PRABUDDHA SANKAR BANERJEE
Hooghly Co-operative Agriculture and Rural Development Bank Ltd. – Appellant
Versus
Nemai Chandra Ghosh – Respondent
2. The said case was brought by the present Opposite party against the present petitioner with prayer for directing the present petitioner to deposit Rs. 25,000/- in favour of the Opposite Party No. 1. The present Opposite Party also prayed for relief regarding rectification and adjustment of the amount in the pass book. The present Opposite Party also prayed for passing appropriate order directing the present petitioner to pay Rs. 20,000/- as compensation.
3. The fact leading to filing of the said case may be summed up thus :-
(i) The present Opposite Party along with his wife approached the Hooghly Co-operative and Agricultural Development Bank for financial assistance in purchasing a tractor.
(ii) The bank sanctioned a sum of Rs. 2,23,029/- by order dated 6-2-1999.
(iii) It is the case of the present Opposite Party that though the rate of interest was agreed to be @ 15% per annum, the Bank charged interest @ 17.5% per annum.
(iv) It is the
4. AIR 2003 SC 1043 : 2003 AIR SCW 558 : 2003 AIR - Kant HCR 532
5. AIR 2003 SC 3044 : 2003 AIR SCW 3872 : 2003 All LJ 2057
7. AIR 1997 SC 2077 : 1997 AIR SCW 1904
6. AIR 2001 SC 1820 : 2001 AIR SCW 1590 : 2001 Cri LJ 2044 : 2001 All LJ 921 : 2001 CLC 1036
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