IDBI Bank Ltd., Udupi Branch, Rep through its Authorised Principal Officer, Sri Nagaraj Kumbar vs M/s Shree Gajanana Enterprises, rep by its Proprietor Vishwanatha — 150/2024
Case under Code of Civil Procedure Section U/s.26. Disposed: Uncontested--DECREED IN PART on 06th March 2026.
Com.O.S. - COM. ORIGINAL SUIT
CNR: KAUP010025392024
Filing Number
150/2024
Filing Date
18-12-2024
Registration No
150/2024
Registration Date
19-12-2024
Court
PRL. DISTRICT AND SESSIONS COURT, UDUPI
Judge
1440-II Addl District and Sessions Judge Udupi
Decision Date
06th March 2026
Nature of Disposal
Uncontested--DECREED IN PART
Acts & Sections
Petitioner(s)
IDBI Bank Ltd., Udupi Branch, Rep through its Authorised Principal Officer, Sri Nagaraj Kumbar
Adv. MURALIDHARA VARAMBALLY
Respondent(s)
M/s Shree Gajanana Enterprises, rep by its Proprietor Vishwanatha
Vishwanatha
Hearing History
Judge: 1440-II Addl District and Sessions Judge Udupi
Disposed
JUDGEMENT
ARGUMENTS
EVIDENCE CIVIL
APPEARANCE OF PARTY
| Date | Purpose |
|---|---|
| 06-03-2026 | Disposed |
| 20-02-2026 | JUDGEMENT |
| 04-02-2026 | ARGUMENTS |
| 14-01-2026 | EVIDENCE CIVIL |
| 22-11-2025 | APPEARANCE OF PARTY |
Final Orders / Judgements
Summary The II Additional District & Commercial Court at Udupi partially decreed IDBI Bank's suit for recovery of ₹6,51,654 against defendants who defaulted on a ₹5 lakh loan availed under the Pradhan Mantri Mudra Yojana. The court found the defendants liable to repay the principal amount with interest at 9.9% per annum (the contractual rate) instead of the bank's claimed 12.4%, applying the Proviso to Section 34 CPC which limits future interest to the contractual rate in commercial transactions. The defendants were directed to pay within three months from the decree date. This case analysis is maintained by casestatus.in based on publicly available court records.
Interim Orders
Summary The II Additional District & Commercial Court at Udupi partially decreed IDBI Bank's suit for recovery of ₹6,51,654 against defendants who defaulted on a ₹5 lakh loan availed under the Pradhan Mantri Mudra Yojana. The court found the defendants liable to repay the principal amount with interest at 9.9% per annum (the contractual rate) instead of the bank's claimed 12.4%, applying the Proviso to Section 34 CPC which limits future interest to the contractual rate in commercial transactions. The defendants were directed to pay within three months from the decree date. This case analysis is maintained by casestatus.in based on publicly available court records.
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