Case Summary
The Kerala Gramin Bank filed a suit against Vishnu Valsan and Valsalan.N.N. for the recovery of a loan amounting to Rs.1,85,139.84, which includes overdue interest. The defendants failed to repay the loan and did not respond to the notice issued by the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realisation of Rs.1,85,139/- along with 9% interest from the date of the suit.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed allowing the plaintiff's bank to recover the loan amount along with interest. The court found that the plaintiff was entitled to the relief as prayed for.
Why Plaintiff Won:
The plaintiff's bank was entitled to the relief based on the evidence provided and the terms of the loan agreement.
The plaintiff's bank was entitled to the relief based on the evidence provided and the terms of the loan agreement.
Losing Side's Weaknesses:
The plaintiff's bank was entitled to the relief based on the evidence provided and the terms of the loan agreement.
The plaintiff's bank was entitled to the relief based on the evidence provided and the terms of the loan agreement.
Supporting Evidence
From the unrebutted evidence adduced by plaintiff, I hold that the plaintiff’s bank is entitled to the relief as prayed for.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff’s bank is allowed to realise the plaint claim of Rs.1,85,139/- (One Lakhs Eighty Five Thousand One Hundred and Thirty Nine) and also to realise 9% interest on the principal amount of Rs.80,000/- (Eighty Thousand) from the defendants and their assets from the date of the suit ie, 13.12.2023 till realisation.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Relation
- represented by its Manager
- Party Role
- Defendant
- Party Name
- Vishnu Valsan
- Party Age
- 25
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Valsalan.N.N.
- Party Age
- 50
- Relation
- S/o
Plaintiffs Documents
Original agreement for educational loans, Acknowledgment of debt and security of Borrowers, Office copy of Lawyers notice, Statement of account No.59015318000116.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Joji Alex
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff’s bank is allowed to realise the claim of Rs.1,85,139/- along with interest from the defendants.
Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff’s bank is allowed to realise the plaint claim of Rs.1,85,139/- (One Lakhs Eighty Five Thousand One Hundred and Thirty Nine) and also to realise 9% interest on the principal amount of Rs.80,000/- (Eighty Thousand) from the defendants and their assets from the date of the suit ie, 13.12.2023 till realisation.
Documents & Evidence
Document Type:
Original agreement for Educational loan
Submitted By:
Plaintiff
Relevance:
This document is the loan agreement executed by the defendants for receiving the education loan.
Reference:
Ext.A1
Document Type:
Original Acknowledgment of debt and security of Borrowers
Submitted By:
Plaintiff
Relevance:
This document acknowledges the debt and security of the borrowers as of the specified date.
Reference:
Ext.A2
Document Type:
Original Acknowledgment of debt and security of Borrowers
Submitted By:
Plaintiff
Relevance:
This document reaffirms the acknowledgment of debt and security on the specified date.
Reference:
Ext.A3
Document Type:
Office copy of Lawyers notice
Submitted By:
Plaintiff
Relevance:
This document is the legal notice issued by the plaintiff demanding repayment of the loan amount.
Reference:
Ext.A4
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
This document is an acknowledgment card related to the loan agreement.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document provides a statement of account detailing the loan transactions from the start date to the specified date.
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court Vaikom
Common Reasons
Non-payment of rent
Case Code
Case between Kerala Gramin Bank et al vs Vishnu Valsan et al regarding realisation of money.
Case Code Year
Case between Kerala Gramin Bank et al vs Vishnu Valsan et al regarding realisation of money.