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State Bank Of Inida vs Rakesh on 14 November, 2025

7.6 Furthermore, though defendant has claimed that he was not served with the notice of pre-institution mediation in his written statement, however, it is clear from his affidavit of admission denial of documents that he has admitted the correctness of the contents of the non starter report Ex.PW1/7 wherein it has been clearly mentioned that defendant did not join the pre-institution mediation proceeding despite service of the notice upon him. Thus, it is clear that after plaintiff had declared the subject loan as NPA, it had not only demanded the outstanding loan amount through the aforesaid legal notice but in order to proceed further for recovery of the said amount, they had also undertaken the pre-institution mediation proceedings and therefore, after service of the notice of the same, defendant would have come to know that plaintiff bank has already declared this loan account as NPA and in case, plaintiff bank would have wrongly declared his loan account as NPA then defendant had another opportunity at his end to put his defence forth by joining the pre-institution mediation proceedings, however, defendant willingly did not join the pre- institution mediation proceedings. The entire conduct of the CS(Comm)/424/2025 State Bank of India Vs. Sh. Rakesh Page no. 14 of 17 defendant discussed above clearly shows that plaintiff bank had not only issued reminders for repayment of the outstanding installments but they had also declared the subject loan account as NPA as per the settled norms and agreed terms and conditions of the loan agreement otherwise defendant would have not only replied to the demand notice but he would have also joined the pre-institution mediation proceedings to show that the same were initiated without any cause of action but it is clear that defendant did not do the needful and remained completely dormant despite the demand raised by the plaintiff bank.
Delhi District Court Cites 6 - Cited by 0 - Full Document

State Bank Of India vs Rakesh on 5 June, 2025

CS(COMM) NO. 132/25 State Bank of India Vs. Sh. Rakesh Page No. 2 of 10 2.1 It is stated that Mr. Nivit Krishna, who has signed and verified the plaint and instituted the present suit on behalf of plaintiff bank is fully conversant with the facts of the present suit on the basis of the records maintained by the plaintiff bank in ordinary course of its business, therefore, he is in a position to depose about the correctness thereof and he is competent & authorized to sign pleadings, Vakalatnama, Affidavits, Applications and executions, verify and institute the present suit and to do all such acts as are necessary for the proper conduct of the present suit vide Power of Attorney duly executed in his favor.
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State Bank Of India vs Sh. Santosh Kumar Verma on 24 July, 2014

20. The account statement Ex.PW1/4 (colly) duly proved by PW1 has not been disputed by the defendants except to the extent of rate at which the interest amount is calculated. As per Ex.PW1/4 (colly), defendant No.1 made regular payments by way of monthly instalments of Rs.5,341/­ by account CS 107/13 State Bank of India Vs. Santosh Kumar Verma & Anr. 7/10 transfer till 19.01.2008. He became irregular in making the payments thereafter. Hence, even if the transfer of money on 19.01.2008 is taken as last payment made by the defendant No.1, the limitation period shall be extended by virtue of Section 19 of the Limitation Act, 1963 and a complete period of 3 years is available to the plaintiff to institute the suit starting from 19.01.2008.
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Additional District Judge 01 ­ South ... vs Shri Rakesh Kumar Verma on 27 April, 2019

CS - 713/2017 State Bank of India Vs. Rakesh Kumar Verma pg. 5 of 7 PW1/11, statement of account Ex. PW1/12, certificate of accrued interest Ex. PW1/13, supported with certificate u/s. 65B Indian Evidence Act as Ex. PW1/14, I am satisfied that the recovery amount as claimed by the plaintiff bank stands proved on the scales of preponderance of probabilities.
Delhi District Court Cites 4 - Cited by 0 - Full Document

State Bank Of India A Body Corporate ... vs Rajesh Kumar on 9 February, 2024

16.The plaintiff has also sought interest at the rate of 13% per annum on the loan amount from date of filing till its realization. It is pertinent to mention that the transaction entered into between the parties was a commercial transaction. It is well settled that in a commercial transaction by the public financial institutions the contractual rate of interest is the rule and any departure is a rare exception. Moreover, Section 21A of the Banking Regulation Act, 1949, is a bar to reopening by the court, the contractual rate of interest entered into between the commercial banks and its debtor, if the interest charged by the bank is consistent with the circular issued by the Reserve Bank of India. It is also to be noted that under Section 34 of the Code of Civil Procedure the court in a money decree may award Digitally signed by SWAYAM SWAYAM SIDDHA SIDDHA TRIPATHY Date: 2024.02.09 TRIPATHY 16:45:16 +0530 (Swayam Siddha Tripathy), Civil Judge-02(South) Saket Courts, New Delhi 09.02.2024 (Page 6 of 7) CS SCJ 206/2023 STATE BANK OF INDIA V. RAJESH KUMAR interest exceeding six per cent, on a commercial transaction but not beyond the contractual rate. Hence, the contractual rate of interest i.e. 13% p.a. stands accordingly allowed.
Delhi District Court Cites 7 - Cited by 0 - Full Document
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