Case Summary
The plaintiff, Kerala Gramin Bank, filed a suit against the defendants, Sidharath and Bhaskaran, for failure to repay an educational loan. The loan was taken for educational purposes, but the defendants did not adhere to the repayment terms.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are ordered to pay Rs 12,59,165/- with interest.
Case Type
Civil Suit
Final Judgment
No
The court ordered the defendants to pay the plaintiff a sum of Rs 12,59,165/- with interest for failing to repay the educational loan.
Why Plaintiff Won:
Defendants acknowledged the loan and failed to repay despite repeated notifications.
Defendants acknowledged the loan and failed to repay despite repeated notifications.
Losing Side's Weaknesses:
Defendants acknowledged the loan and failed to repay despite repeated notifications.
Defendants acknowledged the loan and failed to repay despite repeated notifications.
Supporting Evidence
The evidence substantiated that the defendants had executed the loan agreement and acknowledged the debt several times, acknowledging their liability.
Judgment Evidence:
In view of the finding on the first, second and third issues, it is hereby ordered that the defendants do pay to the plaintiff the sum of Rs 12,59,165/- (Rupees Twelve Lakhs Fifty Nine Thousand One Hundred and Sixty Five Only) with interest thereon at the rate of 9% per annum from the date of suit till this day and with interest thereon at the rate of 6% per annum from this day till the date of realisation of the said sum and do also pay the costs of the suit.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank, Unnikulam Branch
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Sidharath
- Party Age
- 29
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Bhaskaran
- Party Age
- 60
- Relation
- S/o
Plaintiffs Documents
Education Loan Agreement, Acknowledgment of debt, Lawyer Notice, Account Statement
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.Amal Krishnan.P
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Ordered defendants to pay the sum of Rs 12,59,165/- with interest and costs.
Evidence:
In view of the finding on the first, second and third issues, it is hereby ordered that the defendants do pay to the plaintiff the sum of Rs 12,59,165/- (Rupees Twelve Lakhs Fifty Nine Thousand One Hundred and Sixty Five Only) with interest thereon at the rate of 9% per annum from the date of suit till this day.
Documents & Evidence
Document Type:
Education Loan Agreement
Submitted By:
Plaintiff
Relevance:
Proves that the first and second defendants availed a loan for a sum of Rs 3,73,000/- from the plaintiff bank.
Reference:
Ext.A1
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment by the defendants of loan amount sanctioned on 3/11/2011.
Reference:
Ext.A2
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of outstanding amount of Rs 4,94,457/- from the defendants.
Reference:
Ext.A3
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of outstanding amount of Rs 6,13,314/- from the defendants.
Reference:
Ext.A4
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of outstanding amount of Rs 8,93,276.37/- from the defendants.
Reference:
Ext.A5
Document Type:
Account Statement
Submitted By:
Plaintiff
Relevance:
Shows the sum of Rs.12,59,165/- due from the defendants as on 19/1/2024.
Reference:
Ext.A10
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