Case Summary
The plaintiff, The Federal Bank Ltd, is claiming repayment of a personal loan from the defendant, Sri. Saidu Muhammad, who defaulted on repayments. The lawsuit arose due to the defendant's failure to repay the loan, leading to its classification as a Non-Performing Asset.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize Rs.2,98,313.49/- from the defendant and from his assets, including interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established their claim with unrebutted evidence proving the loan was not repaid.
The plaintiff established their claim with unrebutted evidence proving the loan was not repaid.
Judgment Evidence:
In the result, suit is decreed as follows. The plaintiff is entitled to realize Rs.2,98,313.49/- 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-682018
Defendants
Sri. Saidu Muhammad (33 years)
Padinjarethil House, Nellikkurussi, Mulanjoor P. O, Pin-679 511, Ottappalam, Palakkad District
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff granted the recovery of the outstanding loan amount.
Evidence:
The plaintiff is entitled to realize Rs.2,98,313.49/- from the defendant and from his assets.
Relief Type:
Interest
Outcome:
Partly Granted
Description:
Plaintiff granted interest on the outstanding amount at a reduced rate.
Evidence:
The plaintiff is entitled to realize interest @ 12% per annum for Rs.2,98,313.49/- from the date of suit till date of decree.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff granted interest on the outstanding amount from the date of decree.
Evidence:
The plaintiff is entitled to realize interest @ 6% per annum for Rs.2,98,313.49/- from date of decree till date of realization.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff granted recovery of the costs of the suit.
Evidence:
The plaintiff is entitled to realize costs of the suit from defendant and from his assets.
Documents & Evidence
Document Type:
Loan Sanction Printout
Submitted By:
Plaintiff
Relevance:
Establishes the loan sanctioned to the defendant.
Reference:
Ext.A1
Document Type:
Customer Details Printout
Submitted By:
Plaintiff
Relevance:
Provides details of the defendant related to the loan.
Reference:
Ext.A2
Document Type:
Lawyer's Notice
Submitted By:
Plaintiff
Relevance:
Notifies the defendant about the loan defaults.
Reference:
Ext.A3
Document Type:
Unreturned Cover
Submitted By:
Plaintiff
Relevance:
Indicates the delivery attempt of the notice to the defendant.
Reference:
Ext.A4
Document Type:
Loan Account Statement Printout
Submitted By:
Plaintiff
Relevance:
Confirms the outstanding amount owed by the defendant.
Reference:
Ext.A5
Document Type:
Oral Evidence
Submitted By:
Court
Relevance:
Supports the claims made by the plaintiff based on witness testimony.
Reference: