Case Summary
The case involves KERALA GRAMIN BANK and the defendants ANJANA CHANDRAN and CHANDRAN regarding the recovery of an educational loan amount. The defendants defaulted on the loan repayment, leading the bank to file the suit for the recovery of the owed amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of 9,30,825 ₹ (Rupees Nine Lakhs Thirty Thousand Eight Hundred and Twenty Five Only) with future interest @ 14.25% per annum.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed with costs in favor of the KERALA GRAMIN BANK, allowing them to recover the loan amount along with future interest. The demand for penal interest was denied.
Why Plaintiff Won:
The defendants filed a conceding written statement agreeing to clear the decree debt within 6 months.
The defendants filed a conceding written statement agreeing to clear the decree debt within 6 months.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
Since, the defendants filed a conceding written statement stating that, they are ready to clear off the decree debt within 6 months, the suit is hereby decreed.
Judgment Evidence:
In the result, the suit is decreed with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- KERALA GRAMIN BANK
- Party Role
- Defendant
- Party Name
- ANJANA CHANDRAN
- Party Age
- 30
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- CHANDRAN
- Party Age
- 60
- Relation
- S/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.P. Anoop
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Amaya
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. Abdul Raoof
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. Pradeepan. U. V
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff bank is entitled to realize an amount of 9,30,825 ₹ with future interest @ 14.25% per annum, from the date of suit till the date of realization.
Evidence:
Hence, the suit is decreed with costs.
Documents & Evidence
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Non-payment of Loan
Case Code
Case between KERALA GRAMIN BANK vs ANJANA CHANDRAN et al regarding realization of money.
Case Code Year
Case between KERALA GRAMIN BANK vs ANJANA CHANDRAN et al regarding realization of money.