KARNATAKA GRAMEENA BANK R/BY THE BRANCH MANAGER vs KEMPEGOWDA H B — 351/2025

Judgment

Case Summary: OS 351/2025 Court Decision: The court partially decreed Karnataka Grameena Bank's suit against borrower Kempegowda H.B. and his two minor children. The defendants are liable to pay Rs. 8,54,748 (covering three agricultural loans with outstanding balances) plus interest at 6% per annum instead of the contractually agreed higher rates (7%, 11.75%, and 12.50%). Key Reasoning: The court found the defendants had availed three loans (crop, term, and overdraft) secured by mortgaged property and defaulted on repayment. With defendants absent and uncontested evidence from the bank manager, the court accepted the bank's claim but reduced interest rates to 6% p.a., exercising discretion as permitted for commercial transactions. 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

Deposition

Arguments

I Addl Senior CIVIL Judge And JMFC Hunsur

Evidence

I Addl Senior CIVIL Judge And JMFC Hunsur

Evidence

I Addl Senior CIVIL Judge And JMFC Hunsur

Re Issue Summons

I Addl Senior CIVIL Judge And JMFC Hunsur

Summons

I Addl Senior CIVIL Judge And JMFC Hunsur

Summons

I Addl Senior CIVIL Judge And JMFC Hunsur

Settlement

I Addl Senior CIVIL Judge And JMFC Hunsur

First hearing

Initial hearing scheduled

Case filed

Registration No. 351/2025