State Bank of India Akkalkot Branch vs Marutrao Huchappa Bansode — 37/2025

Case Summary: State Bank of India v. Marutrao Huchappa Bansode (37/2025) The court decreed the suit in favor of State Bank of India, holding the defendant liable to repay Rs. 3,82,552.47 as arrears along with interest at 11.20% per annum from 31/01/2025 onwards (totaling Rs. 4,54,134.99). The defendant had obtained a personal loan of Rs. 5,00,000 on 22/04/2022 with a 72-month repayment schedule but defaulted on payment obligations; he had repaid only Rs. 1,17,447.53 of the principal. The court noted the defendant failed to file a written statement and did not cross-examine the bank's witness, rendering the bank's documentary evidence (loan agreement, account statement, arrangement letter) unchallenged and sufficient to establish the debt. The defendant was granted two months to deposit the decretal amount or face recovery proceedings with continued interest accrual. This case analysis is maintained by casestatus.in based on publicly available court records.