R.S.KEJRIWAL
Kedar Nath – Appellant
Versus
Punjab National Bank & ors . (72) – Respondent
(2). The brief relevant facts of the case are that on the request of Non-Petitioner No. 2, the Non-Pet. No.l, the Punjab National Bank, Dholpur, advanced a loan of Rs. 1,93,000/- (one lac ninety three thousand) on 27.7.85, to the Non-Petitioner No. 2, for purchasing a truck. Subsequently, the Non-Pet. No. 2 purchased truck No. RNT 921. The Non-Pet. No. 2, executed a pronote and other documents for the repayment of the loan with interest and also hypothecated the truck in favour of Non-Pet. No. 1, the Punjab National Bank, Dholpur. When the Non-Pet. No. 2 did not repay the loan, the Punjab National Bank, filed a suit No. 5/1987, on 9.8.1988, against Non-Pet. No. 2 and guarantors in the Court of District Judge, Dholpur and prayed that a decree of Rs. 2,09, 727.80 Paisa, with interest on the same from 14.8.1987, at the rate of 12 1/2% be passed against the non-petitioner No. 2 and the guarantors. It was also prayed that the loan be recovered from the sale of aforesaid hypothecated truc
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