State Bank of India, Kandasamypalayam Branch, rep by its Branch Manager vs R.Duraisamy — 867/2022

Summary The court granted State Bank of India's mortgage suit against defendant R. Duraisamy, ordering him to pay Rs. 15,70,488 with 9% interest until judgment and 6% thereafter until realization. The defendant failed to repay a sanctioned crop loan of Rs. 15,50,000 secured by equitable mortgage on his property, and despite legal notice, did not contest the suit, resulting in a preliminary mortgage decree. This case analysis is maintained by casestatus.in based on publicly available court records.