Case Summary
Kerala Gramin Bank filed a suit against Manikandan and Raman for defaulting on a loan of Rs.25,000. The court decreed in favor of the plaintiff for the recovery of the due amount with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of due amount with interest
Case Type
Civil Suit - Loan Recovery
Final Judgment
No
The court decreed in favor of the plaintiff, allowing them to recover the due amount of Rs.29,254 with interest from the defendants.
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
I find no reason to disbelieve PW.1. Therefore, I hold a view that the plaintiff has proved its case by documents produced in this case.
Judgment Evidence:
In the result, the suit is decreed as follows: Plaintiff is allowed to realise an amount of Rs.29,254/- (Rupees Twenty Nine Thousand and Two Hundred Fifty Four only) with interest at the rate of 13.5 % per annum from the date of suit till today...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- Manikandan
- Party Age
- 38
- Relation
- S/o Thami
- Party Role
- Defendant
- Party Name
- Raman
- Party Age
- 56
- Relation
- S/o Kumaran
Plaintiffs Documents
Application for Non Farm Sector Loans, Request for Over Draft facilities, Pronote for Rs.25,000, Take Delivery Letter to DPN, Agreement for Open Cash Credit/Retail Credit Card/Swarozgar Credit Card, Copy of Lawyer Notice, Statement of Account
Defendants Documents
Not mentioned
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. C.M. Venugopalan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. K. Sreekala
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. C. Nandakumar
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Recovery of due amount with interest
Evidence:
In the result, the suit is decreed as follows: Plaintiff is allowed to realise an amount of Rs.29,254/-...
Documents & Evidence
Document Type:
Application for Non Farm Sector Loans
Submitted By:
Plaintiff
Relevance:
Provided details of loan application by the plaintiff.
Reference:
Ext.A1
Document Type:
Request for Over Draft facilities
Submitted By:
Plaintiff
Relevance:
Request for overdraft facility submitted by the first defendant.
Reference:
Ext.A2
Document Type:
Pronote for Rs.25,000
Submitted By:
Plaintiff
Relevance:
Demand promissory note for the loan amount.
Reference:
Ext.A3
Document Type:
Take Delivery Letter to DPN
Submitted By:
Plaintiff
Relevance:
Document related to demand promissory note delivery.
Reference:
Ext.A4
Document Type:
Agreement for Open Cash Credit/Retail Credit Card/Swarozgar Credit Card
Submitted By:
Plaintiff
Relevance:
Agreement executed by the first defendant.
Reference:
Ext.A5
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Copied lawyer notice issued by the plaintiff to defendants.
Reference:
Ext.A6
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Document showing the due amount as on the date of the suit.
Reference:
Ext.A7
Case Classification
Case Type
Civil Suit - Loan Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Loan default
Case Code
Case between Kerala Gramin Bank vs Manikandan et al regarding loan default
Case Code Year
Case between Kerala Gramin Bank vs Manikandan et al regarding loan default