BANK OF INDIA vs V. SWAROOP REDDY — C.A. No. 7936/2001

Summary: Bank of India v. V. Swaroop Reddy (C.A. No. 7936/2001) On October 14, 2003, the Supreme Court disposed of Bank of India's appeal regarding a lease rent dispute. The Court ordered Bank of India to pay the difference in principal amount at a 20% increased rate (per its policy) plus 18% per annum interest for two block periods (May 1988-May 1998) and the interim period until possession surrender in October 1998, payable within eight weeks. Upon payment, the bank guarantee stands discharged. Each party bears its own costs. This case analysis is maintained by casestatus.in based on publicly available court records.