PUNE: On the one hand when ‘reputed businessmen’ have duped public sector banks of hundreds of crores of rupees which the banks are unable to recover, the State Bank of India (SBI) has managed to get an order from the Pune district court directing a farmer to pay back Rs 85,476 loan amount after five years of legal battle. The Uruli Kanchan branch of the bank had filed suit for recovery of Rs 1.23 lakh home loan.
The suit was filed in June 2013 against Bhaskar Kashinath Kamble of Kadamvasti and Vitthal Tukaram Bengale of Khamgaon Tek, in Haveli taluka of the Pune district.
According to the bank’s petition, Kamble had applied for housing loan under Gram Nivas Yojana in 2010 of Rs 90,000 which was sanctioned and for that transaction, Bengale stood as guaranteer. Kamble executed a memorandum of term loan agreement, terms and condition letter, confirmation letter by a guarantor, arrangement letter and guarantee agreement signed by Bengale and they agreed to repay the housing loan in a monthly installment of Rs 1,389 with interest till repayment. On May June 3, 2008, the loan was sanctioned and disbursed. But the loan was not repaid even after issuing a legal notice.
However, both the farmers did not appear before the civil court.
The court ordered them to jointly pay Rs 85,476 to the bank with interest at the rate of 9 per cent per annum from the date of filling the suit till the date of the decree.