Case Summary
The case involves IDBI Bank Limited suing a joint liability group including several defendants for failing to repay a loan of Rs. 10,00,000. The defendants, including others, were absent from court proceedings leading to a default judgment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff bank is allowed to recover Rs. 6,53,050.16 along with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff's claims were substantiated by evidence presented in court.
The plaintiff's claims were substantiated by evidence presented in court.
Judgment Evidence:
In the result, suit is decreed as follows: The plaintiff bank is allowed to recover Rs.6,53,050.16 together with interest at the rate of 9% per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
IDBI Bank Limited (Age not specified years)
IDBI Tower, WTC, Complex, Cuffe Parade, Mumbai 400005
Defendants
Kudumbasree Div 18 NHG 105 Sneham (Age not specified years)
C/o. CDS Kudumbasree, Kochi Corporation
Prabhavthi (56 years)
16/1165, Kolothu, Konam Road, Perumbadappu, Ernakulam 682006
Rajalakshmi (53 years)
16/236, Vadakkeparambil House, Veliyathara, Narayanan Road, Perumbadappu, Ernakulam 682006
Selvi.S.Raj (27 years)
16/1111. Apathusseri, Sanathana Road, Palluruthy, Ernakulam 682006
Pushpi Antony (53 years)
18/1780, Kollassery House, Konam Road, Palluruthy, Ernakulam 682006
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff bank is allowed to recover Rs.6,53,050.16 together with interest.
Evidence:
The plaintiff bank is allowed to recover Rs.6,53,050.16 (Rupees Six lakhs Fifty Three thousand Fifty and paise Sixteen only) 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.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff bank is also 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:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Articles of loan agreement for financing self help group.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
True copy of Sanction letter.
Reference:
Ext.A2
Document Type:
Inter-se Agreement
Submitted By:
Plaintiff
Relevance:
Inter-se agreement executed by the defendants.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Computer printout of statement of account for the period 23.08.2018 to 31.12.2020.
Reference:
Ext.A4
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Office copy of the lawyer notice issued to the defendants.
Reference:
Ext.A5