Case Summary
The plaintiff, Kerala Gramin Bank, seeks to recover an amount from the defendants, Rageesh.T.M and Rajan, due to default in repayment of a loan taken for educational purposes. The defendants admitted the claim in their written statement.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay Rs.14,08,732/- with interest at the rate of 16.25% per annum until realization.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, directing the defendants to pay the amount due along with interest.
Why Plaintiff Won:
The plaint claim stands proved due to the defendants' admission.
The plaint claim stands proved due to the defendants' admission.
Losing Side's Weaknesses:
The plaint claim stands proved due to the defendants' admission.
The plaint claim stands proved due to the defendants' admission.
Supporting Evidence
In the light of admission of defendants regarding the plaint claim, it is found that the plaint claim stands proved and the plaintiff is entitled to a decree as prayed for.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: 1) The defendants are directed to pay to the plaintiff, an amount of Rs.14,08,732/- with interest at the rate of 16.25% per annum from the date of institution of the suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank, Arikkulam Branch
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Rageesh.T.M
- Party Age
- 32
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Rajan
- Party Age
- 58
- Relation
- S/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Anil.G
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. K.B.Vijayanandan
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. S. Sunil Mohan
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay to the plaintiff, an amount of Rs.14,08,732/- with interest.
Evidence:
In the light of admission of defendants regarding the plaint claim, it is found that the plaint claim stands proved and the plaintiff is entitled to a decree as prayed for.
Documents & Evidence
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Commercial Court, Koyilandy
Common Reasons
Non-payment of rent
Case Code
C.S.
Case Code Year
2024