Case Summary
The plaintiff, The Federal Bank Ltd, is seeking to recover an outstanding loan amount from the defendant, Mr. Nithin Anand. The defendant defaulted on the repayment of a personal loan taken from the plaintiff bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize a sum of Rs.2,44,888.73 and interest at the rate of 12% per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established its case with sufficient evidence and testimony.
The plaintiff established its case with sufficient evidence and testimony.
Judgment Evidence:
In the result, suit is decreed as follows. 1. Plaintiff is entitled to realize a sum of Rs.2,44,888.73 from the defendant and from his assets.
Parties Involved
Plaintiffs
The Federal Bank Ltd (Age not specified years)
Having its registered office at Alwaye and branch at Door No.S08, 2nd Floor, Lulu international Shopping Mall, Edappally, Ernakulam, Pin382 024
Defendants
Mr. Nithin Anand (32 years years)
Ayyambrath House, HMT Colony, Kalamassery, Ernakuklam District683 503
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize a sum from the defendant.
Evidence:
In the result, suit is decreed as follows. Plaintiff is entitled to realize a sum of Rs.2,44,888.73/.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff entitled to recover interest from the date of suit.
Evidence:
Plaintiff is entitled to realize interest @ 12% per annum for Rs.2,44,888.73/ from the date of suit till date decree.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff entitled to recover interest until realization.
Evidence:
Plaintiff is entitled to realize interest @ 6% per annum for Rs.2,44,888.73/ from date of decree till date of realization.
Relief Type:
Cost
Outcome:
Granted
Description:
Plaintiff entitled to recover costs of the suit.
Evidence:
Plaintiff is entitled to realize costs of the suit from defendant.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Establishes the loan agreement and terms accepted by the defendant.
Reference:
Ext.A1
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
Shows the notice issued to the defendant regarding the loan default.
Reference:
Ext.A2
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Confirms the receipt of the legal notice by the defendant.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Details the outstanding amount on the loan including penalties.
Reference:
Ext.A4
Document Type:
Interest Statement
Submitted By:
Plaintiff
Relevance:
Provides information on the rates of interest and penal interest due from the defendant.
Reference:
Exts.A6 and A7