Case Summary
The plaintiff, Federal Bank Ltd, filed a suit against Mr. Mohammed Salman for the recovery of a car loan amounting to Rs. 17,28,887.50. The defendant defaulted on the repayment despite multiple requests.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant is directed to pay an amount of Rs.17,28,887.50 and interest at the rate of 6% per annum from the date of the suit.
Case Type
Commercial Suit
Final Judgment
No
The court granted a decree in favor of Federal Bank Ltd, directing Mr. Mohammed Salman to repay the outstanding loan amount along with interest.
Why Plaintiff Won:
The plaintiff provided unchallenged evidence of the loan agreement and the outstanding amount.
The plaintiff provided unchallenged evidence of the loan agreement and the outstanding amount.
Losing Side's Weaknesses:
The plaintiff provided unchallenged evidence of the loan agreement and the outstanding amount.
The plaintiff provided unchallenged evidence of the loan agreement and the outstanding amount.
Supporting Evidence
The unchallenged oral testimony of PW1 coupled with documents Exts. A1 and A2 very well shows that the defendant failed to repay the outstanding amount with interest to plaintiff.
Judgment Evidence:
In the result, the suit is decreed as follows: Defendant is directed to pay an amount of Rs.17,28,887.50/- (Rupees seventeen lakh twenty eight thousand eight hundred and eighty seven and fifty paise only) to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Federal Bank Ltd
- Relation
- represented by its Branch Head, Sri. Dino C.P
- Party Role
- Defendant
- Party Name
- Mr. Mohammed Salman
- Party Age
- 28
- Relation
- S/o. Saleena K
Plaintiffs Documents
Agreement for Federal Personal car Loan dated 23.10.2019, True extract of statement of Accounts dated 29.02.2024
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. K. Madhumohan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri.Unnikrishnan Puthalath
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant is directed to pay an amount of Rs.17,28,887.50/- to the plaintiff.
Evidence:
Accordingly, the suit is liable to be decreed directing the defendant to pay the outstanding amount.
Relief Type:
Interest
Outcome:
Granted
Description:
The plaintiff will be entitled for interest at the rate of 6% per annum from the date of the suit till realisation of the decree.
Evidence:
The plaintiff will be entitled for interest at the rate of 6% per annum from the date of the suit till realisation of the decree.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff will be entitled for costs of the suit.
Evidence:
The plaintiff will be entitled for costs of the suit.
Documents & Evidence
Document Type:
Agreement for Federal Personal Car Loan
Submitted By:
Plaintiff
Relevance:
The agreement executed by the defendant for the car loan which establishes the basis of the plaintiff's claim.
Reference:
Ext.A1
Document Type:
True extract of statement of Accounts
Submitted By:
Plaintiff
Relevance:
The statement of account for the loan period that details the outstanding amount due from the defendant.
Reference:
Ext.A2
Document Type:
Oral Evidence
Submitted By:
Court
Relevance:
The unchallenged oral testimony of PW1 that corroborates the plaintiff's claims regarding the loan and the defendant's default.
Reference:
Case Classification
Case Type
Commercial Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Commercial Court Kozhikode
Common Reasons
Recovery of money
Case Code
Case between Federal Bank Ltd vs Mr. Mohammed Salman regarding realisation of loan amount
Case Code Year
Case between Federal Bank Ltd vs Mr. Mohammed Salman regarding realisation of loan amount