Case Summary
The Kerala Gramin Bank is involved in a suit for realization of money against the defendants, SHAINEESH and KUNHIKKANNAN, who defaulted on a vehicle loan. The bank seeks recovery of the principal amount along with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of ₹3,18,985 with future interest at 9% per annum and costs.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, allowing the recovery of the loan amount with reduced interest. The defendants are also permitted to pay off the debt within six months.
Why Plaintiff Won:
The defendants conceded to the claim and agreed to clear the debt, prompting the court to grant the suit.
The defendants conceded to the claim and agreed to clear the debt, prompting the court to grant the suit.
Losing Side's Weaknesses:
The defendants conceded to the claim and agreed to clear the debt, prompting the court to grant the suit.
The defendants conceded to the claim and agreed to clear the debt, prompting the court to grant the suit.
Supporting Evidence
Since, the defendants filed a conceding written statement stating that, they are ready to clear off the decree debt within 6 months, the suit is hereby decreed.
Judgment Evidence:
In the result, the suit is decreed with costs. The plaintiff is entitled to realize an amount of ₹3,18,985 with future interest @ 9% per annum.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- KERALA GRAMIN BANK
- Party Role
- Defendant
- Party Name
- SHAINEESH
- Party Age
- 42
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- KUNHIKKANNAN
- Party Age
- 68
- Relation
- S/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. Anoop
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. Abdul Raoof
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Amaya
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. C. R. Biju
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of ₹3,18,985 with future interest @ 9% per annum.
Evidence:
Since, the defendants filed a conceding written statement stating that, they are ready to clear off the decree debt within 6 months, the suit is hereby decreed.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to sell the hypothecated vehicle and adjust the sale proceeds towards the amount due from the defendants.
Evidence:
The plaintiff is entitled to sell the hypothecated vehicle and is entitled to adjust the sale proceeds towards the amount due from the defendants to the plaintiff bank.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to get the costs of the suit.
Evidence:
The plaintiff is entitled to get the costs of the suit.
Documents & Evidence
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 SHAINEESH et al regarding realization of money
Case Code Year
Case between KERALA GRAMIN BANK vs SHAINEESH et al regarding realization of money