1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUMMONS FOR JUDGMENT NO. 12 OF 2008 IN SUMMARY SUIT NO. 1704 OF 2007 State Bank of India ...Plaintiffs Vs. Janardhan Hayagreeva Rao & Anr. ...Defendants None for Plaintiffs Defendant No.1 present in person Mr. Ajit Karwande for Defendants CORAM: SMT.ROSHAN DALVI, J. DATED: 8 TH JUNE, 2009 P.C. 1. Plaintiffs granted a personal loan of Rs.1,00,000/- to the Defendants. The Plaintiffs have sued for recovery of that loan amount with interest. The receipt of the loan is admitted. Part payment is made. Defendant No.1 who is present in the Court instructs his Advocate to state that he shall make payment of the balance amount payable to the Plaintiffs of the principal as well as interest by making part payments henceforth. 2 2. Upon the payment of the grant of the personal loan the Summons for Judgment is made absolute as prayed. Suit is decreed accordingly. 2/3 rd refund of Court fees. 3. For computation of the decretal amount credit shall be given by the Plaintiffs for the payment of Rs.10,000/- each made on 25.01.2007, 27.01.2007 and 27.01.2007. 4. The Plaintiffs shall be entitled to recover the balance principal amount as well as the interest on the remaining principal amount after January, 2007 from the Defendants. 5. The Defendant No.1 offers to pay Rs.25,000/- within one week from today. If, such payment is made, Defendant No.1 shall be given credit to that extent from the balance amount payable. 6. The Defendant No.1 further agrees to pay the remaining balance amount within six months from today. The offer is noted. 7. The Defendants shall be entitled to make payment of the remainder of the amount in installments within six months. 8. The Plaintiffs shall be entitled to execute the decree, if such payments are not made. (SMT. ROSHAN DALVI, J.)