Case Summary
The plaintiff, Kerala Gramin Bank, is seeking repayment of a loan amount due from the defendants, M/s. Studio 4 and Sivakumar. The bank alleges that the defendants have defaulted on their loan repayments despite repeated reminders.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of Rs.9,22,887.83/- with interest at the rate of 8% per annum from the date of the suit till the date of decree and at the rate of 6% per annum from the date of decree till realization with costs.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing them to recover the owed amount with interest from the defendants.
Why Plaintiff Won:
The plaintiff succeeded in proving the case through sufficient evidence.
The plaintiff succeeded in proving the case through sufficient evidence.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
By producing Ext. A1 to A7 and by deposing in tune with the plaint averments in the affidavit, the plaintiff has succeeded in proving his case.
Judgment Evidence:
In the result, the suit is decreed as follows: The plaintiff is entitled to realise an amount of Rs.9,22,887.83/- with interest ...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- M/s. Studio 4
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Sivakumar
- Party Age
- 51
- Relation
- S/o
Plaintiffs Documents
Loan application dated 18/11/2017, Agreement for non-farm sector Term loans dated 31/03/2018, Acknowledgment of debt dated 28/08/2020, Office copy of Advocate notice dated 10/03/2023, Postal receipts dated 10/03/2023, Statement of accounts for the period from 01/01/1976 to 12/05/2023, Power of Attorney dated 01/04/2014.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Abdul Khalam
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Nazrin A Khalam
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Niveditha. P
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Jayasree.K
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of Rs.9,22,887.83 with interest and costs from the defendant.
Evidence:
Hence, the plaintiff is entitled to the relief as prayed for.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
This document is the application for the loan provided by the defendant to the plaintiff bank.
Reference:
Ext.A1
Document Type:
Agreement for non farm sector loans
Submitted By:
Plaintiff
Relevance:
This is the agreement concerning the business loan provided to the defendant.
Reference:
Ext.A2
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
This document shows the defendant acknowledging their debt to the bank.
Reference:
Ext.A3
Document Type:
Office copy of Advocate's notice
Submitted By:
Plaintiff
Relevance:
This is the notice sent to the defendant demanding repayment of the outstanding amount.
Reference:
Ext.A4
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
This document serves as evidence of the communication sent to the defendant.
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document details the financial transactions related to the loan account of the defendant.
Reference:
Ext.A6
Document Type:
Power of Attorney
Submitted By:
Plaintiff
Relevance:
This document grants authority to act on behalf of the plaintiff.
Reference:
Ext.A7
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kollam
State
Kerala
Court Establishment
Munsiff Court Kollam
Common Reasons
Non-payment of rent
Case Code
Case between Kerala Gramin Bank vs M/s. Studio 4 et al regarding realization of money
Case Code Year
Case between Kerala Gramin Bank vs M/s. Studio 4 et al regarding realization of money