Quick Summary: A legal battle over a loan of Rs. 6,50,000 ends with the court siding with the lender, T V V Siva Ratna Prasad, against the borrower, Sagarapu Jyothi Padma. The case involved claims of forgery and issues about where the case should be heard, but ultimately resulted in a decision for the lender.
In 2008, Sagarapu Jyothi Padma went to T V V Siva Ratna Prasad in Hyderabad to borrow money to pay off her late father's debt. Prasad gave her Rs. 6,50,000, and Padma signed a paper promising to pay it back with interest.
"The lender gave Rs.6,50,000/- to the borrower, and she signed a note promising to pay it back."
Padma said she didn't know Prasad and that the promise to pay was fake. She argued that she never borrowed the money and that the court in Hyderabad wasn't the right place to handle the case.
"The note is completely fake, and the signatures on it are not hers."
Prasad brought in people, including Y. Veera Swamy, to support his side. The court looked at the promise to pay and listened to what people said to decide if the loan was real.
"The Trial Court, after looking at the evidence and listening to both sides, decided the case for Rs.8,83,350/-."
Justice B.R. Madhusudhan Rao agreed with the first court's decision, saying the promise to pay was real and the case was filed on time. The court dismissed Padma's claims about the fake document and where the case should be handled.
"The Trial Court understood the facts of the case correctly by considering the evidence presented."
The appeal was dismissed, and the court ordered Padma to pay the amount with interest, supporting the lender's claim.
"The person appealing didn't provide enough reasons to change the decision... so it was dismissed."
This case shows how complicated loan arguments can be and why it's important to have clear paperwork and trustworthy evidence in court.
