Search Results for "Order XXXVII"

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High Court of Karnataka Allows Appeal in Credit Card Recovery Suit — Reduces Usurious Interest Rate of 2.5% per Month Compounded Monthly to 6% per Annum Simple. Contractual interest held unconscionable and against public policy under Section 34 CPC.

The appellant, B. Gopa Kumar, was a credit card holder of Canara Bank (respondent) and was issued a Cancard-Visa card in 1998. He defaulted on payment...

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Bombay High Court Upholds Dismissal of Bank Employees in Theft Case — Misconduct Established in Domestic Enquiry. Theft of Rs.22,21,381 using duplicate keys held to be gross negligence and dishonesty under Standing Orders.

The petitioner, The Ahmednagar District Central Co.op. Bank Ltd., filed a writ petition challenging the order of the Industrial Court, which had set a...

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Bombay High Court Dismisses Appeal Against Refusal to Revoke Leave Under Clause XII Letters Patent in Summary Suit on Guarantee. Jurisdiction upheld as part of cause of action arose in Mumbai due to disbursement and part payments.

The appeal arose from a summary suit filed by Rabo India Finance Limited (Plaintiff) against Gouri Prasad Goenka (Defendant) based on guarantees execu...