Case Summary
The Federal Bank Ltd is suing Renjini R Nair for the recovery of a loan amount due from her. The defendant failed to repay the loan taken for her business, leading the plaintiff to initiate this lawsuit.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff’s firm was allowed to realize the plaint claim of ₹.7,51,357 and also to realize 9% interest from the date of the suit till realization.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of The Federal Bank Ltd, allowing them to recover the total amount due along with interest.
Why Plaintiff Won:
The plaintiff's bank presented unrebutted evidence supporting their claim.
The plaintiff's bank presented unrebutted evidence supporting their claim.
Losing Side's Weaknesses:
The plaintiff's bank presented unrebutted evidence supporting their claim.
The plaintiff's bank presented unrebutted evidence supporting their claim.
Supporting Evidence
From the unrebutted evidence adduced by plaintiff Bank, I hold that the plaintiff’s bank was entitled to the relief as prayed for.
Judgment Evidence:
In the result, the suit was decreed with costs as follows: The plaintiff’s firm was allowed to realize the plaint claim of ₹.7,51,357 and also to realize 9% interest from the defendant and her assets from the date of the suit ie, 06.06.2024 till realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- The Federal Bank Ltd
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Renjini R Nair
- Party Age
- 34
- Relation
- W/o
Plaintiffs Documents
Promissory Note, Security delivery letter, Cash credit loan agreement, Demand promissory note, Loan Agreement, Acknowledgment of debt, Copy of Lawyer's Notice.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- C J Jomi
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Jose Joseph
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff was entitled to realize the amount claimed.
Evidence:
I hold that the plaintiff’s bank was entitled to the relief as prayed for.
Relief Type:
Interest
Outcome:
Granted
Description:
The plaintiff was allowed to realize 9% interest from the date of the suit.
Evidence:
The plaintiff’s firm was allowed to realize 9% interest from the defendant and her assets from the date of the suit.
Documents & Evidence
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
Original promissory note dated 27.08.2019 securing the loan.
Reference:
Ext.A1
Document Type:
Security Delivery Letter
Submitted By:
Plaintiff
Relevance:
Security delivery letter dated 27.08.2019 related to the loan.
Reference:
Ext.A2
Document Type:
Cash credit loan agreement
Submitted By:
Plaintiff
Relevance:
Original cash credit loan agreement dated 27.08.2019.
Reference:
Ext.A3
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Original demand promissory note dated 28.08.2019 securing the second loan.
Reference:
Ext.A4
Document Type:
Security Delivery Letter
Submitted By:
Plaintiff
Relevance:
Security delivery letter dated 28.08.2019 related to the second loan.
Reference:
Ext.A5
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Original loan agreement dated 28.08.2019 for the second loan.
Reference:
Ext.A6
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Original loan agreement dated 23.06.2020 securing an emergency loan.
Reference:
Ext.A7
Document Type:
Re-scheduling/ restructuring loan agreement
Submitted By:
Plaintiff
Relevance:
Re-scheduling/restructuring loan agreement dated 29.06.2021.
Reference:
Ext.A8
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt dated 29.06.2021 from the defendant.
Reference:
Ext.A9
Document Type:
Copy of Lawyers Notice
Submitted By:
Plaintiff
Relevance:
Copy of the lawyer notice dated 21.02.2024 sent to the defendant.
Reference:
Ext.A10
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of account for loan account No.10135500004785.
Reference:
Ext.A12
Document Type:
Statement showing capitalized penal interest
Submitted By:
Plaintiff
Relevance:
Statement showing capitalized penal interest for loan account No.10135500004785.
Reference:
Ext.A13
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of account for loan account No.10136800002925.
Reference:
Ext.A14
Document Type:
Statement showing capitalized penal interest
Submitted By:
Plaintiff
Relevance:
Statement showing capitalized penal interest for loan account No.10136800002925.
Reference:
Ext.A15
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of account for loan account No.10136900003682.
Reference:
Ext.A16
Document Type:
Statement showing capitalized penal interest
Submitted By:
Plaintiff
Relevance:
Statement showing capitalized penal interest for loan account No.10136900003682.
Reference:
Ext.A17
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of account for loan account No.10136900003781.
Reference:
Ext.A18
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court Vaikom
Common Reasons
Recovery of money
Case Code
Case between The Federal Bank Ltd vs Renjini R Nair regarding realisation of money.
Case Code Year
Case between The Federal Bank Ltd vs Renjini R Nair regarding realisation of money.