1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUIT NO. 3091 OF 2003 The Catholic Syrin Bank Ltd. ...Plaintiff Vs. Ramesh Pillai ...Defendant Ms.Neeta Rajde i/b.DSK Associates for Plaintiff None for Defendant CORAM: SMT.ROSHAN DALVI, J. DATED: 24TH APRIL, 2008 P.C. 1. The Suit is filed for recovery of the loan amount granted to the Defendant by the Plaintiff Bank. The parties have entered into an agreement of loan on 28 th October 1994 against the pledge of certain shares mentioned in the agreement, Exhibit- B to the agreement. The Defendant has also executed a Promissory Note on 28 th October 1994. The suit has been filed for recovery of the amount of the loan upon the Defendant's default. 2. The Defendant has been served with the Writ of Summons by registered post at his office address. He has executed the acknowledgment. The Defendant has also been sought to be served at his residence from where he stated to 2 have left the premises. Since the Writ of Summons is served at the office address of the Defendant, the service is complete. The Plaintiff has tendered the original documents of loan. The averments in the plaint are un- controverted and unchallenged as the Defendant has neither appeared nor filed any written statement. 3. The Suit is decreed in terms of prayer clause (a). The shares which are shown pledged under an agreement dated 28 th October 1994 shall be sold by the Plaintiffs in satisfaction of this decree. 4. The Plaintiff shall be entitled to inform the office about the pledge and the consequent sale of shares. 5. The Suit is disposed of accordingly. (SMT. ROSHAN DALVI, J.)