Case Summary
The case involves The Federal Bank Ltd seeking recovery of an outstanding loan amount from the defendants, who had availed an education loan. The defendants have admitted the claim but indicate intentions to repay the amount pending work opportunities.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs.5,57,000/- with interest
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The defendants admitted the plaint claim, acknowledging the outstanding loan amount.
The defendants admitted the plaint claim, acknowledging the outstanding loan amount.
Judgment Evidence:
Since the defendants filed written statement admitting the plaint claim, and considering that no further issues remains to be adjudicated in this case, the suit is decreed as follows: The defendants shall pay Rs.5,57,000/- (Rupees Five lakhs Fifty Seven thousand only) to the plaintiff with interest of 12% per annum from the date of filing of this suit to the date of decree and thereafter 6% per annum till its realization.
Parties Involved
Plaintiffs
The Federal Bank Ltd (Age not specified years)
Thiruvankulam Branch, Issac's Building, Chottanikkara Road, Thiruvankulam P.O, Ernakulam 682 305
Defendants
Akhila M. S (27 years)
Mukkattuparambil House, Thiruvankulam P.O, Ernakulam-682305.
Sunilkumar M.T. (54 years)
Mukkattuparambil House, Thiruvankulam P.O, Ernakulam-682305.
Sudha V R (49 years)
Mukkattuparambil House, Thiruvankulam P.O, Ernakulam-682305
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff seeks recovery of the outstanding loan amount.
Evidence:
The suit is decreed as follows: (i) The defendants shall pay Rs.5,57,000/- (Rupees Five lakhs Fifty Seven thousand only) to the plaintiff with interest of 12% per annum from the date of filing of this suit to the date of decree and thereafter 6% per annum till its realization.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff entitled for costs of the suit.
Evidence:
(ii) The plaintiff is entitled for costs of the suit.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff entitled to refund of court fees.
Evidence:
(iii) The plaintiff is entitled to get refund of court fees, if any, as per law.
Documents & Evidence
Document Type:
Federal Special Vidya Loan Agreement
Submitted By:
Plaintiff
Relevance:
Document executed by defendants to agree to repay the education loan.
Reference:
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document ensuring repayment of the loan by defendants.
Reference:
Document Type:
Security Delivery Letter
Submitted By:
Plaintiff
Relevance:
Document executed by defendants to provide security for the loan repayment.
Reference:
Document Type:
Agreement under the Central Sector Scheme of Interest Subsidy
Submitted By:
Plaintiff
Relevance:
Document executed to avail interest subsidy on the education loan.
Reference:
Document Type:
Lawyer's Notice
Submitted By:
Plaintiff
Relevance:
Notice issued to defendants recalling the outstanding loan amount.
Reference: