Karnataka Gramin Bank vs SHIVARUDRAIAH — 58/2025

Court Decision Summary The Senior Civil Judge of H.D. Kote decreed a foreclosure suit by Karnataka Gramin Bank against two defendants (heirs of deceased borrowers) for recovery of Rs. 5,08,963, comprising two unpaid loans of Rs. 90,000 and Rs. 53,000 taken in 2011 with registered mortgage security. The court found the defendants liable to pay the full amount with interest at 6% per annum (reduced from the contractual 11.50-12.50%) from the date of suit within three months, with authority to recover through sale of the mortgaged property upon default. This case analysis is maintained by casestatus.in based on publicly available court records.