IDBI BankLtd.,H.OfficeIDBITower, Mumbai,Br.Honnavar nowclosed,mergedKarwar,Rep.Sendhamizh Selvan vs M/s. Shama Enterprises, Prop. Reshma Shaikh W/o. Arif Rizwan Shaikh — 19/2024

Case under Code of Civil Procedure Section U/o.VII,rule1,R/w.Sec.12. Disposed: Uncontested--PARTLY DECREED on 06th March 2026.

Com.O.S. - COMMERCIAL ORIGINAL SUIT

CNR: KAUK010011582024

Case disposed

Filing Number

19/2024

Filing Date

06-08-2024

Registration No

19/2024

Registration Date

07-08-2024

Court

PRL. DISTRICT AND SESSIONS JUDGE, KARWAR

Judge

519-PRL. DISTRICT SESSIONS JUDGE, COURT U.K, KARWAR

Decision Date

06th March 2026

Nature of Disposal

Uncontested--PARTLY DECREED

Acts & Sections

Code of Civil Procedure Section U/o.VII,rule1,R/w.Sec.12

Petitioner(s)

IDBI BankLtd.,H.OfficeIDBITower, Mumbai,Br.Honnavar nowclosed,mergedKarwar,Rep.Sendhamizh Selvan

Adv. PARAMESHWAR SHRIKRISHNA BHAT

Respondent(s)

M/s. Shama Enterprises, Prop. Reshma Shaikh W/o. Arif Rizwan Shaikh

Hearing History

Judge: 519-PRL. DISTRICT SESSIONS JUDGE, COURT U.K, KARWAR

06-03-2026

Disposed

27-02-2026

JUDGEMENT

26-02-2026

EVIDENCE

12-02-2026

EVIDENCE

27-01-2026

EVIDENCE

Final Orders / Judgements

06-03-2026
Judgment

Court Summary The Principal District & Sessions Court, Karwar, partly decreed IDBI Bank's suit for loan recovery against Shama Enterprises. The court confirmed the defendant borrowed Rs. 10,00,000 on June 2, 2020, and owes Rs. 13,07,238.35, but reduced the interest rate from the claimed 11% per annum to 9% per annum from the suit filing date until realization, finding the higher rate exorbitant. This case analysis is maintained by casestatus.in based on publicly available court records.

Interim Orders

27-02-2026
Deposition
casestatus.in Summary

Court Summary The Principal District & Sessions Court, Karwar, partly decreed IDBI Bank's suit for loan recovery against Shama Enterprises. The court confirmed the defendant borrowed Rs. 10,00,000 on June 2, 2020, and owes Rs. 13,07,238.35, but reduced the interest rate from the claimed 11% per annum to 9% per annum from the suit filing date until realization, finding the higher rate exorbitant. This case analysis is maintained by casestatus.in based on publicly available court records.

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