Case Summary
The Federal Bank Ltd. filed a suit against Sajeevan and Rema N for the recovery of a housing loan amount that remains unpaid. The defendants defaulted on their repayment obligations, leading to the bank seeking legal remedy.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realise an amount of Rs. 8,19,192.50 together with interest at the rate of 6% per annum from the date of suit till the date of realization.
Case Type
Civil Suit
Final Judgment
No
The court decreed in favor of The Federal Bank Ltd. allowing them to recover the outstanding amount from the defendants. The judgment grants the plaintiff the right to realize the debt along with interest.
Why Plaintiff Won:
The plaintiff successfully proved the case with sufficient documentation and evidence.
The plaintiff successfully proved the case with sufficient documentation and evidence.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
Moreover, there is no evidence to rebut the evidence adduced on the side of the plaintiff. The suit is filed within the limitation period also.
Judgment Evidence:
In the result, suit is decreed as follows:- The plaintiff is entitled to realise an amount of Rs. 8,19,192.50/- together with interest at the rate of 6% per annum from the date of suit till the date of realization from the defendants and their assets, with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- The Federal bank Ltd.
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Sajeevan
- Party Age
- 56
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Rema N
- Party Age
- 52
- Relation
- W/o
Plaintiffs Documents
Federal Housing Scheme Agreement, letter of confirmation of mortgage, statement of account for the period from 17-05-2006 to 28-02-2023
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- K.G.Baiju
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Santhosh K.S
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- G.Gopakumar
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Chithra.B
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Gokul P.Raj
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the amount due along with interest.
Evidence:
Hence, the plaintiff is entitled to the relief as prayed for.
Documents & Evidence
Document Type:
Federal Housing Scheme Agreement
Submitted By:
Plaintiff
Relevance:
This document establishes the loan agreement between the plaintiff and defendants.
Reference:
Ext.A1
Document Type:
Letter of Confirmation of Mortgage
Submitted By:
Plaintiff
Relevance:
This document confirms the mortgage taken by the defendants.
Reference:
Ext.A2
Document Type:
Letter of Confirmation of Mortgage executed by defendant
Submitted By:
Plaintiff
Relevance:
This document is a confirmation letter executed by the defendants regarding the mortgage.
Reference:
Ext.A3
Document Type:
Original Sale Deed
Submitted By:
Plaintiff
Relevance:
These documents are original sale deeds used as part of the security for the loan.
Reference:
Ext.A4 and A5
Document Type:
Office copy of Advocate notice
Submitted By:
Plaintiff
Relevance:
This document is the advocate notice sent to the defendants regarding the loan default.
Reference:
Ext.A6
Document Type:
Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
This document serves as proof of dispatch of the advocate notice.
Reference:
Ext.A7
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document details the loan repayment status and outstanding dues.
Reference:
Ext.A8
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kollam
State
Kerala
Court Establishment
Munsiff Court Kollam
Common Reasons
Case Code
Case between The Federal bank Ltd. vs Sajeevan et al regarding realization of money
Case Code Year
Case between The Federal bank Ltd. vs Sajeevan et al regarding realization of money