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IN THE SUPREME COURT OF INDIA

CIVIL APPELLATE JURISDICTION

CIVIL APPEAL NO. 4416 OF 2010

SILLA JAYARAMA GUPTA & OTHERS

.....

APPELLANT(S)

VERSUS

STATE BANK OF INDIA

..... RESPONDENT(S)

O R D E R

The three appellants, Silla Jayarama Gupta, K. Janardhana Rao

and B. Chandra Sekhara Rao, have filed this appeal against the

judgment and decree dated 27^th January 2009 passed by the High Court

of Andhra Pradesh in AS No. 427 of 2001 which allowed the first appeal

filed by the State Bank of India (for short, ‘the respondent-bank’) and

thereby had decreed the suit for recovery of Rs.1,10,076/- with

subsequent interest at 12% per annum on the principal sum of

Rs.60,000/-.

2. The trial court, namely, the Court of Principal Senior Civil Judge,

Srikakulam by the judgment and decree dated 21^st January 2000 had

dismissed the suit filed by the respondent bank on the ground of

limitation.

Digitally signed by

GEETA AHUJA

Date: 2020.04.21

16:31:16 IST

Reason:

Signature Not Verified

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3. The High Court allowing the appeal and decreeing the suit accepts

that Article 113 of the Limitation Act, 1963 (‘Act’, for short) would be

applicable to the suit based on t