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IN THE HIGH COURT OF JUDICATURE AT MADRAS
G.ARUL MURUGAN, J
C.Sangaran – Appellant
Versus
The Manager, Tamil Nadu Mercantile Bank – Respondent
| Table of Content |
|---|
| 1. legal action for recovery of a loan. (Para 3 , 4 , 5) |
| 2. defendants dispute loan terms based on alleged miscommunication. (Para 7 , 8) |
| 3. court confirms documentation validity. (Para 9 , 10) |
| 4. dismissal of appeal due to lack of substantial evidence. (Para 18 , 19) |
O R D E R
The defendant is before this Court on appeal. The Second Appeal is filed challenging the judgment and decree dated 20.11.2024 on the file of the III Additional District Court, Tirunelveli, confirming the judgment and decree dated 13.2.2024 on the file of O.S.No.244 of 2019 on the file of the Additional Sub Court, Tirunelveli.
2. The parties are referred to as per their litigative status before the trial Court.
3. According to the plaintiff, the first defendant had submitted an application seeking loan for a sum of Rs.5,70,000/- in respect of a Mahindra Bolero Truck for which the second defendant, who is the wife of the first defendant stood as a guarantor. It is the case of the plaintiff that the loan amount of Rs.5,70,000/- was sanctioned on a repayment of 84 equal monthly installments with an interest at the rate of 11.65%. The defendants on agreeing with the terms and conditions executed a Letter
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