State Bank OK N Palayam Branch Rep by its Branch Manager vs K Palanisamy — 81/2025

Summary The Subordinate Court of Sathyamangalam decreed the suit filed by State Bank of India against K. Palanisamy, ordering the defendant to pay Rs. 1,60,481/- with interest at 9% per annum from the suit date until decree, and thereafter 6% per annum until realization. The court found the defendant's liability established through uncontested documentary evidence including loan agreements, hypothecation agreements, and revival letters, with the defendant having defaulted on repayment obligations despite multiple bank requests. This case analysis is maintained by casestatus.in based on publicly available court records.