{"id":271152,"date":"2008-08-29T00:00:00","date_gmt":"2008-08-28T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/vijaya-bank-vs-sriram-jaishankar-on-29-august-2008"},"modified":"2015-02-03T15:02:54","modified_gmt":"2015-02-03T09:32:54","slug":"vijaya-bank-vs-sriram-jaishankar-on-29-august-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/vijaya-bank-vs-sriram-jaishankar-on-29-august-2008","title":{"rendered":"Vijaya Bank vs Sriram Jaishankar on 29 August, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Vijaya Bank vs Sriram Jaishankar on 29 August, 2008<\/div>\n
Author: Ashok B.Hinchigeri<\/div>\n
IN THE HEGH COURT or-' KARHATAKA AT 5ANeA1;\u00a7&e'%V;~&:%M%   _\n\nmaven mxs THE 29*\" my or Aqgusr, 2.\"z:.a \u00a7jj   %\nBEFORE    \"  [A _ L\nTHE HUMBLE MR. JUSTICE Aa\ufb01ox E.. \u00a7!1:NcHI\u00a2\u20ac\u00a7i:'\u00a7V  \nREGULAR FIRST APPEAL'fSi\u00e9;'85i} oF'2\ufb01Q4   \n\nBETWEEN\n\n1\n\nAND\n\nVIJAYA amx   \nHEAD OFFICE AT TRIN1\"TY_CZRCi..E' - A  \"\n\nM G ROAD? BANGALGRE  A   \nGANGAPJAGARBAi\\i;T\u00a3A1.0R'E  M  \" \nREP BY GPA \u00a7*\u00a5Cil7)_EE2v-S--ENI\u00abCJ--\u00a5\u00a7 MPd'%{1\\G\u00a7E\u00a52VV_ '\n\n3 as BEAYAK   k     %   \n\n %     ' ; ...APPELLANT\n * (\ufb02y S:fE\"'a.l\\i[.v'Si2.\u00a73tv':*;{,. Advcmate)\n\nSRIR4\u00a7;.F1'VJ\ufb01.ISHA\u00a7\u00a5Ke\u00a7Rv\n\n  * \u00ab..5IN<:Z.E"DEAD~v5Y ms'  %%%%% ~ '\n   \n\nWf\u20ac3"_i.A1'E :"SR1EAx.':"3AIS\ufb01ANKAR\nRID 238?,9 'CRCHE-S, 3 MAIN, VUAYANAGAR\n\n  2 STiiGE,__'vB1iN\u00a7SALORE\n\nV  'P3AGARA3L!"\n\n% 33\/0 LATE $RIRAM JAISHANKAR\n\n  =3\/z::_2&s7,9 moss, 3 MAIN, VIJAYANAGAR\n   2'v..<sTAGe, BANGALORE\n\n ' R--A\u00a743EETH-A\n D\/0 LATE SRIRAM JAISHANKAR\n\nV " R\/0 208?,9 CROSS, 3 MAIN, VIJAYANAGAR\n\n2 STAGE, \ufb01ANG\ufb01tLORE\nNAGABHARANA\n\n\n\nccmditiens of the credit card. The said Sriram JeishankerVd\u00e9jetlin\n\na meter vehicle accident leaving behind him the   \n\nhis legal heirs (respendent No.2~Wife and ,respr5ntle'nts tie it\n\n5-children).\n\n3. The appellant instituted  Ne".7r\u00bb_4e-b\u00bbflx';'\u00e9\u00a78" fer V\n\nrecovering a sum ef Rs.1,;';?.,G15..43=.nelnrl'c__w\u00a5thV'c'urrent and\nfuture interest. It was resisted by"ti\u00a7e::'reep:e':}e'ents. The Trial\n\nCourt formulated the feiljlei\/vin:'gA  ' " '\n\n1. wneth\u00e9rnretrnak V;";:i:fa{'i'z1ti!'f..V.:proaree'that the 15* defendant\nSrirern '3:_aisheiri\u00a7err% e\\f_ec%.l.etl.__the credit card facilities from\nthe plaintiff Vl::\u00e9'i'r_l<"?r' " \n\n 2. w.ijieth~erV thVe"'-piia,_inti'ff bank is entitled to recover the\n  ~.Acemi5e;;n;d~ii.nterest at the rate claimed?\n\n "iAll1eth:e_r\u00bb.the':ii.ielnt\u00a5ff bank is entitled to recover the suit\nc'E-eimv._f\u00a7ren5r' all the defendants?\n\n'   an betiaif of the appellant Bank, its Branch Manager, Sri\n\n examined as ewn marking nine documents in\n\n series. On behalf ef the respondents the first<\/pre>\n
:”‘~.l>_”ree;\u00a7endent was examined as DWL. On ceneiderine the ore! and<\/p>\n
\ufb02ali.\n<\/p>\n
\n
5. The respondents are served but have remeined<\/p>\n
unrepresented.\n<\/p>\n
7. My scrutiny ef Exhibits P5 and P6 reveais.th’e-ti:  K <\/p>\n
contains the amounts towards the interr.=;et p’ortierr ee.ic::_”u!.eVted7tiii?<\/p>\n
315* December, 3.996. The interest fa\ufb02inga’:1ee_theree_ftervfreer<\/p>\n
3anuary, 1997 his 25″‘ May, 1993 aserg\ufb01ecte\u00e9 in_VE>:hi_:biVt’:.;e6′;’ sBut V<\/p>\n
unfertunateiy this position is:”n.9t me’de’Vr\u00a7:ieVe’\u00a7*.._to the”Tri;ai Ceurt.
