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
The suit is decreed in favor of the plaintiff, allowing them to recover the debt with interest from the defendants due to their default in repayment.
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.
Losing Side's Weaknesses:
The court found that the plaintiff proved the case with credible evidence.
The court found that the plaintiff proved the case with credible evidence.
Supporting Evidence
I find no reason to disbelieve PW.1. Therefore, I am satisfied that the plaintiff has proved his case by adducing cogent and reliable 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
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- Khalidutty.C.P.
- Party Age
- 44
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Abdul Majeed.P.P.
- Party Age
- 55
- Relation
- S/o
Plaintiffs Documents
Loan application dated 14-07-2014, Deed of Hypothecation Regarding Vehicles dated 14-07-2014, Guarantee Agreement dated 14-07-2014, Acknowledgement of Debt and Security dated 09.08.2016, Acknowledgement of Debt and Security dated 14.06.2018, Copy of statement of accounts showing the details of the loan transaction.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. C.M.Venugopalan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Sreekala.K.
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Femya.T.P
- Appearance Type
- Assisting Counsel
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
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
Recovery of money
Case Code
Case between Kerala Gramin Bank vs Khalidutty.C.P. et al regarding a loan default
Case Code Year
Case between Kerala Gramin Bank vs Khalidutty.C.P. et al regarding a loan default