Case Summary
This case involves M/s. ICICI Bank Ltd. seeking to recover an outstanding loan amount from the defendant, Aneesha Rasheed. The bank claims that the defendant defaulted on her business personal loan and owes ₹8,26,652.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant is directed to pay an amount of ₹8,26,652 with interest at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The evidence presented by the plaintiff was uncontested and clearly established the defendant's liability.
The evidence presented by the plaintiff was uncontested and clearly established the defendant's liability.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is directed to pay to the plaintiff, an amount of 8,26,652/- (Rupees eight lakhs twenty six thousand six hundred and fifty two only) with interest at the rate of 6% per annum from the date of institution of the suit, till its realisation from the defendant and her assets.
Parties Involved
Plaintiffs
M/s. ICICI Bank Ltd. (Age not specified years)
Zonal Office, Pushpamangalam Estates, NH bye Pass, Edappally, Ernakulam, Pin - 682 025
Defendants
Aneesha Rasheed (34 years years)
Koorakadan Orna, Allapra, Vengola, Ernakulam – 683 556
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The court ordered the defendant to pay the outstanding loan amount of ₹8,26,652/- along with interest.
Evidence:
The defendant is directed to pay to the plaintiff, an amount of 8,26,652/- (Rupees eight lakhs twenty six thousand six hundred and fifty two only) with interest at the rate of 6% per annum from the date of institution of the suit, till its realisation from the defendant and her assets.
Relief Type:
Costs
Outcome:
Granted
Description:
The court granted the plaintiff the costs of the suit from the defendant.
Evidence:
Considering the nature of the suit and circumstances surrounding the suit, the plaintiff is entitled to the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Certified Copy of Power of Attorney
Submitted By:
Plaintiff
Relevance:
This document establishes the authority of the plaintiff's representative to act on behalf of the bank.
Reference:
Ext.A1
Document Type:
Preliminary Credit Facility Application form
Submitted By:
Plaintiff
Relevance:
This form was submitted by the defendant to apply for the business loan.
Reference:
Ext.A2
Document Type:
Credit Facility Application Form
Submitted By:
Plaintiff
Relevance:
This document outlines the specific terms of the credit facility extended to the defendant.
Reference:
Ext.A3
Document Type:
Loan recall notice
Submitted By:
Plaintiff
Relevance:
This notice demanded repayment of the outstanding loan amount.
Reference:
Ext.A4
Document Type:
Account statement along with IT Certificate
Submitted By:
Plaintiff
Relevance:
This document provides evidence of the outstanding amount owed by the defendant.
Reference:
Ext.A5