Upholding Borrower’s Rights in Consortium Agreements

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Delhi High Court: Bank Cannot Unilaterally Alter Interest Rates in Violation of Sanction Letter and RBI Guidelines; Orders Refund of ₹2.04 Crores with 9% Interest, Upholding Borrower’s Rights in Consortium Agreements

Court’s Decision: The Delhi High Court decreed that the plaintiff is entitled to recover ₹2,04,30,669/- along with interest at 9% per annum from the date of filing the suit until…

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Rawlaw December 27, 2024

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