Case Summary
This suit involves Indian Overseas Bank and a contractor named Rocky P L. The bank is seeking the realization of a loan amount with interest from the defendant.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff. Defendant directed to pay the outstanding amount with interest.
Why Plaintiff Won:
Losing Side's Weaknesses:
Supporting Evidence
Judgment Evidence:
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Indian Overseas Bank
- Party Age
- 36
- Relation
- W/o Kannan Sidharthan
- Party Role
- Defendant
- Party Name
- Rocky P L
- Party Age
- 40
- Relation
- S/o P P Lawrence
Plaintiffs Documents
Original Credit Sanction advice dated 10.03.16, Original agreement of term loan and hypothecation dated 11.03.16, Demand Promissory note dated 11.03.16, Letter of Undertaking dated 11.03.16, Revival Letters dated 31.07.18 and 18.04.21, Legal notice dated 31.01.24, Postal receipt with postal tracking, Printout of account statement along with certificate under the Bankers Book Evidence Act
Defendants Documents
Advocates
Reliefs
Relief Type:
Damages
Outcome:
Granted
Description:
Realization of outstanding loan amount with interest
Evidence:
Defendant to pay Rs.1,75,261.55/- with interest
Documents & Evidence
Document Type:
Original Credit Sanction advice
Submitted By:
Plaintiff
Relevance:
Plaintiff established loan terms and conditions
Reference:
Ext.A1
Document Type:
Original agreement of term loan and hypothecation
Submitted By:
Plaintiff
Relevance:
Terms of loan agreement and security
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document of repayment obligation
Reference:
Ext.A3
Document Type:
Letter of undertaking
Submitted By:
Plaintiff
Relevance:
Undertaking to repay loan
Reference:
Ext.A4
Document Type:
Revival Letter
Submitted By:
Plaintiff
Relevance:
Reactivation of loan facility
Reference:
Ext.A5 to A6
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
Notice for outstanding amount
Reference:
Ext.A7
Document Type:
Postal receipt with postal tracking
Submitted By:
Plaintiff
Relevance:
Proof of notice delivery
Reference:
Ext.A8
Document Type:
Printout of account statement along with certificate under the Bankers Book Evidence Act
Submitted By:
Plaintiff
Relevance:
Evidence of loan account statement
Reference:
Ext.A9
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Money and Loan Recovery
Case Code
Case between Indian Overseas Bank vs Rocky P L regarding Suit for realization of money
Case Code Year
Case between Indian Overseas Bank vs Rocky P L regarding Suit for realization of money