: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUMMARY SUIT NO.483 OF 2004 Standard Chartered Bank ....Plaintiff V/s. Ajay D. Patel ....Defendant Ms.Kavita Anchan i/b M/s.M.V. Kini & Co. for the Plaintiff. CORAM : S.J. VAZIFDAR, J. DATED : 23RD JANUARY, 2008. P.C. : 1. The suit is filed to recover a sum of Rs.1,93,161/- together with interest at 20.5% p.a. on principal sum of Rs.1,60,000/- from the date of the suit till payment. 2. The suit is filed to recover the balance amount of the loan advanced by the Plaintiff to the Defendant. The Plaintiff has sanctioned a loan of Rs.2,75,000/- in respect whereof the Defendant executed a personal loan application form, an agreement for personal loan-cum-guarantee and a demand promissory notice. The rate of interest stipulated was 8.5.% above the R.B.I. rate with minimum of 20.% p.a. The loan was repayable in equal monthly : 2 : instalments. The Defendant paid only certain instalments. The Defendant however failed and neglected to pay the balance amounts despite repeated requests. 3. This is a fit case to accept the averments and submissions contained in the plaint as having been established. No appearance has been filed. The Defendant is absent. 4. In the circumstances, the suit is decreed as prayed. Refund as per rules.