This judgement came in a case filed by Mr. Mallick, a retired employee of the Rail Coach Factory, Mancheswar, and currently a pensioner maintaining a bank account with the State Bank of India (SBI). His monthly pension is around Rs 35,000, and it is his main source of income. Mallick acted as a guarantor for his wife’s transport vehicle loans and signed Guarantee Agreements to that effect. She had taken out several loans from the bank, including two transport vehicle loans for Rs 5.9 lakh and Rs 8 lakh, as ...