Case Summary
This case involves the State Bank of India seeking to recover a loan amount from the defendant, Sandeepan, who defaulted on repayment. The defendant has agreed to clear the debt within six months.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of ₹93,227 with future interest @ 9% per annum.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed, granting the plaintiff, State Bank of India, the amount of ₹93,227 with reduced future interest of 9%. The claim for penal interest is denied.
Why Plaintiff Won:
The defendant conceded the written statement and was ready to clear off the decree debt.
The defendant conceded the written statement and was ready to clear off the decree debt.
Losing Side's Weaknesses:
The defendant conceded the written statement and was ready to clear off the decree debt.
The defendant conceded the written statement and was ready to clear off the decree debt.
Supporting Evidence
Since, the defendants filed a conceding written statement stating that, they are ready to clear off the decree debt within 6 months, the suit is hereby decreed.
Judgment Evidence:
In the result, the suit is decreed with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- MANAGER, STATE BANK OF INDIA
- Party Age
- 39
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- SANDEEPAN
- Party Age
- 46
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Ramesan Katayamkottummal
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Haritha. O. P
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. M. M. Valsan
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The suit is decreed for the recovery of ₹ 93,227/- with future interest at 9% per annum.
Evidence:
the suit is hereby decreed. The claim of future interest is reduced to 9% from 11.80% considering the financial stringency of the defendant.
Documents & Evidence
Case Classification
Case Type
Civil Suit
Category
Other Civil Cases
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Recovery of money
Case Code
Case between MANAGER, STATE BANK OF INDIA et al vs SANDEEPAN regarding realization of money.
Case Code Year
Case between MANAGER, STATE BANK OF INDIA et al vs SANDEEPAN regarding realization of money.