State Bank Of India Bhavanisagar Branch Rep By Its Branch Manager vs K Kariappan — 247/2024

Summary: The Subordinate Court of Sathyamangalam decreed State Bank of India's suit against K. Kariyappan for recovery of Rs. 3,32,814/- outstanding on a cash credit loan, plus interest at 9% per annum until decree and 6% thereafter until realization. The court found the defendant liable based on unchallenged documentary evidence (loan application, hypothecation agreement, mortgage deed, and account statements) and the defendant's ex parte status, granting the bank a preliminary mortgage decree with 6 months for payment or permission to sell mortgaged property. This case analysis is maintained by casestatus.in based on publicly available court records.