Case Summary
The Federal Bank Ltd. filed a suit against Sri. Arshad for the recovery of a loan amount due to non-repayment. The defendant pledged fake gold ornaments as security for the loan and failed to repay.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize Rs.1,18,244/- and interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unrebutted evidence established the plaintiff's case and the defendant's failure to repay the loan.
The unrebutted evidence established the plaintiff's case and the defendant's failure to repay the loan.
Judgment Evidence:
In the result, suit is decreed as follows: 1. Plaintiff is entitled to realize Rs.1,18,244/- (Rupees One Lakh Eighteen Thousand Two Hundred and Forty Four only) from the defendant and from his assets.
Parties Involved
Plaintiffs
The Federal Bank Ltd. (Age not specified years)
Aluva and branch at Ernakulam North, Ernakulam North P.O, Pin Code - 682 018, Ernakulam District
Defendants
Sri. Arshad (33 years)
House No. 676/1, Gali No.7, Fakharuddin Meerat, Utar Pradesh, Pin Code - 250 002
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize Rs.1,18,244 from the defendant.
Evidence:
In the result, suit is decreed as follows: 1. Plaintiff is entitled to realize Rs.1,18,244/- (Rupees One Lakh Eighteen Thousand Two Hundred and Forty Four only) from the defendant and from his assets.
Relief Type:
Interest
Outcome:
Granted
Description:
Interest at 12% per annum on the amount of Rs.1,18,244 from the date of suit till date of decree.
Evidence:
2. Plaintiff is entitled to realize interest @ 12% per annum for Rs.1,18,244/- (Rupees One Lakh Eighteen Thousand Two Hundred and Forty Four only) from the date of suit till date decree from the defendant and from his assets.
Relief Type:
Interest
Outcome:
Granted
Description:
Interest at 6% per annum on the amount of Rs.1,18,244 from the date of decree till date of realization.
Evidence:
3. Plaintiff is entitled to realize interest @6% per annum for Rs.1,18,244/- (Rupees One Lakh Eighteen Thousand Two Hundred and Forty Four only) from date of decree till date of realization from the defendant and from his assets.
Relief Type:
Other
Outcome:
Granted
Description:
Costs of the suit from the defendant.
Evidence:
4. Plaintiff is entitled to realize costs of the suit from defendant and from his assets.
Documents & Evidence
Document Type:
Original Loan Application - cum - Pledge Agreement
Submitted By:
Plaintiff
Relevance:
This document proves the defendant's loan application and pledge of ornaments.
Reference:
Ext.A1
Document Type:
Original Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document serves as a security for the loan granted to the defendant.
Reference:
Ext.A2
Document Type:
Print out of Statement of Account along with Certification
Submitted By:
Plaintiff
Relevance:
This shows the particulars of the loan availed by the defendant.
Reference:
Ext.A3
Document Type:
Copy of Lawyers Notice
Submitted By:
Plaintiff
Relevance:
This documents the legal notice sent to the defendant for repayment.
Reference:
Ext.A4
Document Type:
Original Postal receipt
Submitted By:
Plaintiff
Relevance:
This proves that the legal notice was sent to the defendant.
Reference:
Ext.A5