We have gone through the impugned oraer, with the assistance of learned counsel for the appellant and find no cause for interfering in the same. The said order, dated 25-5-1992 is eminently reasonable. The appellant-bank failed to bring on record the L. Rs, of the defendants Nos.3 and 5 despite repeated opportunities. Furthermore, even the costs of Rs:100 ordered to be paid, were not so paid. In these circumstances, the learned Banking Court was right in dismissing the suit filed by the appellant under Order IX, rule 8, C.P.C. However, learned counsel for the respondents points out that notwithstanding the aforesaid position if there was any principal amount outstanding, the respondents were prepared to make payment of the principal amount outstanding together with 5% of such amount. This, according to the respondents was their maximum liability as they were entitled to the benefit of a scheme of the Bank/ State Bank where under they would be absolved of liability on payment of the principal plus 5% of the same. In the circumstances, if there is any principal amount outstanding, the respondents shall be liable to pay the same plus 5% thereof.
2. This appeal is disposed of in the above terms. revisions by the competent authorities. Therefore, it is advisable to consult the official sources or legal professionals for the most up-to-date and accurate information.