Case Summary
IDBI Bank Limited filed a suit against Ashraya Kerala JLG Unit No. 10 Nila and its members for the recovery of a loan amounting to Rs. 5,05,615 with interest. The defendants defaulted on the repayment of the loan taken for agricultural activities.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs. 5,05,615 along with interest at the rate of 11%.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established a case with unchallenged evidence and the defendants' default was evident.
The plaintiff established a case with unchallenged evidence and the defendants' default was evident.
Judgment Evidence:
In the result, suit is decreed as follows: Defendants shall pay Rs.5,05,615 along with interest @11% along with 2% penal interest per annum from 27.08.2022 till the date of decree.
Parties Involved
Plaintiffs
IDBI Bank Limited (Age not specified years)
IDBI Tower, WTC, Complex, Cuffe Parade, Mumbai, Pin – 400 005, Branch at Tripunithura, Ernakulam, Kerala, Pin – 682 301
Defendants
Ashraya Kerala JLG Unit No. 10 Nila (Age not specified years)
C/o Ashraya Kerala Charitable Society, Palluruthy, Ernakulam, Pin – 682 006
Binu Banu (24 years)
Arakkathazathu, Arakunnam, Ernakulam, Pin – 682 313
Geetha.P.T. (47 years)
Puthenparambil, Pazhgamthottam.P.O., Ernakulam, Pin – 683 565
Sujatha (46 years)
Mekkimugal, Mazhuvannoor, Ernakulam, Pin – 686 669
Thankamma (55 years)
Pashnikkulam, Pattimattom, Ernakulam, Pin – 683 562
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of Rs.5,05,615 along with interest from defendants.
Evidence:
Plaintiff has established a case and plaintiff is entitled to realize an amount of Rs.5,05,615 with interest from defendants.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is also entitled to realize the costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Executed between the plaintiff and defendant.
Reference:
Ext.A1
Document Type:
Letter of intent
Submitted By:
Plaintiff
Relevance:
Bearing reference number IBL/341/2016-17/184.
Reference:
Ext.A2
Document Type:
Interse agreement
Submitted By:
Plaintiff
Relevance:
Affecting the loan facility.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Along with certificate under bankers book evidence act for the period specified.
Reference:
Ext.A4
Document Type:
Loan recall notice
Submitted By:
Plaintiff
Relevance:
Issued to defendants for repayment of outstanding amount.
Reference:
Ext.A5