Canara bank Usilampatti branch Madurai district Represented by its branch manager vs S.Saravanan and 1 another — 409/2023

Copy of Judgment/OrderView PDF

Case Summary: Canara Bank v. S. Saravanan & A. Selvam (409/2023) The court awarded Canara Bank judgment for recovery of an outstanding education loan of ₹9,60,885.51 with 9.75% annual interest from the defendants. The defendants had borrowed ₹2,43,500 in November 2008 for education purposes and failed to repay despite the loan repayment period ending in 2013, prompting the bank's 2023 recovery suit. The court found the defendants liable to repay the principal amount of ₹2,43,500 plus accrued interest until full payment. This case analysis is maintained by casestatus.in based on publicly available court records.

Disposed

Sub Judge, Usilampatti

Judgement

Sub Judge, Usilampatti

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Copy of DepositionView PDF

Evidence

Sub Judge, Usilampatti

Copy of DepositionView PDF

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Sub Judge, Usilampatti

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Sub Judge, Usilampatti

Copy of DepositionView PDF

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Sub Judge, Usilampatti

Trial

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Written Statement

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First hearing

Initial hearing scheduled

Case filed

Registration No. 409/2023