Case Summary
ICICI Bank Ltd. filed a suit against Sooraj A.R and Saju Raj A.R for recovery of an outstanding loan amount. The defendants defaulted on their repayments, leading the plaintiff to seek legal redress.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff bank is allowed to recover Rs.5,68,162/- together with interest and costs from the defendants.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unrebated evidence of the plaintiff established the defendants' liability to repay the loan.
The unrebated evidence of the plaintiff established the defendants' liability to repay the loan.
Judgment Evidence:
In the result, suit is decreed as follows: A) The plaintiff bank is allowed to recover Rs.5,68,162/- together with interest at the rate of 9% per annum from the date of suit till the date of decree, and thereafter @ 6% per annum from the date of decree till entire realization in full from the defendants and their assets.
Parties Involved
Plaintiffs
ICICI Bank Ltd. (Age not specified years)
2nd Floor, Pushpamangalam Estates, Service Road, Edapally, Cochin 682024
Mr. Jijin A.M (33 years)
Defendants
Sooraj A.R (47 years)
Arkka Kadavil House, Chakkungal Road, Palarivattom P.O, Palarivattom SO, Ernakulam – 682025
Saju Raj A.R (40 years)
Arkka Kadavil House, Chakkungal Road, Palarivattom P.O, Palarivattom SO, Ernakulam – 682025
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff bank is allowed to recover Rs.5,68,162 together with interest.
Evidence:
The plaintiff bank is allowed to recover Rs.5,68,162 (Rupees Five lakhs Sixty Eight thousand One hundred and Sixty Two only) together with interest at the rate of 9% per annum from the date of suit till the date of decree.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff bank is entitled to get the costs of the suit from the defendants.
Evidence:
The plaintiff bank is also entitled to get the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Certified Copy of Power of Attorney
Submitted By:
Plaintiff
Relevance:
This document was marked as part of the evidence provided by the plaintiff.
Reference:
Ext.A1
Document Type:
Preliminary Credit Facility Application form
Submitted By:
Plaintiff
Relevance:
This document was marked as part of the evidence provided by the plaintiff.
Reference:
Ext.A2
Document Type:
Unattested deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
This document was marked as part of the evidence provided by the plaintiff.
Reference:
Ext.A3
Document Type:
Loan recall notice
Submitted By:
Plaintiff
Relevance:
This document was marked as part of the evidence provided by the plaintiff.
Reference:
Ext.A4
Document Type:
Loan Account Statement
Submitted By:
Plaintiff
Relevance:
This document was marked as part of the evidence provided by the plaintiff.
Reference:
Ext.A5