Canara Bank Br.Jamsamarth, Tq.Ghansawangi Dist.Jalna vs Sangeeta Suresh Rathod — 130/2023

The court decreed Canara Bank's suit in full, ordering defendant Sangeeta Suresh Rathod to pay Rs. 7,56,742/- with 9% per annum interest from filing date until realization within six months. The defendant had defaulted on a Rs. 3,00,000/- agricultural term loan disbursed in 2014, which became non-performing in 2018; the court proceeded ex parte after she failed to appear and rejected the bank's claimed 11.65% interest as excessive, substituting 9% instead. The bank is entitled to recover the amount through sale of the mortgaged agricultural property if payment isn't made within the stipulated period. This case analysis is maintained by casestatus.in based on publicly available court records.