Case Summary
Kerala Gramin Bank sued Premachandran.CK for non-repayment of a loan, seeking to recover Rs. 29,607 with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realization of money with interest and costs
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed the suit in favor of the plaintiff bank, allowing the recovery of Rs. 29,607 with interest and awarded costs of the suit against the defendant.
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
The plaintiff adduced evidence in tune with the averments in the plaint. The evidence adduced by the plaintiff remained unchallenged. I find no reason to disbelieve PW.1. The plaintiff has proved its case by the oral evidence of PW.1 and documents produced in this case.
Judgment Evidence:
In the result, the suit is decreed as follows: 1. Plaintiff is allowed to realise an amount of Rs. 29,607/- (Rupees Twenty Nine Thousand Six Hundred and Seven only) with interest on Rs. 29,597 at the rate of 14% per annum from the date of suit till today and thereafter at the rate 6% per annum till realization from the defendant and his assets. 2. Plaintiff is entitled to realize costs of the suit from the defendant.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- Premachandran.CK
- Party Age
- 47
- Relation
- S/o. Appu
Plaintiffs Documents
Hypothecation Deed, Acknowledgment, Copy of Statement
Defendants Documents
Not available
Advocates
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Realization of money with interest and costs
Evidence:
Documents & Evidence
Document Type:
Hypothecation Deed
Submitted By:
Plaintiff
Relevance:
Execution of loan agreement
Reference:
A1
Document Type:
Acknowledgment
Submitted By:
Plaintiff
Relevance:
Acknowledgement of debt and security
Reference:
A2
Document Type:
Copy of Statement
Submitted By:
Plaintiff
Relevance:
Statement of accounts showing transaction details
Reference:
A3
Case Classification
Case Type
Civil Suit - Money 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 Premachandran.CK regarding loan recovery
Case Code Year
Case between Kerala Gramin Bank vs Premachandran.CK regarding loan recovery