Case Summary
Kerala Gramin Bank filed a suit against defendants for the recovery of a loan amount due to default on terms of repayment and obtained a decree in their favor.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Money Recovery with Interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed in favor of the plaintiff Kerala Gramin Bank allowing them to recover the due amount along with interest and costs from the defendants.
Why Plaintiff Won:
The defendants withdrew their contentions and admitted the suit claim, allowing the plaintiff to obtain a decree.
The defendants withdrew their contentions and admitted the suit claim, allowing the plaintiff to obtain a decree.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
Though the defendants filed written statement disputing the suit claim, when the case is included in the special list for trial, the defendants withdrawn their contentions and thus admitted the suit claim. The defendants filed a statement to that effect.
Judgment Evidence:
In the result, the suit is decreed as follows: Plaintiff is allowed to realise total amount of Rs. 1,08,549/- (Rupees One Lakh Eight Thousand Five Hundred and Forty Nine only), including Rs.1,00,000/- (Rupees One Lakh only) paid by the first defendant on 8.2.2014, with interest at the rate of 14.5% per annum on Rs.1,06,104/- (Rupees One Lakh Six Thousand One Hundred and Four only) from the date of suit till realisation from the defendants and their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Party Role
- Defendant
- Party Name
- Vasudevan O.K
- Party Age
- 64
- Relation
- S/o. Narayanana Menon
- Party Role
- Defendant
- Party Name
- Rajesh Kumar
- Party Age
- 37
- Relation
- S/o. Sankaran
Plaintiffs Documents
Defendants Documents
Advocates
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Kerala Gramin Bank is allowed to recover the total amount of Rs. 1,08,549/- including the payment made by the first defendant with interest.
Evidence:
In the result, the suit is decreed as follows: Plaintiff is allowed to realise total amount of Rs. 1,08,549/- (Rupees One Lakh Eight Thousand Five Hundred and Forty Nine only), including Rs.1,00,000/- (Rupees One Lakh only) paid by the first defendant on 8.2.2014, with interest at the rate of 14.5% per annum on Rs.1,06,104/- (Rupees One Lakh Six Thousand One Hundred and Four only) from the date of suit till realisation from the defendants and their assets.
Relief Type:
Costs Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to recover the costs of the suit from the defendants at a confessional scale.
Evidence:
Plaintiff is entitled to realise costs of the suit from the defendants at confessional scale.
Documents & Evidence
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 Vasudevan O.K et al regarding loan recovery
Case Code Year
Case between Kerala Gramin Bank vs Vasudevan O.K et al regarding loan recovery