Case Summary
Kerala Gramin Bank filed a suit against Ummer and Subaida for the recovery of a loan amount due to default on repayment terms.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Money recovery with future interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed that the defendants pay an amount of Rs 1,42,332/- with a future interest @ 9% per annum on the principal amount of Rs.1,37,614/- till the date of realization.
Why Plaintiff Won:
The plaintiff proved its case with reliable evidence including the loan application, memorandum of agreement, lawyer notice, and statement of accounts.
The plaintiff proved its case with reliable evidence including the loan application, memorandum of agreement, lawyer notice, and statement of accounts.
Losing Side's Weaknesses:
The plaintiff proved its case with reliable evidence including the loan application, memorandum of agreement, lawyer notice, and statement of accounts.
The plaintiff proved its case with reliable evidence including the loan application, memorandum of agreement, lawyer notice, and statement of accounts.
Supporting Evidence
The plaintiff proved its case by adducing cogent and reliable evidence. The defendant failed to substantiate that the interest rate for the Kisan Credit Card Scheme is only 4% per annum.
Judgment Evidence:
Suit is decreed as follows: The defendants are hereby directed to pay an amount of Rs 1,42,332/- with a future interest @ 9% per annum on the principal amount of Rs.1,37,614/- till the date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Relation
- By its Manager
- Party Role
- Defendant
- Party Name
- Ummer
- Party Age
- 55
- Relation
- S/o Kunhimoideen
- Party Role
- Defendant
- Party Name
- Subaida
- Party Age
- 48
- Relation
- W/o Ummer
Plaintiffs Documents
Agricultural Loan application dated 9-11-2012, Memorandum of Agreement for Agricultural Loan dated 9-11-2012, Copy of Lawyer Notice dated 4-9-2015, 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
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri.K.V.Sabir
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
The defendants are directed to pay an amount of Rs 1,42,332/- with a future interest @ 9% per annum on the principal amount of Rs.1,37,614/- till the date of realization.
Evidence:
Suit is decreed as follows: The defendants are hereby directed to pay an amount of Rs 1,42,332/- with a future interest @ 9% per annum on the principal amount of Rs.1,37,614/- till the date of realization.
Documents & Evidence
Document Type:
Agricultural Loan application
Submitted By:
Plaintiff
Relevance:
Documented the loan application details.
Reference:
A1
Document Type:
Memorandum of Agreement for Agricultural Loan
Submitted By:
Plaintiff
Relevance:
Details of the loan agreement.
Reference:
A2
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Correspondence regarding non-payment.
Reference:
A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Provided details and particulars of the accounts.
Reference:
A4
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
Case Code
Case between Kerala Gramin Bank vs Ummer et al regarding loan recovery
Case Code Year
Case between Kerala Gramin Bank vs Ummer et al regarding loan recovery