SYNDICATE BANK, CHENNAI vs M/S. MOHAN BROTHERS . — SLP(C) No. 2479/2000

Case under Section III. Status: Disposed.

Disposed

CNR: SCIN010009072000

Filing Date

13-Jan-2000

Registration No

SLP(C) No. 2479/2000

Diary Number

907/2000

Order Date

06-Mar-2002

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 29-May-2026

Acts & Sections

Section III

Petitioner(s)

  1. 1.SYNDICATE BANK, CHENNAI

    Adv. S. SRINIVASAN (Dead / Retired / Elevated)

Respondent(s)

  1. 1.M/S. MOHAN BROTHERS .

    Adv. M. A. CHINNASAMY

Case History

  1. Case disposedDisposed

  2. 06-Mar-2002

    ROP - of Main CaseView PDF

  3. 18-Jan-2002

    ROP - of Main CaseView PDF

  4. 29-Nov-2001

    ROP - of Main CaseView PDF

  5. 21-Sep-2001

    ROP - of Main CaseView PDF

  6. 13-Jan-2000

    Case filed

    Registration No. SLP(C) No. 2479/2000

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casestatus.in Summary

Case Summary: SLP(C) No. 2479/2000 Syndicate Bank, Chennai v. M/S. Mohan Brothers & Ors. On 06/03/2002, the Supreme Court heard this debt recovery appeal concerning whether contractual interest rates apply to commercial transactions. The Court found that a Constitutional Bench decision (Central Bank of India v. Ravindra) had overlooked the proviso to Section 34(1) CPC, which specifically permits interest exceeding 6% per annum in commercial transactions up to the contractual rate. Accordingly, the Court directed that the case be heard by a larger Bench to properly interpret Section 34(1) CPC's proviso and ensure no conflicting observations with the Central Bank precedent, with papers referred to the Chief Justice for appropriate orders. This case analysis is maintained by casestatus.in based on publicly available court records.

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