Case Summary
The case involves IDBI Bank Ltd seeking repayment from Kudumbasree Div 9 NHG and its members for a defaulted loan. The court found the defendants failed to appear, leading to an ex-parte decision in favor of the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs.3,96,571.93/- along with interest at specified rates
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff successfully established the case with supporting evidence and testimonies.
The plaintiff successfully established the case with supporting evidence and testimonies.
Judgment Evidence:
In the result, suit is decreed as follows. Plaintiff is entitled to realize an amount of Rs.3,96,571.93/- from the defendants and from their assets.
Parties Involved
Plaintiffs
IDBI Bank Ltd (Age not specified years)
Mampilly Plaza, East Fort Junction, Hill Palace Road, Tripunithura, Emakulam, Kerala-682301
Defendants
Kudumbasree Div 9 NHG 30 ANGEL (Age not specified years)
C/o. CDS Kudumbasree, Kochi Corporation, Affiliation No: 412/4-682 001
Kappithan Parambil Santhyav Salomi (54 years)
1/11043, Panayappilly road, Mattancherry, Ernakulam, Kerala-682.002
Varna.P.P. (54 years)
Panthara Nikarthil, Palluruthy, Kerala 682 006
Heizal Baby (21 years)
10/684, Kallanchjerry House Amaravathy, Fortkochi, Ernakulam, Kerala-682001
Sunitha (32 years)
15/756, Kandathichira, Edakochi, Pambayimoola, Palluruthy, Ernakulam, Kerala-682002
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover an amount of Rs.3,96,571.93/- from the defendants.
Evidence:
In the result, suit is decreed as follows. Plaintiff is entitled to realize an amount of Rs.3,96,571.93/- from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest at 11% per annum from the date of suit till date of decree.
Evidence:
Plaintiff is entitled to realize interest @ 11% per annum for Rs.3,96,571.93/- from the date of suit till date decree.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest at 6% per annum from date of decree till date of realization.
Evidence:
Plaintiff is entitled to realize interest @ 6% per annum for Rs.3,96,571.93/- from date of decree till date of realization.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize costs of the suit from defendants.
Evidence:
Plaintiff is entitled to realize costs of the suit from defendants.
Documents & Evidence
Document Type:
Original loan agreement
Submitted By:
Plaintiff
Relevance:
This document establishes the terms of the loan provided by the plaintiff to the defendants.
Reference:
Ext.A1
Document Type:
Original Sanction letter
Submitted By:
Plaintiff
Relevance:
This document confirms the approval of the loan by the plaintiff.
Reference:
Ext.A2
Document Type:
Original Inter-Se agreement
Submitted By:
Plaintiff
Relevance:
This document binds all members of the Joint Liability Group to the loan repayment.
Reference:
Ext.A3
Document Type:
Account statement along with certification
Submitted By:
Plaintiff
Relevance:
This document provides the financial details related to the loan account during the specified period.
Reference:
Ext.A4
Document Type:
Copy of loan recall notice
Submitted By:
Plaintiff
Relevance:
This document details the formal demand for repayment issued to the defendants.
Reference:
Ext.A5
Document Type:
Original postal receipts
Submitted By:
Plaintiff
Relevance:
These documents serve as evidence of service of the loan recall notice.
Reference:
Ext.A6 series