Case Summary
This case involves Kerala Gramin Bank filing a suit against Abdul Samad for the recovery of a loan amount. The defendant defaulted on repayments and the bank seeks to realize the owed money.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is allowed to realize an amount of Rs. 76,588/- with interest @ 12% per annum from the date of suit till realization.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided sufficient evidence of the loan agreement and defaults in payment.
The plaintiff provided sufficient evidence of the loan agreement and defaults in payment.
Judgment Evidence:
In the result, the suit is decreed as follows I.Plaintiff is allowed to realize an amount of Rs. 76,588/- (Rupees Seventy Six Thousand Five Hundred and Eighty Eight only) with interest @ 12 % per annum from the date of suit till the realization. II.Plaintiff is also entitled to realize the costs of the suit from the defendant at confessional scale.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
By its Manager, Chamravattom Branch
Defendants
Abdul Samad (56 years years)
Pullath House,Thriprangode amsom & Post, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to realize the amount due with interest.
Evidence:
Therefore, I am satisfied that the plaintiff has proved his case by adducing cogent and reliable evidence. Hence the plaintiff is entitled to a decree as prayed for.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit from the defendant.
Evidence:
Plaintiff is also entitled to realize the costs of the suit from the defendant at confessional scale.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The defendant applied for a loan facility.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
The loan was sanctioned by the plaintiff bank.
Reference:
Ext.A2
Document Type:
Memorandum of agreement for agricultural loans
Submitted By:
Plaintiff
Relevance:
The defendant executed an agreement regarding the loan.
Reference:
Ext.A3
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
The defendant acknowledged the debt.
Reference:
Ext.A4
Document Type:
Copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
A notice was sent to the defendant regarding the dues.
Reference:
Ext.A5
Document Type:
Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Details of the loan transaction were provided.
Reference:
Ext.A6