Case Summary
The plaintiff, IDBI Bank Limited, is seeking repayment of a loan amount of Rs. 8,64,390.54 from the defendants, who are members of a Joint Liability Group. The defendants have defaulted on the loan repayment despite a recall notice being issued.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize Rs. 8,64,390.54 with interest from the defendants
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established the loan agreement and the defendants' joint liability.
The plaintiff established the loan agreement and the defendants' joint liability.
Judgment Evidence:
In the result, suit is decreed as follows. Plaintiff is entitled to realize Rs. 8,64,390.54 from the defendants and from their assets.
Parties Involved
Plaintiffs
IDBI Bank Limited (Age not specified years)
IDBI Tower, WTC, Complex, Cuffe Parade, Mumbai-400005
Defendants
KUDUMBASREE DIV 18 NHG 18 SHANKUPUSHPAM (Age not specified years)
C/o CDS Kudumbasree, Kochi Corporation, Affliation No.412/04-682001
Agnes P.M. (46 years)
18/1551, Nalukandathil, Konam Road, Palluruthy, Ernakulam-682006
Cicily N C (39 years)
20/1394 C, Kannampally House, VVLP School Road, Konam, Palluruthy, Ernakulam-682006
Dhanuja Subhash (58 years)
18/1851, Thundiyil, Kannambally Lane Konam, Palluruthy, Ernakulam-682006
Sheela (44 years)
Valel, Balelparambu, Palluruthy, Ernakulam-682006
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize Rs. 8,64,390.54 from the defendants and from their assets.
Evidence:
In the result, suit is decreed as follows. 1. Plaintiff is entitled to realize Rs. 8,64,390.54 (Rupees Eight Lakhs Sixty Four Thousand Three Hundred Ninety and Fifty Four paise) from the defendants and from their assets.
Relief Type:
Injunction
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest @ 11% per annum for Rs. 8,64,390.54 from the date of suit till date decree from the defendants and from their assets.
Evidence:
2. Plaintiff is entitled to realize interest @ 11% per annum for Rs. 8,64,390.54 (Rupees Eight Lakhs Sixty Four Thousand Three Hundred Ninety and Fifty Four paise) from the date of suit till date decree from the defendants and from their assets.
Relief Type:
Injunction
Outcome:
Granted
Description:
Plaintiffs are entitled to realize interest @ 6% per annum for Rs. 8,64,390.54 from date of decree till date of realization from the defendants and from their assets.
Evidence:
3. Plaintiffs are entitled to realize interest @ 6% per annum for Rs. 8,64,390.54 (Rupees Eight Lakhs Sixty Four Thousand Three Hundred Ninety and Fifty Four paise) from date of decree till date of realization from the defendants and from their assets.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiffs are entitled to realize costs of the suit from defendants and from their assets.
Evidence:
4. Plaintiffs are entitled to realize costs of the suit from defendants and from their assets.
Documents & Evidence
Document Type:
Account Statement
Submitted By:
Plaintiff
Relevance:
This document is a true copy of the account statement dated 16.05.2022 produced along with the certification under the Bankers Books Evidence Act.
Reference:
Ext.A4
Document Type:
Recall Notice
Submitted By:
Plaintiff
Relevance:
This document is a true copy of the recall notice dated 25.05.2022 issued to the defendants.
Reference:
Ext.A5
Document Type:
Oral Evidence
Submitted By:
Unknown
Relevance:
The oral testimony of PW1 was mentioned as unchallenged and contributed to the court's conclusion.
Reference: