IDBI BankLtd.,H.OfficeIDBITower, Mumbai,Br.Honnavar nowclosed,mergedKarwar,Rep.Sendhamizh Selvan vs M/s. S.S. Traders, Prop. Shabana Saleem Shaikh — 18/2024
Case under Code of Civil Procedure Section U/o.VIIrule1,R/w.Sec.12. Disposed: Uncontested--PARTLY DECREED on 06th March 2026.
Com.O.S. - COMMERCIAL ORIGINAL SUIT
CNR: KAUK010011572024
Filing Number
18/2024
Filing Date
06-Aug-2024
Registration No
18/2024
Registration Date
07-Aug-2024
Court
PRL. DISTRICT AND SESSIONS JUDGE, KARWAR
Judge
519-Prl. District Sessions Judge, Court U.k, Karwar
Decision Date
06-Mar-2026
Nature of Disposal
Uncontested--PARTLY DECREED
Last updated 19-Mar-2026
Acts & Sections
Petitioner(s)
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1.IDBI BankLtd.,H.OfficeIDBITower, Mumbai,Br.Honnavar nowclosed,mergedKarwar,Rep.Sendhamizh Selvan
Adv. PARAMESHWAR SHRIKRISHNA BHAT
Respondent(s)
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1.M/s. S.S. Traders, Prop. Shabana Saleem Shaikh
Case History
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Case disposedDisposed
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06-Mar-2026
Judgment
Summary The court partially decreed IDBI Bank's suit for recovery of Rs. 3,29,505/- against S.S. Traders. The judge found that the defendant validly availed a cash credit loan of Rs. 3,00,000/- in August 2019 and defaulted on repayment, but reduced the claimed interest rate from 11.30% to 9% per annum, deeming the higher rate exorbitant. The defendant, who failed to appear in court, was held liable to repay the outstanding amount with 9% interest from the date of suit. This case analysis is maintained by casestatus.in based on publicly available court records.
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06-Mar-2026
Disposed
Prl. District Sessions Judge, Court U.k, Karwar
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27-Feb-2026
Deposition
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27-Feb-2026
Judgement
Prl. District Sessions Judge, Court U.k, Karwar
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26-Feb-2026
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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12-Feb-2026
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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27-Jan-2026
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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05-Dec-2025
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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18-Nov-2025
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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03-Sep-2025
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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10-Jul-2025
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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07-Feb-2025
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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07-Nov-2024
Evidence
Prl. District Sessions Judge, Court U.k, Karwar
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08-Aug-2024
First hearing
Initial hearing scheduled
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06-Aug-2024
Case filed
Registration No. 18/2024
Summary The court partially decreed IDBI Bank's suit for recovery of Rs. 3,29,505/- against S.S. Traders. The judge found that the defendant validly availed a cash credit loan of Rs. 3,00,000/- in August 2019 and defaulted on repayment, but reduced the claimed interest rate from 11.30% to 9% per annum, deeming the higher rate exorbitant. The defendant, who failed to appear in court, was held liable to repay the outstanding amount with 9% interest from the date of suit. This case analysis is maintained by casestatus.in based on publicly available court records.
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