Case Summary
Kerala Gramin Bank filed a suit against M/s.A.K.Ruchikkootu and its proprietor Murukesan for the realisation of a loan amount due to default in repayment. The defendants did not appear in court and the plaintiff provided evidence to support the claim.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of Rs.3,75,402.69 with interest at the rate of 6% per annum along with penal interest.
Case Type
Civil Suit
Final Judgment
No
The suit was decreed in favor of the plaintiff for the realization of the loan amount with interest. The court granted the plaintiff the right to recover the amount from the defendants.
Why Plaintiff Won:
The plaintiff provided sufficient evidence showing that the defendants were indebted to the plaintiff bank.
The plaintiff provided sufficient evidence showing that the defendants were indebted to the plaintiff bank.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
The oral as well as documentary evidence adduced from the side of plaintiff bank clearly established that the defendants are indebted to the plaintiff bank.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff is entitled to realise an amount of Rs.3,75,402.69 with interest at the rate of 6% per annum along with penal interest from the defendants.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- M/s.A.K.Ruchikkootu
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Murukesan
- Party Age
- 35
- Relation
- S/o Achuthan
Plaintiffs Documents
Copy of Power of Attorney, Loan Application dated 28/12/2021, Loan Sanction Communication, Agreement for non farm sector term loans, Demand Notice dated 12/10/2023, Postal receipts, Statement of accounts.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- A.Abdul Khalam
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Nivedita
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Jayasree.K
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Aadithya Lekshmi.P
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Nazrine A.Khalam
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Recovery of the loan amount due from the defendants.
Evidence:
The plaintiff is entitled to realise an amount of Rs.3,75,402.69/- (Rupees Three Lakh Seventy Five Thousand Four Hundred and Two and Paise Sixty nine Only) with interest.
Documents & Evidence
Document Type:
Power of Attorney
Submitted By:
Plaintiff
Relevance:
Document supporting the plaintiff's authority to file the suit.
Reference:
Ext.A1
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document evidencing the defendants' application for a loan.
Reference:
Ext.A2
Document Type:
Loan Sanction communication
Submitted By:
Plaintiff
Relevance:
Document showing the sanction of the loan to the defendants.
Reference:
Ext.A3
Document Type:
Agreement for non Farm Sector Term Loans
Submitted By:
Plaintiff
Relevance:
Document outlining the terms and conditions of the loan.
Reference:
Ext.A4
Document Type:
Demand Notice
Submitted By:
Plaintiff
Relevance:
Notifying the defendants about the outstanding loan amount.
Reference:
Ext.A5
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
Proof of sending the demand notice to the defendants.
Reference:
Ext.A6
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Document showing the outstanding balance and transactions.
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
Recovery of money
Case Code
OS.NO.
Case Code Year
2023