ORIGINAL SUIT No. 347 OF 2017

Case between Kerala Gramin Bank vs Noushad.P.V. et al regarding loan recovery

Court

Court of the Munsiff of Tirur

Judge

Smt. VINCY.T.V.

Order Date

2018-06-29

Duration

1 year

Case Closed

Fri, 06/29/2018 - 12:00

Judgement document from eCourt website

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Case Summary

Kerala Gramin Bank filed a suit to recover a loan amount of Rs. 3,91,783 from two defendants who borrowed the sum for purchase of a vehicle.

Judgment Outcome

Judgment Favored

Plaintiff

Relief Granted

Payment of loan amount with interest

Case Type

Civil Suit - Money Recovery

Final Judgment

The court decreed the defendants to pay Rs. 3,91,783 with 9% interest per annum to the plaintiff bank for loan recovery.

Why Plaintiff Won:
Reason not clearly mentioned

Losing Side's Weaknesses:
Reason not clearly mentioned

Supporting Evidence

Judgment Evidence:

In the result, the suit is decreed as follows: I. The defendant is hereby directed to pay the sum of Rs. 3,91,783 /- to the plaintiff with 9% interest per annum on the principal amount of Rs. 3,86,395/- from the date of the suit till the date of realization.

Parties Involved

Parties

Party Role: Plaintiff
Party Name: Kerala Gramin Bank

Party Role: Defendant
Party Name: Noushad.P.V.
Party Age: 29
Relation: S/O

Party Role: Defendant
Party Name: P.V.Abdullakutty
Party Age: 60
Relation: S/O

Plaintiffs Documents

Acknowledgment of debt, Guarantee agreement, Registered lawyer notice

Defendants Documents

Not mentioned

Advocates

Reliefs

Relief Type: Payment of loan amount with interest

Outcome: Granted

Description:

Decree for payment of Rs. 3,91,783 with interest

Evidence:

The defendant is hereby directed to pay the sum of Rs. 3,91,783 /- to the plaintiff with 9% interest per annum on the principal amount of Rs. 3,86,395/- from the date of the suit till the date of realization.

Documents & Evidence

Case Classification