Case Summary
The plaintiff, The Federal Bank Ltd, is seeking to recover a loan amount from the defendants, who are co-obligants of the loan. The defendants failed to repay the loan despite repeated notices, leading to this suit for realization of the dues.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realise an amount of Rs.7,22,285.28/- with interest at the rate of 16% per annum from the date of the suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing them to recover the due amount along with interest and costs.
Why Plaintiff Won:
The evidence supports that the defendants are indebted to the plaintiff bank.
The evidence supports that the defendants are indebted to the plaintiff bank.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
The evidence clearly establishes that the defendants are indebted to the plaintiff bank. From the evidence of PW1 and Exts.A1 to A8, it is evident that the plaintiff is entitled to recover Rs.7,22,285.28/- from the defendants and their assets.
Judgment Evidence:
In the result, the suit is decreed with costs as follows:- The plaintiff is entitled to realise an amount of Rs.7,22,285.28/- with interest at the rate of 16% per annum from the date of the suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- The Federal Bank Ltd
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Mahi Mohan
- Party Age
- 31
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Siloshmon.A.
- Party Age
- 40
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Susamma Alosious
- Party Age
- 61
- Relation
- W/o
Plaintiffs Documents
Agreement for term loan, Promissory Note, Security Delivery Letter, Sole Proprietorship Declaration, Office copy of Lawyers Notice, Postal Receipts, Acknowledgment Cards, Statement of accounts
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- V.K.Kurian
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of Rs.7,22,285.28 with interest from the defendants.
Evidence:
The plaintiff is entitled to realize an amount of Rs.7,22,285.28/- (Rupees Seven Lakh Twenty Two Thousand Two Hundred and Eighty Five and Twenty Eight Paise only) with interest at the rate of 16% per annum from the date of the suit till the date of decree.
Documents & Evidence
Document Type:
Agreement for Term Loan
Submitted By:
Plaintiff
Relevance:
Executed and handed over as part of the loan agreement.
Reference:
Ext.A1
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
Executed as part of the loan agreement.
Reference:
Ext.A2
Document Type:
Security Delivery Letter
Submitted By:
Plaintiff
Relevance:
Executed as security for the loan on 31/03/2021.
Reference:
Ext.A3
Document Type:
Sole Proprietorship Declaration
Submitted By:
Plaintiff
Relevance:
Declaration by the 1st defendant provided as part of the documentation.
Reference:
Ext.A4
Document Type:
Office copy of Lawyers notice
Submitted By:
Plaintiff
Relevance:
Demand for repayment sent to the defendants.
Reference:
Ext.A5
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
Evidence of mailing the demand notice.
Reference:
Ext.A6
Document Type:
Acknowledgment Cards
Submitted By:
Plaintiff
Relevance:
Support for the notice sent to defendants.
Reference:
Ext.A7
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Detailing the outstanding amount due to the plaintiff.
Reference:
Ext.A8
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kollam
State
Kerala
Court Establishment
Munsiff Court Kollam
Common Reasons
Recovery of money
Case Code
Case between The Federal Bank Ltd et al vs Mahi Mohan et al regarding Realisation of Money
Case Code Year
Case between The Federal Bank Ltd et al vs Mahi Mohan et al regarding Realisation of Money