Case Summary
The plaintiff, Kerala Gramin Bank, filed a suit against the defendants, Abdul Rasak and K.Nejmal Hussain, for the realisation of a loan amount due. The defendants failed to repay the loan, and the case seeks to recover the owed amount along with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realise an amount of Rs.1,34,880/- with interest at the rate of 14.50% per annum from the date of suit till realisation.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The evidence adduced by the plaintiff remained unchallenged since the defendants did not present a written statement.
The evidence adduced by the plaintiff remained unchallenged since the defendants did not present a written statement.
Judgment Evidence:
In the result, the suit is decreed as follows. I. Plaintiff is entitled to realise an amount of Rs.1,34,880/- (Rupees One Lakh Thirty Four Thousand Eight Hundred and Eighty only), with interest at the rate of 14.50% per annum from the date of suit till realisation.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Tanalur Branch
Defendants
Abdul Rasak (38 years)
Nelliyali House
K.Nejmal Hussain (54 years)
Kallingal House
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover an amount of Rs.1,34,880/- from the defendants.
Evidence:
Hence the plaintiff is entitled to a decree as prayed for.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff is entitled to realize costs of the suit from the defendants.
Evidence:
Plaintiff is entitled to realize costs of the suit from the defendant at confessional scale.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The document shows the request for a loan by the first defendant.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document evidences the loan obligation of the first defendant.
Reference:
Ext.A2
Document Type:
Take delivery letter to Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document supports the loan transaction.
Reference:
Ext.A3
Document Type:
Agreement for Retail Credit Card
Submitted By:
Plaintiff
Relevance:
This document relates to the retail credit agreement for the loan.
Reference:
Ext.A4
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
This document is a guarantee for the loan provided to the first defendant.
Reference:
Ext.A5
Document Type:
Acknowledgements of Debt and Security
Submitted By:
Plaintiff
Relevance:
This document shows the acknowledgment of the debt by the defendants.
Reference:
Ext.A6
Document Type:
Acknowledgements of Debt and Security
Submitted By:
Plaintiff
Relevance:
Additional acknowledgment of the debt related to the loan.
Reference:
Ext.A7
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This document evidences a formal notice regarding the loan default.
Reference:
Ext.A8
Document Type:
Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document details the transaction and outstanding amounts related to the loan.
Reference:
Ext.A9