Case Summary
The plaintiff is Kerala Gramin Bank represented by its manager. The case involves a loan of Rs. 4,00,000 availed by the defendants for educational purposes, with a significant amount due as of early 2019.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
An amount of Rs.9,21,722 with interest at the rate of 14.25% per annum from the date of institution of the suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, granting an order for the defendants to pay Rs. 9,21,722 with interest. The plaintiff is also entitled to the costs of the suit.
Why Plaintiff Won:
The plaint claim stands proved as the second defendant admitted to the loan availed from the plaintiff bank.
The plaint claim stands proved as the second defendant admitted to the loan availed from the plaintiff bank.
Losing Side's Weaknesses:
The plaint claim stands proved as the second defendant admitted to the loan availed from the plaintiff bank.
The plaint claim stands proved as the second defendant admitted to the loan availed from the plaintiff bank.
Supporting Evidence
The plaint claim is admitted in the written statement. Second defendant is the only defendant appearing in the suit. In the light of admission of D2 regarding the plaint claim, it is found that the plaint claim stands proved.
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.9,21,722/- (Rupees nine lakh twenty one thousand seven hundred and twenty two only) with interest at the rate of 14.25% per annum from the date of institution of the suit till the date of decree, and thereafter with interest at the rate of 6% per annum to the principal amount.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- Govindan
- Party Age
- 57
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Anju Anvi. K.G
- Party Age
- 29
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Premalatha
- Party Age
- 57
- Relation
- W/o Late Govindan
- Party Role
- Defendant
- Party Name
- Ahana. K,.G
- Party Age
- 34
- Relation
- D/o Late Govindan
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P.P. Sasidharan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. R.B. Prasheed
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. K. Babu
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay to the plaintiff, an amount of Rs.9,21,722/- with interest.
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.9,21,722/- (Rupees nine lakh twenty one thousand seven hundred and twenty two only) with interest at the rate of 14.25% per annum from the date of institution of the suit till the date of decree.
Documents & Evidence
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Commercial Court, Koyilandy
Common Reasons
Recovery of money
Case Code
C.S.
Case Code Year
2022