Case Summary
The plaintiff, M/s ICICI Bank Limited, filed a suit against defendants seeking recovery of a loan amount due for the purchase of a vehicle.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of loan amount with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed the suit in favor of the plaintiff, directing the defendants to pay the loan amount with interest.
Why Plaintiff Won:
The plaintiff proved the loan agreement, default in repayments, and the amount due with documentary evidence.
The plaintiff proved the loan agreement, default in repayments, and the amount due with documentary evidence.
Losing Side's Weaknesses:
The plaintiff proved the loan agreement, default in repayments, and the amount due with documentary evidence.
The plaintiff proved the loan agreement, default in repayments, and the amount due with documentary evidence.
Supporting Evidence
The plaintiff proved its case by cogent and reliable evidence.
Judgment Evidence:
In the result, the suit is decreed as follows: 1. Defendants are directed to pay an amount of Rs. 4,41,854/- to the Plaintiff with 12 % interest till today and thereafter at the rate of 6% per annum till the date of realization. 2. Defendants shall pay the cost of the suit.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s ICICI Bank Limited
- Party Role
- Defendant
- Party Name
- Aacha
- Party Age
- 68
- Relation
- Daughter of Velayudhan
- Party Role
- Defendant
- Party Name
- Gireesh
- Party Age
- 36
- Relation
- Son of Velayudhan
Plaintiffs Documents
Credit Facility Application Form, Unattested deed of Hypothecation, Irrevocable Power of attorney, Office copy of Loan recall notice, Certified copy of Account statement
Defendants Documents
Not mentioned
Advocates
Reliefs
Relief Type:
Loan Recovery
Outcome:
Granted
Description:
Recovery of loan amount with interest
Evidence:
The court decreed the defendants to pay the mentioned amount to the plaintiff with specified interest rates.
Documents & Evidence
Document Type:
Credit Facility Application Form
Submitted By:
Plaintiff
Relevance:
Evidence of loan application and terms
Reference:
A1
Document Type:
Unattested deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Document showing hypothecation of the vehicle
Reference:
A2
Document Type:
Irrevocable Power of attorney
Submitted By:
Plaintiff
Relevance:
Authorization for possession in case of default
Reference:
A3
Document Type:
Office copy of Loan recall notice
Submitted By:
Plaintiff
Relevance:
Notice recalling payments
Reference:
A4
Document Type:
Certified copy of Account statement
Submitted By:
Plaintiff
Relevance:
Statement of accounts showing outstanding dues
Reference:
A5
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
Loan default
Case Code
Case between M/s ICICI Bank Limited vs Aacha et al regarding loan recovery
Case Code Year
Case between M/s ICICI Bank Limited vs Aacha et al regarding loan recovery