Case Summary
The plaintiff, Kerala Gramin Bank, filed a suit against the defendants for the recovery of an educational loan amount. The defendants defaulted on the repayment of the loan amount taken for education purposes.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay an amount of Rs. 4,00,506/- with interest @ 6% per annum from the date of suit till its realization.
Case Type
Original Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved its case through cogent and reliable evidence.
The plaintiff proved its case through cogent and reliable evidence.
Judgment Evidence:
In the result, the suit is decreed as follows. Defendants are directed to pay an amount of Rs. 4, 00,506/- (Rupees Four Lakh Five Hundred and Six only) with interest @ 6% per annum from the date of suit till its realization, to the plaintiff.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Chemravattom Branch
Defendants
Shajeer.V. (34 years years)
Valavath House, Alathiyur amsom & Post, Tirur Taluk
Mohammed.V. (63 years years)
Valavath House, Alathiyur amsom & Post, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of Rs. 4,00,506/- with interest.
Evidence:
Defendants are directed to pay an amount of Rs. 4, 00,506/- (Rupees Four Lakh Five Hundred and Six only) with interest @ 6% per annum from the date of suit till its realization, to the plaintiff.
Relief Type:
Cost
Outcome:
Granted
Description:
Plaintiff entitled to recover costs of the suit.
Evidence:
Plaintiff is entitled to realize costs of the suit from the defendants at confessional scale.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
This document is the loan application submitted by the first defendant for the educational loan.
Reference:
Ext.A1
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document is the agreement executed by the defendants for the educational loan.
Reference:
Ext.A2
Document Type:
Supplemental Education Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document supplements the original loan agreement and outlines additional terms.
Reference:
Ext.A3
Document Type:
Agreement
Submitted By:
Plaintiff
Relevance:
This document is another agreement related to the loan.
Reference:
Ext.A4
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
These documents acknowledge the debt and security provided by the defendants.
Reference:
Ext.A5 to A8
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This document is the legal notice sent to the defendants regarding the default in payment.
Reference:
Ext.A9
Document Type:
Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document shows the details of the loan transaction and the amount due.
Reference:
Ext.A10