Case Summary
The plaintiff, Kerala Gramin Bank, has filed a suit against the defendants for recovery of a loan amounting to ₹96,850. The defendants failed to appear before the court despite receiving summons.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay ₹96,850 with interest @ 11% per annum from the date of the suit till realization.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, ordering the defendants to pay ₹96,850 along with interest.
Why Plaintiff Won:
The plaintiff proved its contentions through evidence and affidavit.
The plaintiff proved its contentions through evidence and affidavit.
Losing Side's Weaknesses:
The plaintiff proved its contentions through evidence and affidavit.
The plaintiff proved its contentions through evidence and affidavit.
Supporting Evidence
The plaintiff proved its contentions through affidavit as well as though the documents.
Judgment Evidence:
In the result, suit is decreed as follows: a) The defendant shall pay ₹96,850/- (Rupees Ninety Six Thousand Eight Hundred and Fifty only) with interest @ 11% per annum from the date of the suit till realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Vipin Venugopal
- Party Age
- 30
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Vishnu V J
- Party Age
- 31
- Relation
- S/o
Plaintiffs Documents
Loan application, Loan Sanction Letter, Loan agreement, The guarantee agreement, Guarantee Covering letter, The letter of confirmation of balance and acknowledgment of debt, The copy of notice, Acknowledgment Card, Return postal envelope, Statement of Account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Johny Kuriakose Methipara
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant is ordered to pay the outstanding amount with interest.
Evidence:
In the result, suit is decreed as follows: a) The defendant shall pay ₹ 96,850/- (Rupees Ninety Six Thousand Eight Hundred and Fifty only) with interest @ 11% per annum from the date of the suit till realization.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
This document was used to establish the loan request made by the first defendant.
Reference:
Ext.A1
Document Type:
Loan Sanction Letter
Submitted By:
Plaintiff
Relevance:
This document was used to show the terms and conditions under which the loan was sanctioned.
Reference:
Ext.A2
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document outlines the loan agreement executed by the first defendant.
Reference:
Ext.A3
Document Type:
The guarantee agreement
Submitted By:
Plaintiff
Relevance:
This document was relevant to establish the security provided for the loan.
Reference:
Ext.A4
Document Type:
Guarantee covering letter
Submitted By:
Plaintiff
Relevance:
This document was used to support the guarantee agreement.
Reference:
Ext.A5
Document Type:
The letter of confirmation of balance and acknowledgment of debt
Submitted By:
Plaintiff
Relevance:
This document confirmed the outstanding balance acknowledged by the first defendant.
Reference:
Ext.A6
Document Type:
The copy of notice
Submitted By:
Plaintiff
Relevance:
This document was used to establish that demand notices were served on the defendant.
Reference:
Ext.A7
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
This document was related to the acknowledgment of receipt by the defendant.
Reference:
Ext.A8
Document Type:
Return postal envelope
Submitted By:
Plaintiff
Relevance:
This document supported the notice and acknowledgment processes.
Reference:
Ext.A9
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document provided evidence of the account status and outstanding dues.
Reference:
Ext.A10
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Kolenchery
Common Reasons
Recovery of money
Case Code
Case between Kerala Gramin Bank vs Vipin Venugopal et al regarding recovery of money.
Case Code Year
Case between Kerala Gramin Bank vs Vipin Venugopal et al regarding recovery of money.