Case Summary
This is a suit for the realization of money wherein the plaintiff bank claims ₹7,13,274/- from the defendant due to a default on a housing loan. The defendant has acknowledged the claim and seeks time to repay the amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize ₹7,13,274/- with future interest and to sell the mortgaged property.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff bank, allowing recovery of the loan amount alongside future interest and the right to sell the mortgaged property.
Why Plaintiff Won:
The defendant admitted the plaint claim in a written statement.
The defendant admitted the plaint claim in a written statement.
Losing Side's Weaknesses:
The defendant admitted the plaint claim in a written statement.
The defendant admitted the plaint claim in a written statement.
Supporting Evidence
The defendant filed a conceding written statement admitting the plaint claim.
Judgment Evidence:
Since, the defendants filed a conceding written statement admitting the plaint claim, the suit has to be decreed accordingly.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- LIFE INSURANCE CORPORATION OF INDIA
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- SURESH KUMAR. T
- Party Age
- 57
- Relation
- S/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. V. Ramadasan
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri.Manoj Aroor
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of ₹ 7,13,274 with future interest at 11.25% per annum from the date of suit till the date of realization.
Evidence:
The suit is decreed with costs as follows:- 1.The plaintiff is entitled to realize an amount of ₹ 7,13,274/ (Rupees Seven Lakhs Thirteen Thousand Two Hundred and Seventy Four only) with future interest @ 11.25% per annum, from the date of suit till the date of realization.
Relief Type:
Possession
Outcome:
Granted
Description:
The plaintiff bank is entitled to sell the mortgaged property mentioned in Schedule A of the plaint and are also given the liberty to adjust the proceeds against the decree debt.
Evidence:
The plaintiff bank is entitled to sell the mortgaged property mentioned in Schedule A of the plaint and are also given the liberty to adjust the proceeds against the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff is entitled to get the costs of the suit.
Evidence:
The plaintiff is entitled to get the costs of the suit.
Documents & Evidence
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Non-payment of rent
Case Code
Case between LIFE INSURANCE CORPORATION OF INDIA et al vs SURESH KUMAR. T regarding realization of money.
Case Code Year
Case between LIFE INSURANCE CORPORATION OF INDIA et al vs SURESH KUMAR. T regarding realization of money.