Case Summary
IDBI Bank Limited filed a suit against Kudumbashree Div 5 NHG 50 Alif and its members for recovery of a loan amount due to default in repayment. The defendants availed a loan of Rs.10,00,000 but failed to repay, leading to the suit.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay Rs.6,00,161.98 with interest and costs.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established a case for recovery of the loan with evidence of default.
The plaintiff established a case for recovery of the loan with evidence of default.
Judgment Evidence:
In the result, suit is decreed as follows: Defendants shall pay Rs.6,00,161.98/- ... to plaintiff.
Parties Involved
Plaintiffs
IDBI Bank Limited (Age not specified years)
Mampilly Plaza, East Fort Junction, Hill Palace Road, Tripunithura, Ernakulam- 682301
Defendants
Kudumbashree Div 5 NHG 50 Alif (Age not specified years)
C/o CDS Kudumbashree, Civil Station, Collectorate, Ernakulam- 682030
Kudumbashree Div 5 NHG 50 Alif (Age not specified years)
C/o CDS Kudumbashree, Kochi Corporation
Thansi C S (33 years)
C/o Bijumon M A, 6/828, Lobo Junction, Mattancherry, Ernakulam- 682002
Sajida Aslam (41 years)
5/332 L, Valiyamaloth Parambu, Mattancherry, Ernakulam- 682002
Koulath (34 years)
5/1222, Kaniyam Thuruthy Parambu, Palace Road, Mattancherry, Ernakulam- 682002
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff's request to recover Rs.6,00,161.98/- along with interest.
Evidence:
Plaintiff has established a case and plaintiff is entitled to realize an amount of Rs.6,00,161.98/- with interest from defendants.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff entitled to realize costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Letter of intent
Submitted By:
Plaintiff
Relevance:
Document evidencing the loan sanctioned to the defendants.
Reference:
Ext.A1
Document Type:
Inter-se Agreement
Submitted By:
Plaintiff
Relevance:
Agreement executed by the members of the Self Help Group regarding the loan.
Reference:
Ext.A2
Document Type:
Articles of Loan Agreement
Submitted By:
Plaintiff
Relevance:
Documents outlining the terms of the loan granted to the defendants.
Reference:
Ext.A3
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Promissory note signed by the defendants agreeing to repay the loan.
Reference:
Ext.A4
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice issued to the defendants requesting repayment of the outstanding loan.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Account statement showing defendants' loan repayment status and NPA declaration.
Reference:
Ext.A6