Case Summary
Kerala Gramin Bank filed a suit against Shoukath.T. seeking recovery of a loan amount due to default by the defendant.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Money Recovery with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed the defendant to pay the sum of Rs.1,21,894 to the plaintiff bank along with 14% per annum interest from the date of the suit till realization.
Why Plaintiff Won:
The plaintiff provided cogent and reliable evidence regarding the loan default by the defendant.
The plaintiff provided cogent and reliable evidence regarding the loan default by the defendant.
Losing Side's Weaknesses:
The plaintiff provided cogent and reliable evidence regarding the loan default by the defendant.
The plaintiff provided cogent and reliable evidence regarding the loan default by the defendant.
Supporting Evidence
The plaintiff made several demands for repayment of loan. But the defendant has not repaid the loan and closed the account. The plaintiff is entitled to future interest on the said principal amount of Rs. 1,21,755/- at the rate of 14% per annum compounded at monthly rests.
Judgment Evidence:
The suit is decreed as follows: I. The defendant is hereby directed to pay the sum of Rs.1,21,894/- to the plaintiff with interest there on at the rate of 14% per annum from the date of suit till the date of realization. II. The defendant shall pay the costs of the suit to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Relation
- Manager
- Party Role
- Defendant
- Party Name
- Shoukath.T.
- Party Age
- 29
- Relation
- S/o Mohammedkutty
Plaintiffs Documents
15-11-2012 - Application for Loan, 15-11-2012 - Pronote, 15-11-2012 - Take delivery letter to DPN, 15-11-2012 - Agreement for open cash Credit/Retail credit Card Swarozgar Credit Card, 2-6-2015 - Acknowledgment of Debt and Security of Borrower/Coobligent, 30-4-2018 - Copy of Statement of account
Defendants Documents
Not available
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.C.M.Venugopalan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Sreekala.K.
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Vinida.P.
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
To pay the sum of Rs.1,21,894 to the plaintiff with interest at 14% per annum.
Evidence:
The defendant is directed to pay the sum of Rs.1,21,894 to the plaintiff with interest there on at the rate of 14% per annum from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Application for Loan
Submitted By:
Plaintiff
Relevance:
Provided details of the loan application.
Reference:
15-11-2012 - Application for Loan (MSMEs) South Malabar Gramin Bank, Thanalur Branch
Document Type:
Pronote
Submitted By:
Plaintiff
Relevance:
Document outlining the terms of the loan, including repayment conditions.
Reference:
15-11-2012
Document Type:
Take delivery letter to Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document related to the loan transactions.
Reference:
15-11-2012
Document Type:
Agreement for open cash Credit/Retail credit Card Swarozgar Credit Card
Submitted By:
Plaintiff
Relevance:
Document outlining additional terms of the loan agreement.
Reference:
15-11-2012
Document Type:
Acknowledgment of Debt and Security of Borrower/Coobligent
Submitted By:
Plaintiff
Relevance:
Document related to the debt acknowledgment and security.
Reference:
2-6-2015
Document Type:
Copy of statement of account
Submitted By:
Plaintiff
Relevance:
Certified statement of the loan account details.
Reference:
30-4-2018
Case Classification
Case Type
Civil Suit - Money Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Loan default
Case Code
Case between Kerala Gramin Bank vs Shoukath.T. regarding loan recovery
Case Code Year
Case between Kerala Gramin Bank vs Shoukath.T. regarding loan recovery