R.N.Ramanathan vs J.Amul Advocate - T.Kumar — 84/2022

SUMMARY The suit filed by R.N. Ramanathan for recovery of Rs. 4,98,000 against three defendants has been decreed in favor of the plaintiff. The court found that defendants J. Amul and J. Vicknesh borrowed Rs. 3,00,000 from the plaintiff on 10.07.2016 via an unregistered simple mortgage deed, agreeing to repay with 24% per annum interest, but failed to repay despite legal notice. Since the defendants remained ex parte and provided no defense, the court ordered them to jointly and severally pay Rs. 4,98,000 with 6% per annum interest on the principal amount from the date of the plaint until realization. This case analysis is maintained by casestatus.in based on publicly available court records.