I C 642/18
AI generated
Court orders bank to sue borrower for loan default and allows installment payment plan.
Legislator summary
AI generatedThe court ruled in favor of the bank, ordering the defendant to pay the outstanding loan balance, contractual interest, and procedural costs. Although the defendant admitted the debt, the court recognized his inability to pay the full amount immediately due to job loss and other financial obligations. Consequently, the judgment was modified to allow the debt to be repaid in monthly installments under Article 320 of the Civil Procedure Code.
Legislator headnote
AI generatedArt. 320 k.p.c.; Art. 98 k.p.c.; In cases of financial hardship, a court may order the repayment of a judgment debt in installments to ensure the enforceability of the decision.
Keywords
AI generated
loan default
installment payment
civil procedure code
financial hardship
judgment enforcement
contractual interest
procedural costs
Cited Legislation
AI generatedArt. 320 k.p.c.
Art. 98 k.p.c.
art. 320 k.p.c
art. 98 k.p.c
Related Decisions
AI generatedII C 1319/16
Court awards bank loan repayment and interest after defendant admits debt in civil suit.
I C 424/17
Court orders loan repayment with contractual and statutory interest despite defendant's financial hardship plea.
I C 155/16
Bank dismissed for failing to prove specific costs and interest calculations in loan default suit.
I C 1214/18
Bank wins default judgment for loan breach; court rejects borrower's 3-month delay termination argument.