Case Summary
The plaintiff, State Bank of India, filed a suit against defendant Sandeepan for recovery of a loan amounting to ₹4,32,556 due to non-payment. The defendant conceded to the claim and requested to clear the debt within 6 months.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize ₹4,32,556 with future interest at 9% per annum.
Case Type
Civil Suit
Final Judgment
No
The suit was decreed in favor of the plaintiff for recovery of the loan amount with reduced interest. The penal interest claim was denied.
Why Plaintiff Won:
The defendant conceded the debt and agreed to repay it within a specified period.
The defendant conceded the debt and agreed to repay it within a specified period.
Losing Side's Weaknesses:
The defendant conceded the debt and agreed to repay it within a specified period.
The defendant conceded the debt and agreed to repay it within a specified period.
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
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- SANDEEPAN
- Party Age
- 46
- Relation
- S/o
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 hereby decreed for the recovery of Rs. 4,32,556/- with future interest at 9%.
Evidence:
Hence, the suit is decreed with costs as follows: The plaintiff is entitled to realize an amount of 4,32,556 ₹ /- (Rupees Four Lakh Thirty Two Thousand Five Hundred and Fifty Six Only) with future interest @ 9% per annum, from the date of suit till the date of realization.
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 Loan
Case Code
Case between MANAGER, STATE BANK OF INDIA vs SANDEEPAN regarding recovery of loan amount.
Case Code Year
Case between MANAGER, STATE BANK OF INDIA vs SANDEEPAN regarding recovery of loan amount.