Canara Bank of having its Head office At Bangalore, Br. at Chikkerur vs Shivakumar S/o Mahalingappa Jadar — 54/2024

Court Decision Summary The Senior Civil Judge of Hirekerur held that Canara Bank is entitled to recover Rs. 4,99,110 (principal of Rs. 2,50,000 plus accrued interest) from the defendants at 6% annual interest within 6 months from the judgment date, as the defendants failed to repay an agricultural loan sanctioned on August 3, 2016 at 10.75% interest. The court issued a partial decree allowing the bank to proceed with recovery proceedings against the mortgaged property if payment is not made. This case analysis is maintained by casestatus.in based on publicly available court records.