Supreme Court · 1994 INSC 69 · Decided 14 February 1994
State Bank of Patiala and ANR. v. Harbans Singh
- Court
- Supreme Court of India
- Citation
- 1994 INSC 69 · [1994] 1 S.C.R. 933
- Case number
- CIVIL APPEAL No. 1690/1994
- Decided
- 14 February 1994
- Bench
- K. RAMASWAMY, B.L. HANSARIA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
PATIALA AND ANR. A v. HARBANS SINGH FEBRUARY 14, 1994 [K. RAMASWAMY AND B.L. HANSARIA, JJ.) B Banking Services-'Tenn Loan' for construction of building with a con- -< dition to lease to the lending bank-Rate of interest-Also quarterly rest-Directions by Reserve Bank of India-Held: Loan not for obtained loan from the appellant bank and D constructed a building for the business of the appellant. The interest + charged was 16% per annum with quarterly rests thereon. The respondent filed a suit challenging the liability, and the trial court reduced the rate of interest to ~5% per annum
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