Case Summary
FEDERAL BANK NADAPURAM BRANCH is the plaintiff seeking the recovery of ₹ 4,10,935 from the defendant, SHARIN LAL, who defaulted on a personal loan. The defendant admitted the claim but requested time to repay.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of ₹ 4,10,935 with future interest @ 13.49% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff for realization of the loan amount, except the penal interest. The defendant was granted time to repay the decree amount.
Why Plaintiff Won:
The defendant admitted the claim and expressed readiness to repay.
The defendant admitted the claim and expressed readiness to repay.
Losing Side's Weaknesses:
The defendant admitted the claim and expressed readiness to repay.
The defendant admitted the claim and expressed readiness to repay.
Supporting Evidence
Since, the defendant filed a conceding written statement stating that, he is ready to pay the decree debt within 1 year, the suit is decreed.
Judgment Evidence:
In the result, the suit is decreed with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- FEDERAL BANK NADAPURAM BRANCH
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- SHARIN LAL
- Party Age
- 31
- Relation
- S/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Ramesan. K. K
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Haritha. O. P
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. E. V. Lijeesh
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of ₹ 4,10,935 with future interest @ 13.49% per annum.
Evidence:
the suit is decreed with costs.
Relief Type:
Other
Outcome:
Rejected
Description:
Claim of penal interest of 2% is denied.
Evidence:
the claim of penal interest of 2% is denied as it is against RBI regulations.
Documents & Evidence
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Recovery of money
Case Code
Case between FEDERAL BANK NADAPURAM BRANCH vs SHARIN LAL regarding realization of money.
Case Code Year
Case between FEDERAL BANK NADAPURAM BRANCH vs SHARIN LAL regarding realization of money.