Case Summary
Kerala Gramin Bank filed a suit against Santhakumari and others seeking repayment of a loan amount of Rs. 1,36,420 along with interest at 12% per annum due to default in loan repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Repayment of loan amount with interest and right to sell mortgaged property
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
The defendants failed to repay the loan amount as per the agreed terms and the plaintiff provided evidence of the loan agreement, default, and outstanding amount.
The defendants failed to repay the loan amount as per the agreed terms and the plaintiff provided evidence of the loan agreement, default, and outstanding amount.
Judgment Evidence:
The defendants are hereby directed to jointly and severally pay to the plaintiff/bank an amount of Rs. 1,36,420/- with interest...
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Manager, Valanchery Post, Tirur Taluk
Defendants
Santhakumari (59 years)
Vijay Nivas, Pookkattiri, Edayur Amsom, Poovathumthara Desom
Vijayakumar.V.G. (36 years)
Vijay Nivas, Pookkattiri, Edayur Amsom, Poovathumthara Desom
Vinodkumar.V.G. (34 years)
Vijay Nivas, Pookkattiri, Edayur Amsom, Poovathumthara Desom
Prasadkumar.V.G. (33 years)
Vijay Nivas, Pookkattiri, Edayur Amsom, Poovathumthara Desom
Spinishkumar.V.G. (39 years)
Vijay Nivas, Pookkattiri, Edayur Amsom, Poovathumthara Desom
Smitheshkumar.V.G. (36 years)
Vijay Nivas, Pookkattiri, Edayur Amsom, Poovathumthara Desom
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Repayment of loan amount with interest and right to sell mortgaged property
Evidence:
The defendants are hereby directed to jointly and severally pay to the plaintiff/bank an amount of Rs. 1,36,420/- with interest at the rate of 12% per annum compounded at half yearly rests...
Documents & Evidence
Document Type:
Memorandum of Agreement
Submitted By:
Plaintiff
Relevance:
Evidence of agricultural loan agreement
Reference:
Ext.A1
Document Type:
Link letter
Submitted By:
Plaintiff
Relevance:
Signifies extension of equitable mortgage for the new loan
Reference:
Ext.A2
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of loan repayment default
Reference:
Ext.A3
Document Type:
Letter evidencing deposit of title deeds
Submitted By:
Plaintiff
Relevance:
Confirming deposit of title deeds for mortgage
Reference:
Ext.A4
Document Type:
True Copy of accounts of A/c No.KCC-468
Submitted By:
Plaintiff
Relevance:
Account statements showing debt amount
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Account statements demonstrating loan transactions
Reference:
Ext.A6