State Bank Of India vs Master Electricals — 154/2024

Case under --- Section 26,ORderVIIRule1. Disposed: Uncontested--DECREED WITH COST on 04th April 2026.

OS - ORIGINAL SUIT

CNR: KLKN120002272024

Case disposed

e-Filing Number

01-04-2024

Filing Number

106/2024

Filing Date

04-04-2024

Registration No

154/2024

Registration Date

04-04-2024

Court

Additional Munsiffs Court Kannur

Judge

4-Addl. Munsiff/JFCM 5, Kannur

Decision Date

04th April 2026

Nature of Disposal

Uncontested--DECREED WITH COST

Acts & Sections

--- Section 26,ORderVIIRule1
IA/2/2025 Classification : Petition Section State Bank Of India
IA/3/2025 Classification : Application To Receive Documents Section State Bank Of IndiaMaster Electricals

Petitioner(s)

State Bank Of India

Adv. BABY LATHIKA K, BABY LATHIKA K, Vinod Raj K

Respondent(s)

Master Electricals

Hearing History

Judge: 4-Addl. Munsiff/JFCM 5, Kannur

04-04-2026

Disposed

30-03-2026

Order/ Judgement

28-03-2026

For further hearing

16-03-2026

FOR HEARING

13-02-2026

For evidence

Final Orders / Judgements

04-04-2026
Judgement

The Munsiff's Court in Kannur decreed SBI's suit against Master Electricals for recovery of ₹6,64,698 in defaulted loan principal with interest at 6% per annum from the date of suit until realization. The defendants, who failed to appear despite substituted service, had availed a ₹6,00,000 cash credit loan in January 2018 but ceased payments in July 2022, resulting in the account being classified as a Non-Performing Asset. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

The Munsiff's Court in Kannur decreed SBI's suit against Master Electricals for recovery of ₹6,64,698 in defaulted loan principal with interest at 6% per annum from the date of suit until realization. The defendants, who failed to appear despite substituted service, had availed a ₹6,00,000 cash credit loan in January 2018 but ceased payments in July 2022, resulting in the account being classified as a Non-Performing Asset. This case analysis is maintained by casestatus.in based on publicly available court records.

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