Case Summary
The plaintiff, IDBI Bank Ltd, is seeking recovery of a loan amount from the defendants, who are part of a Joint Liability Group that defaulted on their loan repayment. The loan was sanctioned to support the defendants' business activities, but they failed to repay the amount despite demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize a sum of Rs.4,24,201.62 with interest and costs from the defendants.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff successfully established the case based on the loan agreement and evidence of default.
The plaintiff successfully established the case based on the loan agreement and evidence of default.
Judgment Evidence:
In the result, suit is decreed as follows; 1. The plaintiff is entitled to realize a sum of Rs.4,24,201.62 from the defendants 1 to 4, 6 to 11 and from their assets.
Parties Involved
Plaintiffs
IDBI Bank Ltd (Age not specified years)
IDBI Tower, WTC, Complex, Cuffe Parade, Mumbai-400005
Defendants
Ashraya Kerala JLG Unit No. 8 Lakshmi (Age not specified years)
C/o. Ashraya Kerala Charitable Society, Palluruthy, Ernakulam-682006
Remya E. R (32 years)
Manimalakunnel, Alapuram Elanji, Ernakulam-686 665
Suja (37 years)
Putheyakulangara, Elanji Ernakulam-686 665
Ambika (45 years)
Poovathinkal, Mutholapuram Elanji, Ernakulam-686 665
Maneesh Scaria (26 years)
Perumpalliparayil House, Mutholapuram Elanji, Ernakulam-686665
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover a sum of Rs.4,24,201.62/- from the defendants.
Evidence:
In the result, suit is decreed as follows; The plaintiff is entitled to realize a sum of Rs.4,24,201.62/-(Rupees Four Lakh Twenty Four Thousand Two Hundred and One and Sixty Two Paise only) from the defendants 1 to 4, 6 to 11 and from their assets.
Relief Type:
Interest
Outcome:
Granted
Description:
The plaintiff is entitled to realize interest @ 12% per annum on the awarded sum from the date of suit till date of decree.
Evidence:
The plaintiff is entitled to realize interest @ 12 % per annum for Rs.4,24,201.62/-(Rupees Four Lakh Twenty Four Thousand Two Hundred and One and Sixty Two Paise only) from the date of suit till date decree from the defendants 1 to 4, 6 to 11 and from their assets.
Relief Type:
Interest
Outcome:
Granted
Description:
The plaintiff is entitled to realize further interest @ 6% per annum from the date of decree till realization.
Evidence:
The plaintiff is entitled to realize interest @ 6% per annum for Rs.4,24,201.62/-(Rupees Four Lakh Twenty Four Thousand Two Hundred and One and Sixty Two Paise only) from date of decree till date of realization from the defendants 1 to 4, 6 to 11 and from their assets.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff is entitled to recover costs of the suit from the defendants.
Evidence:
The plaintiff is entitled to realize costs of the suit from defendants 1 to 4, 6 to 11 and from their assets.
Documents & Evidence
Document Type:
Original Sanction letter
Submitted By:
Plaintiff
Relevance:
This document serves as evidence of the loan sanctioned to the defendants.
Reference:
Ext.A1
Document Type:
Original Inter-Se agreement
Submitted By:
Plaintiff
Relevance:
This document outlines the agreement among the defendants and their liability towards the loan.
Reference:
Ext.A2
Document Type:
Original loan agreement
Submitted By:
Plaintiff
Relevance:
This document details the loan terms including the amount, interest, and repayment schedule.
Reference:
Ext.A3
Document Type:
Recall Notice
Submitted By:
Plaintiff
Relevance:
This document indicates the plaintiff's attempt to recover the overdue loan amount.
Reference:
Ext.A4
Document Type:
Statement of account along with certification
Submitted By:
Plaintiff
Relevance:
This document provides a summary of the loan account and payment history.
Reference:
Ext.A5