S.R.Sahanmugam vs G.Kanagaraj — 190/2024

The Subordinate Court at Sathyamangalam decreed the plaintiff's suit and ordered the defendant to pay Rs. 7,81,500/- (principal of Rs. 6,00,000/- plus accrued interest) with future interest at 9% per annum until decree and 6% thereafter, based on the plaintiff's proven evidence of a promissory note for an unsecured loan and the defendant's failure to appear or contest the claim. The court applied Section 118 of the Negotiable Instruments Act, which presumes validity of the promissory note in the plaintiff's favor. This case analysis is maintained by casestatus.in based on publicly available court records.