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
Defendants are ordered to pay ₹ 1,43,157 with interest to the plaintiff.
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.
Losing Side's Weaknesses:
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.
Supporting Evidence
The plaintiff adduced unchallenged evidence supporting the loan transaction and the default by 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
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- Baburaj K.P.
- Party Age
- 44
- Relation
- S/o Chachunni
- Party Role
- Defendant
- Party Name
- Anil Kumar K.P.
- Party Age
- 34
- Relation
- S/o Chachunni
Plaintiffs Documents
20-02-2015 Loan Application, 20-02-2015 Agreement for MSME Working Capital Limits CC & OD, 20-02-2015 Demand Promissory Note for ₹ 1,00,000, 20-02-2015 Take Delivery Letter to Demand Promissory Note, 20-02-2015 Guarantee Agreement with Guarantee Covering Letter, 08-09-2017 Acknowledgment of Debt and Security, 27-02-2018 True Copy of Statement of Accounts
Defendants Documents
Advocates
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
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Non-payment of loan amount
Case Code
Case between Kerala Gramin Bank vs Baburaj K.P. et al regarding Realisation of Money
Case Code Year
Case between Kerala Gramin Bank vs Baburaj K.P. et al regarding Realisation of Money