Case Summary
Dhanalaxmi Bank Limited filed a suit against Thaslim Nazrin V M and her parents for the recovery of an education loan amount. The defendants defaulted on the loan payments despite repeated reminders and the case ultimately sought to recover the outstanding amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs.5,34,286/- with interest
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, ordering the defendants to repay the outstanding loan amount with interest. The defendants will also be personally liable for the debt.
Why Plaintiff Won:
Plaintiff established a case based on the executed loan agreement and default by the defendants.
Plaintiff established a case based on the executed loan agreement and default by the defendants.
Losing Side's Weaknesses:
Plaintiff established a case based on the executed loan agreement and default by the defendants.
Plaintiff established a case based on the executed loan agreement and default by the defendants.
Supporting Evidence
The loan agreement and documentation were unchallenged, and evidence supported the plaintiff's claims.
Judgment Evidence:
In the result, suit is decreed as follows: Defendants shall pay Rs.5,34,286/- (Rupees Five lakhs thirty four thousand two hundred and eighty six only) with interest @12.75% per annum from the date of suit till the date of decree...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Dhanalaxmi Bank Limited
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Thaslim Nazrin V M
- Party Age
- 28
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- V Mohammed Afzal
- Party Age
- 56
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Khadeeja V A
- Party Age
- 49
- Relation
- W/o
Plaintiffs Documents
True copy of Loan application, True copy of the Loan agreement, True copy of the Demand promissory note, among others.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- A Balagopalan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Rajagopalan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- M N Manmadan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sojo J Kallidukkil
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Prabhu Muralikrishna
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover the amount due from the defendants.
Evidence:
I am of the view that plaintiff has established a case and plaintiff is entitled to realize an amount of Rs.5,34,286/- with interest from defendants.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff is entitled to interest at the rate of 12.75% per annum from the date of suit till the date of decree.
Evidence:
Plaintiff is entitled for interest at the rate of @12.75% from the date of suit till the date of decree.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff is entitled to 6% interest from the date of decree till payment or realization.
Evidence:
Interest at the rate of 6% from the date of decree till payment or realization, as the case may be, from defendants.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Submitted as part of the evidence for the loan granted.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Document evidencing the terms of the loan agreement.
Reference:
Ext.A2
Document Type:
Sanction note
Submitted By:
Plaintiff
Relevance:
Detailing the sanction of the loan to the defendants.
Reference:
Ext.A3
Document Type:
Credit sanction intimation letter
Submitted By:
Plaintiff
Relevance:
Informing the defendants of the credit sanction.
Reference:
Ext.A4
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document confirming the defendants' promise to pay back the loan.
Reference:
Ext.A5
Document Type:
Demand promissory note take delivery letter
Submitted By:
Plaintiff
Relevance:
Providing acknowledgment of the promissory note.
Reference:
Ext.A6
Document Type:
Declaration cum undertaking (for Education loan)
Submitted By:
Plaintiff
Relevance:
Acknowledgment of liability by the defendants.
Reference:
Ext.A7
Document Type:
Letter of acknowledging the liability
Submitted By:
Plaintiff
Relevance:
First letter from the defendants acknowledging their debt.
Reference:
Ext.A8
Document Type:
Letter acknowledging the liability
Submitted By:
Plaintiff
Relevance:
Second letter from the defendants acknowledging their debt.
Reference:
Ext.A9
Document Type:
Mandate in the event of default
Submitted By:
Plaintiff
Relevance:
Mandate executed by the co-applicants regarding loan defaults.
Reference:
Ext.A10
Document Type:
Demand Notice
Submitted By:
Plaintiff
Relevance:
Registered demand notice to the defendants regarding payment default.
Reference:
Ext.A11
Document Type:
Demand Notice
Submitted By:
Plaintiff
Relevance:
Another registered demand notice indicating loan payment issues.
Reference:
Ext.A12
Document Type:
Loan recall notice
Submitted By:
Plaintiff
Relevance:
Notice declaring the entire outstanding debt due to non-payment.
Reference:
Ext.A13
Document Type:
Certificate statement of accounts
Submitted By:
Plaintiff
Relevance:
Providing a summary of the outstanding loan account.
Reference:
Ext.A14
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Recovery of money
Case Code
Case between Dhanalaxmi Bank Limited vs Thaslim Nazrin V M et al regarding realization of money
Case Code Year
Case between Dhanalaxmi Bank Limited vs Thaslim Nazrin V M et al regarding realization of money