Case Summary
The plaintiff, The Federal Bank Ltd., filed a suit against the defendants ANIL. K. A and REMYA. C. K for the recovery of a housing loan amounting to ₹6,09,710. The defendants admitted to the loan and expressed readiness to repay within a year but sought to deny some penal interest charges.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of ₹6,09,710 with interest at 9.68% per annum
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in part, allowing the plaintiff to recover ₹6,09,710 with interest but denied penal interest due to RBI regulations. The defendants were given a year to repay the amount.
Why Plaintiff Won:
The defendants admitted to the plaint claim and were ready to repay the loan within a year.
The defendants admitted to the plaint claim and were ready to repay the loan within a year.
Losing Side's Weaknesses:
The defendants admitted to the plaint claim and were ready to repay the loan within a year.
The defendants admitted to the plaint claim and were ready to repay the loan within a year.
Supporting Evidence
Since, the defendants filed a conceding written statement stating that, they are ready to repay the loan amount within 1 year, the suit is decreed with costs.
Judgment Evidence:
In the result, the suit is decreed in part with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- THE FEDERAL BANK LTD.
- Party Role
- Defendant
- Party Name
- ANIL. K. A
- Party Age
- 46
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- REMYA. C. K
- Party Age
- 38
- Relation
- W/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. K. Manoj Kumar
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. P. Suresh Babu
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Partly Granted
Description:
The plaintiff is entitled to realize an amount of ₹ 6,09,710 with interest @ 9.68% per annum, from the date of suit till the date of realization.
Evidence:
Since, the defendants filed a conceding written statement stating that, they are ready to repay the loan amount within 1 year, the suit is decreed with costs.
Relief Type:
Recovery
Outcome:
Refused
Description:
Claim of penal interest of 2% is denied.
Evidence:
However, the claim of penal interest of 2% is denied as it is against RBI regulations.
Documents & Evidence
Case Classification
Case Type
Civil Suit
Category
Other Civil Cases
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Non-payment of rent
Case Code
Case between THE FEDERAL BANK LTD. vs ANIL. K. A et al regarding realization of money
Case Code Year
Case between THE FEDERAL BANK LTD. vs ANIL. K. A et al regarding realization of money