D.APPA RAO, M.SHREESHA, R.LAKSHMINARASIMHA RAO
MUNNANGI BHASKARA RAO – Appellant
Versus
STATE BANK OF INDIA – Respondent
ORDER
R. Lakshminarasimha Rao, Member (Oral)- The unsuccessful complainant is the appellant.
2. The opposite party sanctioned educational loan of Rs. 1,40,000 to the son of the complainant which was to be paid in annual installments. The complainant and his wife stood as sureties for payment of the loan. The title deeds standing in the name of complainant's wife Subbayamma, have been hypothecated with opposite party and they are still with them. The complainant's son had completed his B.E. course and in January, 2007 left for the United States for further studies. As per the agreed terms towards the discharge of the loan the principal amount of loan has to be discharged in one year after the completion of the complainant's son's studies and the interest is payable annually. On 15.3.2007 the opposite party got published notice in the Eenadu daily, Prakasam Edition whereunder the names of 27 defaulters including that of the complainant's was published showing them as chronic Defaulters. It is contended that the opposite party had not informed nor sent any notice to the complainant of the due amount payable. On 20.2.2007 the complainant paid a sum of Rs. 15,000, on 17.5.2007 the complai
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