Canara Bank, Masur, Rept. By its Branch MG V.Rajashekhar Reddy S/o Madhusudhan vs Revaneppa S/o Sannachoudappa Nagannanavar — 59/2025

Summary The court partially decreed Canara Bank's money recovery suit against three agricultural loan defaulters. The court directed defendants to repay Rs. 7,48,854 at 6% annual interest within 6 months from the judgment date; failure to repay would permit the bank to proceed with legal recovery proceedings against the mortgaged property. The court rejected the bank's claim for 11.65% interest, holding that 6% simple interest was appropriate for agricultural loans under the circumstances. This case analysis is maintained by casestatus.in based on publicly available court records.