Drat Madras Court September 2002 Judgments

Annal Jeeva Vs. State Bank of Travancore

Court: DRAT Madras

Reported in: II(2003)BC10

1. The respondent Bank filed Suit OS 14/1992 on the file of Sub-Court, Padmanabhapuram, for recovery of the amount due to it towards the principal and interest with future interest and for costs from the defendants appellants praying for decree jointly and severally and for declaring that the plaint schedule properties are charged and are liable to be sold for recovery of the said amount preliminary decree was passed by the Sub-Court, Padmanabhapuram on 10.7.1995 with costs.On the application made by the respondent Bank the Sub-Court, Padmanabhapuram, passed final decree on 27.11.1996 entitling the respondent Bank to realize the amount in terms of the preliminary decree. As per the final decree, the respondent Bank is entitled to realize the amount with future interest at 22.5.% and costs from the defendants personally and by sale of the plaint mentioned property.Thus, as per the final decree the total amount due to the respondent Bank by the appellant-defendants is Rs. 20,80,796.02 p...