Case Summary
Kerala Gramin Bank filed a suit against Sooraj.T. and Sukumaran.T. for realization of a loan amount after the defendants defaulted on their payments. The defendants admitted to the claim in their written statement, leading to the court's decision.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is allowed to realize an amount of Rs. 4,36,966/- with interest @ 11% per annum and the costs of the suit.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The defendants admitted the plaint claim in their written statement.
The defendants admitted the plaint claim in their written statement.
Judgment Evidence:
In the result, the suit is decreed as follows: I. Plaintiff is allowed to realize an amount of Rs. 4,36,966/- (Rupees Four Lakh Thirty Six Thousand Nine Hundred and Sixty Six only) with interest @ 11 % per annum from the date of suit till the date of the decree.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Defendants
Sooraj.T. (31 years years)
Thandassery House, Kallukadavu, Thalakkad amsom P.O.Mangattiri Tirur Taluk.
Sukumaran.T. (61 years years)
Thandassery House, Kallukadavu, Thalakkad amsom P.O.Mangattiri Tirur Taluk.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to realize an amount of Rs. 4,36,966/- with interest @ 11% per annum from the date of suit till the date of the decree.
Evidence:
In the result, the suit is decreed as follows: I.Plaintiff is allowed to realize an amount of Rs. 4,36,966/- (Rupees Four Lakh Thirty Six Thousand Nine Hundred and Sixty Six only) with interest @ 11 % per annum from the date of suit till the date of the decree.
Relief Type:
Recovery
Outcome:
Partly Granted
Description:
Defendants are permitted to pay the decree amount with an interest @ 6% per annum on the principal amount from the date of decree in installments within 1 year from today.
Evidence:
II.The defendants are permitted to pay the decree amount with an interest @ 6% per annum on the principal amount from the date of decree in installments within 1 year from today.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover the amount with interest @ 11% till its realization if defendants fail to pay the above amount within 1 year.
Evidence:
III.If the defendants failed to pay the above amount within 1 year as stipulated above, the plaintiff is at a liberty to recover the amount with interest @ 11% till its realization.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is also entitled to realize the costs of the suit from the defendants at confessional scale.
Evidence:
IV.Plaintiff is also entitled to realize the costs of the suit from the defendants at confessional scale.