Case Summary
The plaintiff, Kerala Gramin Bank, sued the defendants for the recovery of a loan amounting to Rs.3,10,012/- due to default in repayment. The defendants failed to appear in court and hence were set ex-parte.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs.3,10,012/- with interest at the rate of 11% per annum from the date of suit till realization and costs of the suit.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The court found that the plaintiff proved the case with credible evidence.
The court found that the plaintiff proved the case with credible evidence.
Judgment Evidence:
In the result, the suit is decreed as follows. I. Plaintiff is entitled to realise an amount of Rs.3,10,012/- (Rupees Three Lakh Ten Thousand and Twelve only), with interest at the rate of 11% per annum from the date of suit till realization.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Tirur Branch
Defendants
Khalidutty.C.P. (44 years)
Chekkinte Purakkal, Koottayi Town & Post.
Abdul Majeed.P.P. (55 years)
Pareechinte Purakkal, Koottayi Town & Post.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Recovery of Rs.3,10,012/- 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.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document showing the application made by the first defendant for the loan.
Reference:
Ext.A1
Document Type:
Deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Document evidencing the hypothecation of vehicles for the loan.
Reference:
Ext.A2
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Document detailing the guarantee provided by the defendants for the loan.
Reference:
Ext.A3
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
Document confirming the acknowledgment of debt by the first defendant.
Reference:
Ext.A4
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
Document confirming the acknowledgment of debt by the first defendant.
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Document showing the details of the loan transaction and outstanding amount.
Reference:
Ext.A6