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

Case under Codeofcivilprocedure Section 22. Disposed: Contested--Decreed with cost on 16th March 2026.

OS - Original Suit

CNR: TNMD240005992023

Case disposed

Filing Number

584/2023

Filing Date

30-10-2023

Registration No

409/2023

Registration Date

30-10-2023

Court

Sub Court, Usilampatti

Judge

3-Sub Judge, Usilampatti

Decision Date

16th March 2026

Nature of Disposal

Contested--Decreed with cost

Acts & Sections

CodeofCivilProcedure Section 22

Petitioner(s)

Canara bank Usilampatti branch Madurai district Represented by its branch manager

Adv. Tr.s.Ganesh babu

Respondent(s)

S.Saravanan and 1 another

A.Selvam

Hearing History

Judge: 3-Sub Judge, Usilampatti

16-03-2026

Disposed

09-03-2026

Judgement

06-03-2026

Evidence

27-02-2026

Evidence

02-02-2026

Evidence

Final Orders / Judgements

16-03-2026
Copy of Judgment/Order

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.

Interim Orders

casestatus.in Summary

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.

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