Case Summary
Kerala Gramin Bank filed a suit against Abdul Nazer for the recovery of a loan amount due under the KCC scheme.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Repayment of loan amount with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed the defendant to pay the principal amount with interest to the plaintiff bank.
Why Plaintiff Won:
The defendant admitted to the suit claim leading to a decree in favor of the plaintiff.
The defendant admitted to the suit claim leading to a decree in favor of the plaintiff.
Losing Side's Weaknesses:
The defendant admitted to the suit claim leading to a decree in favor of the plaintiff.
The defendant admitted to the suit claim leading to a decree in favor of the plaintiff.
Supporting Evidence
Since the defendant admitted the suit claim, the plaintiff is entitled for a decree as prayed for.
Judgment Evidence:
In the result, the suit is decreed as follows: Defendant is directed to pay an amount of Rs.1, 74,049/- (Rupees One Lakh Seventy four thousand and forty nine only) with interest at the rate of 6% per annum on Rs. 1,64,042/- (Rupees One Lakhs sixty four thousand and forty two only) from the date of the suit till realization to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Relation
- Represented by its Manager
- Party Role
- Defendant
- Party Name
- Abdul Nazer
- Party Age
- 43
- Relation
- S/o Mohammed Haji
Plaintiffs Documents
Memorandum of Agreement, Statement of Accounts, Lawyer Notices
Defendants Documents
Acknowledgments of Debt and Security
Advocates
Reliefs
Relief Type:
Repayment of loan amount with interest
Outcome:
Granted
Description:
Defendant to pay Rs.1, 74,049/- with interest to the plaintiff.
Evidence:
Defendant is directed to pay an amount of Rs.1, 74,049/- with interest at the rate of 6% per annum on Rs. 1,64,042/- from the date of the suit till realization to the plaintiff.
Relief Type:
Costs of the suit
Outcome:
Granted
Description:
Defendant to pay costs of the suit to the plaintiff.
Evidence:
In the result, the suit is decreed as follows: Defendant is directed to pay costs of the suit to the plaintiff.
Documents & Evidence
Document Type:
Memorandum of Agreement
Submitted By:
Plaintiff
Relevance:
Provided terms of the loan agreement.
Reference:
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Evidence of the outstanding loan amount.
Reference:
Document Type:
Lawyer notices
Submitted By:
Plaintiff
Relevance:
Showed attempts by the plaintiff to seek repayment.
Reference:
Document Type:
Acknowledgments of Debt and Security
Submitted By:
Defendant
Relevance:
Defendant's written acknowledgment of the loan liability.
Reference:
Case Classification
Case Type
Civil Suit - Money Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Loan default
Case Code
Case between Kerala Gramin Bank vs Abdul Nazer regarding Loan Recovery
Case Code Year
Case between Kerala Gramin Bank vs Abdul Nazer regarding Loan Recovery