Case Summary
Kerala Gramin Bank filed a suit against defendants for the recovery of an educational loan amounting to Rs. 1,19,427 with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realization of loan amount with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed in favor of the plaintiff, allowing the realization of Rs. 1,19,427 with interest from the defendants.
Why Plaintiff Won:
The plaintiff proved its case by adducing oral evidence and producing relevant documents.
The plaintiff proved its case by adducing oral evidence and producing relevant documents.
Losing Side's Weaknesses:
The plaintiff proved its case by adducing oral evidence and producing relevant documents.
The plaintiff proved its case by adducing oral evidence and producing relevant documents.
Supporting Evidence
Since the defendants remained ex parte, the evidence adduced by the plaintiff remained unchallenged. I find no reason to disbelieve PW.1 The plaintiff has proved its case by adducing oral evidence and by producing relevant documents. So, the plaintiff is entitled for a decree as prayed for.
Judgment Evidence:
In the result, the suit is decreed as follows:- 1. Plaintiff is allowed to realize an amount of Rs.1,19,427/- (Rupees One Lakh Nineteen Thousand Four Hundred and Twenty Seven only) with interest at the rate of 14.25% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realization on Rs.1,19,004/- (Rupees One Lakh Nineteen Thousand and Four only) from the defendants and their assets. 2. Plaintiff is entitled to realize the costs of the suit from the defendants.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- Rajesh K.P
- Party Age
- 27
- Relation
- S/o K.P. Balakrishnan
- Party Role
- Defendant
- Party Name
- K.P. Balakrishnan
- Party Age
- 58
- Relation
- S/o Raman
Plaintiffs Documents
Educational loan agreement, Acknowledgment of Debt, Supplemental educational Loan Agreement, Acknowledgment of Debt, Registered Lawyer Notice, Statement of Account
Defendants Documents
Not mentioned
Advocates
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Realization of loan amount with interest
Evidence:
Plaintiff proved its case by adducing oral evidence and by producing relevant documents.
Documents & Evidence
Document Type:
Application for Vidyabharathi Loans(V.B.S)
Submitted By:
Plaintiff
Relevance:
Loan application submitted by defendants
Reference:
A1
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Agreement for Educational loan executed by defendants
Reference:
A2
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt and security executed by defendants
Reference:
A3
Document Type:
Supplemental educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Supplemental Education Loan Agreement executed by defendants
Reference:
A4
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt and security executed by defendants
Reference:
A5
Document Type:
Registered Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Copy of lawyer notice issued to defendants
Reference:
A6
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of accounts showing the details of the suit transaction
Reference:
A7
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 Rajesh K.P et al regarding loan recovery
Case Code Year
Case between Kerala Gramin Bank vs Rajesh K.P et al regarding loan recovery