The plaintiff Bank filed this suit against the
defendant seeking the relief of recovery of loan amount
of Rs.4,62,987/- along with interest at rate of 11.35% till
the date of realization.
2. The brief facts averred in the plaint are as
follows:
The plaintiff is a Corporate Body constituted under
State Bank of India Act, 1955 and having its Corporate
Office at Madam Cama Road, Mumbai and its local Head
Office at St.Marks Road, Bengaluru-560001 and having
one of the Branch/office called the State Bank of India,
having one of the branches at Lady Courzon Road Branch
(40016), represented by its Branch Manager, who is
authorized to file the suit in terms of Regulations 76 and
77 of the State Bank of India General Regulations, 1955.