Bank Of Baroda Koduvayur Branch Rep. by its Manager Deekshith vs Rakhi and another — 573/2023

Case Summary: OS 573/2023 Bank of Baroda's suit for recovery of a defaulted education loan was decreed in favor of the plaintiff. The Munsiff of Chittur ordered defendants Rakhi and Silomani to pay ₹4,92,962.42 (principal plus accrued interest), with 12% interest from suit date to decree date and 6% thereafter until realization. The defendants, who failed to repay an MBA education loan of ₹3,50,000 sanctioned in 2018, were absent during proceedings; the court accepted the bank's unchallenged evidence and awarded costs to the plaintiff. This case analysis is maintained by casestatus.in based on publicly available court records.