Canara bank R/by Power of Attorney Holder Ashok A Tikhe vs Chethan S M Advocate - N. CHITRALINGAPPA — 27/2023

Case Summary: Canara Bank v. Chethan S M (27/2023) Decision: The court decreed the plaintiff bank's suit in full. Canara Bank was awarded recovery of ₹7,48,185 from the defendant with interest at 12.9% per annum compounded monthly from the date of suit until realization. Key Reasoning: The court found that the defendant validly obtained a ₹5,00,000 loan on 18.06.2020 for maize business and failed to repay it. The defendant's defenses—that bank managers committed fraud, that documents were forged, and that he was a minor—were rejected as unsupported by evidence. The bank's documentary evidence (loan application, sanction letter, promissory note, account statements) remained unchallenged, and the defendant produced no witnesses or documents to substantiate his counterclaims. This case analysis is maintained by casestatus.in based on publicly available court records.