Case Summary
This case involves Kerala Gramin Bank suing Baburaj K.P. and Anil Kumar K.P. regarding the recovery of ₹ 1,43,157 with interest. Defendants defaulted on paying monthly installments on a loan amounting to ₹ 1,00,000.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided evidence of the loan transaction and the default by the defendants.
The plaintiff provided evidence of the loan transaction and the default by the defendants.
Judgment Evidence:
Suit is decreed as follows: Defendant is directed to pay ₹ 1,43,157 with interest @ 14% to the plaintiff. Plaintiff is entitled to realize costs from the defendant.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Defendants
Baburaj K.P. (44 Years years)
Kotheri Parambil, K.M. House, Kottakkal, Puthur amsom, Tirur Taluk
Anil Kumar K.P. (34 Years years)
Kotheri Parambil, K.M. House, Kottakkal, Puthur amsom, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff directed to pay ₹ 1,43,157/- with interest @ 14% per annum
Evidence:
Plaintiff adduced evidence remained unchallenged
Relief Type:
Costs
Outcome:
Unknown
Description:
Plaintiff entitled to realize costs of the suit from the defendant
Evidence:
Not specified
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Loan application dated 20-02-2015
Reference:
Ext.A1
Document Type:
Agreement for MSME Working Capital Limits CC & OD
Submitted By:
Plaintiff
Relevance:
Agreement dated 20-02-2015
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Demand Promissory Note for ₹ 1,00,000/-
Reference:
Ext.A3
Document Type:
Take delivery letter to Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Take Delivery Letter dated 20-02-2015
Reference:
Ext.A4
Document Type:
Guarantee Agreement with Guarantee Covering Letter
Submitted By:
Plaintiff
Relevance:
Agreement dated 20-02-2015
Reference:
Ext.A5
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Acknowledgment dated 08-09-2017
Reference:
Ext.A6
Document Type:
True Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Statement showing due amount and transaction details
Reference:
Ext.A7