Case Summary
The case involves Kerala Gramin Bank as the plaintiff and K.P.Velayudhan and others as defendants regarding a loan default. The defendants availed a loan and have failed to repay it, prompting the bank to seek a decree for the recovery of the owed amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is allowed to realize an amount of Rs. 58,144/- with interest @ 11% per annum and the costs of the suit.
Case Type
Original Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved the case by providing credible evidence, which the defendants did not contest.
The plaintiff proved the case by providing credible evidence, which the defendants did not contest.
Judgment Evidence:
In the result, the suit is decreed as follows: I. Plaintiff is allowed to realize an amount of Rs. 58,144/- (Rupees Fifty Eight Thousand One Hundred and Forty Four only) with interest @ 11% per annum from the date of suit till the realization.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Tanalur Branch
Defendants
K.P.Velayudhan (53 years)
Kodiyeripadi House, Ozhur amsom & Post, Tirur Taluk
K.P.Krishnan (41 years)
Kodiyeripadi House, Ozhur amsom & Post, Tirur Taluk
K.P.Surendran (48 years)
Kodiyeripadi House, Ozhur amsom & Post, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to realize an amount of Rs. 58,144/- 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.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit from the defendants.
Evidence:
Plaintiff is also entitled to realize the costs of the suit from the defendants at confessional scale.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The defendants applied for a loan of Rs.25,000/-.
Reference:
Ext.A1
Document Type:
Memorandum of agreement for agricultural loans
Submitted By:
Plaintiff
Relevance:
This document details the agreement for the loan execution by the defendants.
Reference:
Ext.A2
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
This document confirms the defendants' acknowledgment of the debt.
Reference:
Ext.A3
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
This document serves as additional acknowledgment of the debt.
Reference:
Ext.A4
Document Type:
Copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
This notice was sent to the defendants regarding the loan.
Reference:
Ext.A5
Document Type:
Copy of statement of accounts showing the details of the loan transaction
Submitted By:
Plaintiff
Relevance:
This document indicates the outstanding amount due from the defendants.
Reference:
Ext.A6