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
The court ordered the defendants to pay Rs.5,57,000/- to the plaintiff along with interest. The case was decreed in favor of the plaintiff due to the defendants' admission of the loan.
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.
Losing Side's Weaknesses:
The defendants admitted the plaint claim, acknowledging the outstanding loan amount.
The defendants admitted the plaint claim, acknowledging the outstanding loan amount.
Supporting Evidence
The defendants admit that they had availed a loan and the same is still in dues as claimed by the plaintiff.
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
Parties
- Party Role
- Plaintiff
- Party Name
- The Federal Bank Ltd
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Akhila M. S
- Party Age
- 27
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Sunilkumar M.T.
- Party Age
- 54
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Sudha V R
- Party Age
- 49
- Relation
- W/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- M.S. Kiran
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Lisha William
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- E.K. Ramesh Kartha
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Rohith R. Kartha
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- P.S. Abdul Khadir
- Appearance Type
- Main Counsel
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:
Case Classification
Case Type
Civil Suit
Category
Other Civil Cases
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Non-payment of rent
Case Code
Case between The Federal Bank Ltd vs Akhila M. S, Sunilkumar M.T, Sudha V R regarding recovery of money
Case Code Year
Case between The Federal Bank Ltd vs Akhila M. S, Sunilkumar M.T, Sudha V R regarding recovery of money