KARNATAKA BANK LIMITED R/BY BRANCH MANAGER, SHARATH BABU vs SOWMYA — 17/2025

Judgment

Case Summary: S.C./17/2025 Karnataka Bank Limited v. Sowmya The court partly decreed Karnataka Bank's suit for recovery of Rs. 92,696.82 against the defendant, who defaulted on a term loan of Rs. 2,00,000 borrowed in July 2022. The defendant failed to file any written statement or present evidence to contest the bank's claim, leaving the plaintiff's unchallenged evidence and loan documents (sanction order, hypothecation agreement, and account statements) sufficient to establish liability. However, the court reduced the claimed interest rate from 14.50% p.a. to 6% p.a., applying Section 34 CPC, reasoning that the loan was for personal necessities, not commercial purposes. The defendant must pay the outstanding amount with 6% interest, with the mortgaged property available for sale upon default. This case analysis is maintained by casestatus.in based on publicly available court records.

Disposed

I Addl Senior CIVIL Judge And JMFC Hunsur

Judgements

I Addl Senior CIVIL Judge And JMFC Hunsur

Arguments

I Addl Senior CIVIL Judge And JMFC Hunsur

Arguments

I Addl Senior CIVIL Judge And JMFC Hunsur

Deposition

Arguments

I Addl Senior CIVIL Judge And JMFC Hunsur

Evidence

I Addl Senior CIVIL Judge And JMFC Hunsur

Written Statement

I Addl Senior CIVIL Judge And JMFC Hunsur

Written Statement

I Addl Senior CIVIL Judge And JMFC Hunsur

Settlement

I Addl Senior CIVIL Judge And JMFC Hunsur

Settlement

I Addl Senior CIVIL Judge And JMFC Hunsur

Written Statement

I Addl Senior CIVIL Judge And JMFC Hunsur

Re Issue Summons

I Addl Senior CIVIL Judge And JMFC Hunsur

Issue Summons

I Addl Senior CIVIL Judge And JMFC Hunsur

First hearing

Initial hearing scheduled

Case filed

Registration No. 17/2025