SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

1995 Supreme(AP) 482

K.S.SHRIVASTAVA
United Commercial Bank, Calcutta Manager and duly constituted attorney at Guntur, M. S. Suryanarayana – Appellant
Versus
Karumanchi Aruna Kumari – Respondent


K. S. SHRIVASTAV, J.

( 1 ) THE plaintiff in O. S. No. 74 of 1979 on the file of the Subordinate Judge at bapatla is the appellant in this appeal.

( 2 ) THE facts of the case lie-in a very small compass. The plaintiff-Bank on 1-1ci-1975 advanced to the defendant No. l a sum of Rs. 23,000/-on interest at the rate of 4% above the Reserve Bank of India rate subject to a minimum of 13% with half yearly rests. The defendants No. 2 and 3 stood as guarantors. The loan was granted for agricultural purposes to defendant No. l who is an agriculturist. He did not pay the loan amount and interest amounting to rs. 32,615-70 paise, therefore, the plaintiff sued the defendants. The defendants resisted the suit mainly on the ground that the plaintiff-Bank is not entitled to claim interest at the rate of 13% per annum with half yearly rests. They are agriculturists within the meaning of the Andhra Pradesh Agriculturists Relief act, 1938 (Act IV of 1938) and, therefore, the suit debt is liable to be scaled down. The plaintiff is also not entitled to claim costs of the suit.

( 3 ) THE learned trial Court decided the following two issues only as the parties to the suit restricted their arguments so far














Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top