Case Summary
The Federal Bank Ltd. filed a suit against Jasna Joseph and Rosamma for the recovery of a loan amount due to default in repayment. The defendants had taken an education loan, but failed to clear the dues despite notices from the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of ₹ 4,80,228/- with future interest @ 14.30% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing recovery of the loan amount along with interest.
Why Plaintiff Won:
The claim of the plaintiff bank to realize the amount from the defendants stands undisputed and unchallenged.
The claim of the plaintiff bank to realize the amount from the defendants stands undisputed and unchallenged.
Losing Side's Weaknesses:
The claim of the plaintiff bank to realize the amount from the defendants stands undisputed and unchallenged.
The claim of the plaintiff bank to realize the amount from the defendants stands undisputed and unchallenged.
Supporting Evidence
The claim of the plaintiff bank to realize the amount from the defendants stands undisputed and unchallenged.
Judgment Evidence:
In the result, the suit is decreed with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- THE FEDERAL BANK LTD.
- Party Role
- Defendant
- Party Name
- JASNA JOSEPH
- Party Age
- 26
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- ROSAMMA
- Party Age
- 56
- Relation
- W/o
Plaintiffs Documents
Photocopy of loan application, Loan sanction letter, Promissory Note, Security Delivery Letter, Agreement for Federal Special Vidya Loan Scheme, Acknowledgment of Debt and Security, Copy of Lawyer Notice, Unclaimed Cover, Statement of Account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. K. Manoj Kumar
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. Akhilesh. P. T
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of ₹ 4,80,228/- from the defendants with future interest.
Evidence:
The suit is decreed with costs as follows:- The plaintiff is entitled to realize an amount of ₹ 4,80,228/- (Rupees Four Lakhs Eighty Thousand Two Hundred and Twenty Eight only) from the defendants with future interest @ 14.30% per annum, from the date of suit till the date of realization.
Relief Type:
Claim for Penal Interest
Outcome:
Refused
Description:
The claim of penal interest is denied.
Evidence:
However, the claim of penal interest is denied.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Photocopy of loan application submitted by Jasna Joseph before Federal Bank, Thottilpalam Branch.
Reference:
Ext.A1
Document Type:
Loan Sanction Letter
Submitted By:
Plaintiff
Relevance:
Loan sanction letter issued by Federal Bank to Jasna Joseph.
Reference:
Ext.A2
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
Promissory Note executed by defendants in favour of the Plaintiff Bank.
Reference:
Ext.A3
Document Type:
Security Delivery Letter
Submitted By:
Plaintiff
Relevance:
Security Delivery Letter issued by defendants to the Federal Bank Ltd.
Reference:
Ext.A4
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Agreement for Federal Special Vidya Loan Scheme executed by defendant in favour of Plaintiff Bank.
Reference:
Ext.A5
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Acknowledgment of Debt and Security issued by defendants to plaintiff bank.
Reference:
Ext.A6
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Copy of Lawyer Notice sent by Adv. P. K. Manojkumar to defendants.
Reference:
Ext.A7
Document Type:
Unclaimed Cover
Submitted By:
Plaintiff
Relevance:
Unclaimed Cover.
Reference:
Ext.A8
Document Type:
Unclaimed Cover
Submitted By:
Plaintiff
Relevance:
Unclaimed Cover.
Reference:
Ext.A9
Document Type:
Unclaimed Cover
Submitted By:
Plaintiff
Relevance:
Unclaimed Cover.
Reference:
Ext.A10
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of Account of Jasna Joseph (A/c No. 11727200003445) issued by Federal Bank, Thottilpalam Branch.
Reference:
Ext.A11
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Non-payment of Loan
Case Code
Case between THE FEDERAL BANK LTD. vs JASNA JOSEPH et al regarding realization of money.
Case Code Year
Case between THE FEDERAL BANK LTD. vs JASNA JOSEPH et al regarding realization of money.