Case Summary
The Dhanlaxmi Bank Ltd. filed a suit against Girija R and Renjith M for recovery of a loan amount. The defendants failed to repay the borrowed amount despite repeated renewals and notices.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs.5,23,546.13/- with interest @12% per annum from the date of suit till the date of decree
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff established a clear case of loan default backed by documentation.
Plaintiff established a clear case of loan default backed by documentation.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendants shall pay Rs.5,23,546.13/- with interest @12% per annum...
Parties Involved
Plaintiffs
The Dhanlaxmi Bank Ltd. (Age not specified years)
M G Road Branch, Malankara Centre, Building No. 66/6600, Opposite to Shenoy’s Theatre, M G Road, Ernakulam, Kerala, Pin- 682035
Defendants
Girija R (45 years years)
Chammany Park, St. Xavier Church Road, Kaloor South, Kaloor Post, Ernakulam, Pin- 682017
Renjith M (53 years years)
Nilikkilethu, Prayar North, Puthupally Prayar Post, Alappuzha, Pin- 690547
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendants shall pay Rs.5,23,546.13/- with interest.
Evidence:
Defendants shall pay Rs.5,23,546.13/- (Rupees Five lakhs twenty three thousand five hundred and forty six and thirteen paise only) with interest @12% per annum from the date of suit till the date of decree and 6% from the date of decree till payment or realization, as the case may be, to the plaintiff.
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
Evidence:
Defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is also entitled to realize the costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Sanction intimation letter
Submitted By:
Plaintiff
Relevance:
Shows that the defendant availed cash credit for Rs.5,00,000/- with 12.80% interest per annum.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Indicates that the defendant executed a demand promissory note for Rs.5,00,000/-.
Reference:
Ext.A2
Document Type:
Other agreements
Submitted By:
Plaintiff
Relevance:
Agreements executed by the defendants in favor of plaintiff with respect to the loan amount.
Reference:
Exts.A4, A5, A6
Document Type:
Consent letter for renewal of limits
Submitted By:
Plaintiff
Relevance:
Shows that the defendant renewed the cash credit for Rs.5,00,000/- for working capital expenditure.
Reference:
Ext.A8
Document Type:
Acknowledgment of Liability
Submitted By:
Plaintiff
Relevance:
Acknowledgment of liability executed by the first defendant in favor of plaintiff bank.
Reference:
Ext.A11
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Shows that the defendant did not make repayments as agreed.
Reference:
Ext.A18
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Lawyer notice issued to defendants demanding the outstanding amount.
Reference:
Ext.A15