Case Summary
The Federal Bank Ltd has filed a suit against Shilpa Rajeshkumar and Rajeshkumar for the repayment of a loan amounting to Rs 3,92,287.65. The defendants failed to appear in court or respond, leading to a judgment in favor of the plaintiff.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Payment of Rs 3,92,287.65 with interest at 6% per annum
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The evidence of the plaintiff was taken in the absence of the defendants, which stood uncontested, proving the plaintiff's case.
The evidence of the plaintiff was taken in the absence of the defendants, which stood uncontested, proving the plaintiff's case.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendants are directed to pay to the plaintiff, an amount of 3,92,287.65/- (Rupees three lakhs ninety two thousand two hundred and eighty seven and sixty five paise only) with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation from the defendants or from assets of defendants.
Parties Involved
Plaintiffs
The Federal Bank Ltd (Age not specified years)
Pachalam Branch, Ground Floor, Mount Carmel Church Building, Chathiath Road, Pachalam, Ernakulam, Kerala, India- 682 012
Defendants
Shilpa Rajeshkumar (26 years)
Oliparambil House, Shanmughapuram, Pachalam – 682 012
Rajeshkumar (62 years)
Oliparambil House, Shanmughapuram, Pachalam – 682 012
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay a total amount of 3,92,287.65/- to the plaintiff.
Evidence:
The defendants owe a total amount of 3,92,287.65/- to the plaintiff.
Relief Type:
Interest
Outcome:
Granted
Description:
Interest at the rate of 6% per annum is to be paid from the date of the institution of the suit.
Evidence:
Fixing the rate of interest at 6% per annum (simple interest) as post suit interest will suffice interest of justice.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to the costs of the suit from the defendants.
Evidence:
The plaintiff is entitled to the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Agreement for Federal Special Vidya Loan Scheme
Submitted By:
Plaintiff
Relevance:
Document demonstrates the agreement between the plaintiff and defendants regarding the loan.
Reference:
Ext.A1
Document Type:
Agreement for Federal Special Vidya Loan Scheme
Submitted By:
Plaintiff
Relevance:
Document demonstrates the agreement between the plaintiff and defendants regarding the loan.
Reference:
Ext.A2
Document Type:
Agreement for Federal Special Vidya Loan Scheme
Submitted By:
Plaintiff
Relevance:
Document demonstrates the agreement between the plaintiff and defendants regarding the loan.
Reference:
Ext.A3
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document serves as a formal demand for repayment from the defendants.
Reference:
Ext.A4
Document Type:
Security Delivery Letter
Submitted By:
Plaintiff
Relevance:
Document relates to the security provided by the defendants against the loan.
Reference:
Ext.A5
Document Type:
True copy of legal notice
Submitted By:
Plaintiff
Relevance:
Document shows that the plaintiff issued a legal notice to the defendants regarding the loan repayment.
Reference:
Ext.A6
Document Type:
Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
Document provides proof of delivery of the legal notice to the defendants.
Reference:
Ext.A7
Document Type:
Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
Document provides proof of delivery of the legal notice to the defendants.
Reference:
Ext.A8
Document Type:
Computer print out of Statement of Account
Submitted By:
Plaintiff
Relevance:
Document details the financial transactions concerning the defendants' loan.
Reference:
Ext.A9
Document Type:
Computer print out of Statement of Account
Submitted By:
Plaintiff
Relevance:
Document details the financial transactions concerning the defendants' loan.
Reference:
Ext.A10
Document Type:
Computer print out of Manual Statement of Account
Submitted By:
Plaintiff
Relevance:
Document details the financial transactions concerning the defendants' loan.
Reference:
Ext.A11
Document Type:
Computer print out of Manual Statement of Account
Submitted By:
Plaintiff
Relevance:
Document details the financial transactions concerning the defendants' loan.
Reference:
Ext.A12