Case Summary
ICICI Bank Ltd. is suing Ramshad R. for defaulting on a vehicle loan. The court found that the defendant failed to repay the loan amount despite several demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant is directed to pay ₹7,66,067 with interest.
Case Type
Civil Suit
Final Judgment
No
The court decreed that Ramshad R. is required to pay ₹7,66,067 with interest to ICICI Bank Ltd. for his default on the vehicle loan.
Why Plaintiff Won:
Plaintiff proved that the defendant availed the loan and failed to repay it.
Plaintiff proved that the defendant availed the loan and failed to repay it.
Losing Side's Weaknesses:
Plaintiff proved that the defendant availed the loan and failed to repay it.
Plaintiff proved that the defendant availed the loan and failed to repay it.
Supporting Evidence
Thus the plaintiff is unchallenged found to have proved the case.
Judgment Evidence:
In the result, the suit is decreed as follows ; 1) Defendant is directed to pay ₹7,66,067/- (Rupees Seven Lakh Sixty Six Thousand and Sixty Seven only) with 11.01% of interest per annum upon the principal amount...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- ICICI Bank Ltd.
- Relation
- represented by its Power of Attorney Holder Nikhil Nair R.
- Party Role
- Defendant
- Party Name
- Ramshad R.
- Party Age
- 24
- Relation
- S/o
Plaintiffs Documents
Power of Attorney, Preliminary Credit Facility Application form, Copy of unattested Deed of hypothecation, Copy of Loan recall notice, Copy of Account Statement
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- B.S. Suresh Kumar
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- George V. Thomas
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant is directed to pay ₹7,66,067/- with interest.
Evidence:
Defendant is directed to pay ₹7,66,067/- (Rupees Seven Lakh Sixty Six Thousand and Sixty Seven only) with 11.01% of interest per annum upon the principal amount.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realise costs of the suit from the defendant.
Evidence:
Plaintiff is entitled to realise costs of the suit from the defendant.
Documents & Evidence
Document Type:
Power of Attorney
Submitted By:
Plaintiff
Relevance:
This document authorized PW1 to represent the plaintiff bank.
Reference:
Ext.A1
Document Type:
Preliminary Credit Application Form
Submitted By:
Plaintiff
Relevance:
This form was submitted by the defendant to apply for a vehicle loan.
Reference:
Ext.A2
Document Type:
Unattested deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
This document outlines the hypothecation agreement for the loan.
Reference:
Ext.A3
Document Type:
Loan recall notice
Submitted By:
Plaintiff
Relevance:
This notice was sent to the defendant demanding the outstanding loan amount.
Reference:
Ext.A4
Document Type:
Account Statement
Submitted By:
Plaintiff
Relevance:
This statement shows the outstanding amount due from the defendant to the plaintiff bank.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court, Kottayam
Common Reasons
Case Code
Case between ICICI Bank Ltd. vs Ramshad R. regarding Suit for money.
Case Code Year
Case between ICICI Bank Ltd. vs Ramshad R. regarding Suit for money.