Case Summary
The case involves Kerala Gramin Bank seeking recovery of a loan amount from the defendant, Sasi. A. K, who defaulted on the repayment. The bank sanctioned an agricultural loan to the defendant, but he failed to repay the amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
₹ 2,52,140/- with future interest at 12% per annum
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing them to recover the loan amount with interest. The defendant did not contest the claims.
Why Plaintiff Won:
The claim of the plaintiff to realize the plaint amount stands unchallenged and undisputed due to the defendant's exparte proceedings.
The claim of the plaintiff to realize the plaint amount stands unchallenged and undisputed due to the defendant's exparte proceedings.
Losing Side's Weaknesses:
The claim of the plaintiff to realize the plaint amount stands unchallenged and undisputed due to the defendant's exparte proceedings.
The claim of the plaintiff to realize the plaint amount stands unchallenged and undisputed due to the defendant's exparte proceedings.
Supporting Evidence
The claim of the plaintiff to realize the plaint amount stands unchallenged and undisputed. However, the claim of penal interest is hereby denied.
Judgment Evidence:
In the result, the suit is decreed with costs. The plaintiff is entitled to realize an amount of ₹ 2,52,140/- (Rupees Two Lakhs Fifty Two Thousand One Hundred and Forty Only) with future interest @ 12% per annum, from the date of suit till the date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- KERALA GRAMIN BANK
- Party Role
- Defendant
- Party Name
- SASI. A. K
- Party Age
- 58
- Relation
- S/o
Plaintiffs Documents
Memorandum of Agreement for Agricultural Loans, Statement of Account of Sasi. A. K, Acknowledgment of Debt and Security from the defendant to the Plaintiff Bank, Copy of Lawyer Notice.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. Anoop
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Smt. Amaya
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. Abdul Raoof
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of ₹ 2,52,140/- with future interest.
Evidence:
The suit is decreed with costs as follows:- The plaintiff is entitled to realize an amount of ₹ 2,52,140/- with future interest @ 12% per annum, from the date of suit till the date of realization.
Relief Type:
Penal Interest
Outcome:
Refused
Description:
Claim of penal interest was denied.
Evidence:
However, the claim of penal interest is hereby denied.
Documents & Evidence
Document Type:
Memorandum of agreement for agricultural loans
Submitted By:
Plaintiff
Relevance:
Executed by the defendant in favour of Plaintiff Bank.
Reference:
Ext.A1
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of Account of Sasi. A. K (A/c. No. 40152131008133) of Kerala Gramin Bank, Maruthonkara Branch.
Reference:
Ext.A2
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
From the defendant to the Plaintiff Bank.
Reference:
Ext.A3
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
From the defendant to the Plaintiff Bank.
Reference:
Ext.A4
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Sent by Adv. P. Anoop to the defendant.
Reference:
Ext.A5
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Relates to the lawyer notice.
Reference:
Ext.A5 (a)
Document Type:
Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
Received by the defendant.
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Recovery of money
Case Code
Case between KERALA GRAMIN BANK vs SASI. A. K regarding realization of money
Case Code Year
Case between KERALA GRAMIN BANK vs SASI. A. K regarding realization of money