\nThe perusal of the depositier} __.eh–e\u00a7*ae_’_’_.that the era!<\/p>\n
evidence given is sigetehy_-,. te; sa’_:gr_t.i1e-.:iee:;t,__’ Exhibits PS and<\/p>\n
P6, no detalieare  witness has oniy this te say.
\n“\ufb01xhtbit P5 is’ ‘thee ;e’t’t_\u00a5tiee\u00bb* extract of the Current Account
\nNe_._8.34. Esightibie P6 \u00a5’$’rt.he;___eerti\ufb01ed extract of the memorandum<\/p>\n
of Aintereetxf   the.r_1en–description of these exhibits which has<\/p>\n
 ‘creme ti”:2.1;’\u00a7\u00a7.e.\u00a7Qfa#\u00a7”_ef tV\u00a7\u00a77;_’1e’V..c:orrect construction ef Exhibits PS and P6<\/p>\n
i’r\u00a7ytt:;e -me court;\n<\/p>\n
    the mistake ef the appellant Bank er the “ma!<\/p>\n
  the errer has to be corrected. White correcting the error<\/p>\n
V\ufb02er,,ie’i;I?a from the iapse on the part of the eeeetient Bank, the<\/p>\n
\u00a333.\n<\/p>\n
\n
iegai representatives of the deceased credit holder sheu!4ctV’ee_te.t:e<\/p>\n
made to pay mere interest for no fault on their part.  ‘V<\/p>\n
9. I mecllfy the Trial Ceurlfs judgment :.s.:’a’iei’e:–‘:’1j’a_:e\u00a7:s:Veal.V  ‘* <\/p>\n
helcling that the reseeneents are liahietl-Atefiv -.’a”‘-4’seln__A”eft\u00e9<\/p>\n
R.s.1,.27,01S.43 te the appeilant Ba-nlV< aiVeA:1_ef"witt='v:'e:ljrtehVtjliaald <\/p>\n
future interest at the rate of 15%  fthei date of
\n\ufb01ting the suit till the date a'fA–.t_\u00a7;ifeere\u00a5:einVag (23'"" February,
\n2004). From 23"' FebAr'ua:'y,  payment, the<\/p>\n
respeneentsgerev 'iirlathle 15% per annum on
\nRs.74,S69.43;'–the which is ailewed by the Trial
\nCeurt. However \u00e9rluje taalanaaamm: of Rs.52,446f-, the claim
\nazitdunt,  le..'bethVgV""a'iiewed herein, the interest payable<\/p>\n
woul'da_'__b'eA  annum from the date of eecreelng the<\/p>\n
  t"'eu.lt til! ttae'Vdate.ef:\u00a7~pa5yment.\n<\/p>\n
  Theappeai is aliowed in part. As the modi\ufb01cation of<\/p>\n
l:e’lurt’s award is caused by the fauit of the appellant<\/p>\n
   ‘enty, I make it clear that it is net entitled to any cast.<\/p>\n
Sd\/-.\n<\/p>\n
lnn Judge<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Vijaya Bank vs Sriram Jaishankar on 29 August, 2008 Author: Ashok B.Hinchigeri IN THE HEGH COURT or-‘ KARHATAKA AT 5ANeA1;\u00a7&e’%V;~&:%M% _ maven mxs THE 29*” my or Aqgusr, 2.”z:.a \u00a7jj % BEFORE ” [A _ L THE HUMBLE MR. JUSTICE Aa\ufb01ox E.. \u00a7!1:NcHI\u00a2\u20ac\u00a7i:’\u00a7V REGULAR FIRST APPEAL’fSi\u00e9;’85i} oF’2\ufb01Q4 BETWEEN 1 AND VIJAYA amx […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-271152","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nVijaya Bank vs Sriram Jaishankar on 29 August, 2008 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/vijaya-bank-vs-sriram-jaishankar-on-29-august-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vijaya Bank vs Sriram Jaishankar on 29 August, 2008 - 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