SARFUDDLN ANSARI Vs. STATE BANK OF INDIA RANCHI

JUDGEMENT

(1.) State Bank of India. Upper Bazar Branch, Kutehery Road. Ranchi, filed Mortgage Suit No. 331 of 1985 for grant of mortgage decree.

(2.) Sirajuddin Ansari, sole proprietor of M/s. Sabina Bricks applied for sanction of cash-credit loan facility for his Small Scale Unit, which was sanctioned by the Bank on 30/11/1981 to the limit of Rs. 70,000.00.

(3.) Sarfuddin Ansari and Safaur Ansari were the guarantors for the aforesaid loan advance and had also mortgaged their 3.15 acres land, detailed in Schedule 'A' to the plaint.