Case Summary
Kerala Gramin Bank filed a suit against the defendants, seeking recovery of a loan amount with interest due to non-payment and breach of agreement terms.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of loan amount with 9% interest
Case Type
Civil Suit - Loan Recovery
Final Judgment
No
The court decreed in favor of the plaintiff, directing the defendants to pay the loan amount with interest and costs.
Why Plaintiff Won:
The plaintiff provided clear evidence of the loan agreement, disbursement, and default in repayment by the defendants.
The plaintiff provided clear evidence of the loan agreement, disbursement, and default in repayment by the defendants.
Losing Side's Weaknesses:
The plaintiff provided clear evidence of the loan agreement, disbursement, and default in repayment by the defendants.
The plaintiff provided clear evidence of the loan agreement, disbursement, and default in repayment by the defendants.
Supporting Evidence
The plaintiff made several demands to the defendants for payment of the money due to the plaintiff and settlement of the accounts, including sending registered lawyer notice. But the defendants have not repaid the loan and closed the account. Hence the plaintiff is compelled to file this suit to recover the amount due from the defendant.
Judgment Evidence:
The suit is decreed as follows: I. The defendant is hereby directed to pay the sum of Rs. 4,28,457/- (Rupees four lakh twenty eight thousand four hundred and fifty seven only) to 9% interest on the principal amount of Rs. 4,21,836/- from the date of suit till the date of realization. II. The defendants shall pay the costs of the suit to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- Sajid.A.P.
- Party Age
- 33
- Relation
- S/o Koyassan
- Party Role
- Defendant
- Party Name
- Koyassan.A.P.
- Party Age
- 62
- Relation
- S/o Muhammed
- Party Role
- Defendant
- Party Name
- Abdul Jaleel
- Party Age
- 35
- Relation
- S/o Koyassan.A.P.
Plaintiffs Documents
Educational Loan Agreement, Supplemental Education Loan Agreement, Acknowledgment of Debt and Security documents, Statement of Accounts
Defendants Documents
Not available
Advocates
Reliefs
Relief Type:
Loan Recovery
Outcome:
Granted
Description:
Recovery of loan amount with 9% interest
Evidence:
The suit is decreed as follows: I. The defendant is hereby directed to pay the sum of Rs. 4,28,457 /- (Rupees four lakh twenty eight thousand four hundred and fifty seven only) to 9% interest on the principal amount of Rs. 4,21,836 /- from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Loan agreement between the bank and defendants
Reference:
Ext.A1
Document Type:
Supplemental Education Loan Agreement
Submitted By:
Plaintiff
Relevance:
Supplemental agreement with modified repayment terms
Reference:
Ext.A2
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Certified statement showing details and entries related to the loan
Reference:
Ext.A10
Case Classification
Case Type
Civil Suit - Loan Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Loan Recovery
Case Code
Case between Kerala Gramin Bank vs Sajid et al regarding loan recovery
Case Code Year
Case between Kerala Gramin Bank vs Sajid et al regarding loan recovery