Case Summary
M/s. ICICI Bank Ltd. is suing Jayakrishnan V for the recovery of a loan amount. Jayakrishnan failed to repay the loan, and the bank seeks to recover the outstanding amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
An amount of ₹3,75,120.44 with interest at the rate of 6% per annum from the date of institution of the suit.
Case Type
Civil Suit
Final Judgment
No
The court found in favor of the plaintiff, ordering the defendant to repay a total amount of ₹3,75,120.44 with interest. The plaintiff is entitled to recover costs as well.
Why Plaintiff Won:
The evidence tendered by PW1 was uncontested and sufficient to prove the plaintiff's case.
The evidence tendered by PW1 was uncontested and sufficient to prove the plaintiff's case.
Losing Side's Weaknesses:
The evidence tendered by PW1 was uncontested and sufficient to prove the plaintiff's case.
The evidence tendered by PW1 was uncontested and sufficient to prove the plaintiff's case.
Supporting Evidence
From the uncontested evidence of the PW1, I am of the opinion that the case of the plaintiff stands proved. There is no reason to disbelieve the evidence tendered by PW1.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is directed to pay to the plaintiff, an amount of 3,75,120.44/- with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s. ICICI Bank Ltd.
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Jayakrishnan V
- Party Age
- 32
- Relation
- S/o
Plaintiffs Documents
Certified copy of the Power of Attorney, Preliminary Credit facility application form, Credit facility application form, True copy of the loan recall notice, Computer generated loan account details
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Lal K Joseph
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- P. Muraleedharan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Manuel K. M
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sethukrishna R. S
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Chacko Mathews K
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sarun K Idicula
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Swapna Sasidharan
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant is directed to pay to the plaintiff an amount of 3,75,120.44/- with interest.
Evidence:
The defendant is directed to pay to the plaintiff, an amount of 3,75,120.44/- with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation from the defendant or his assets.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff is entitled to 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 the Power of Attorney
Submitted By:
Plaintiff
Relevance:
Used to establish the authority of the plaintiff to file the case.
Reference:
Ext.A1
Document Type:
Preliminary Credit Facility Application form
Submitted By:
Plaintiff
Relevance:
Used to show the initial loan application submitted by the defendant.
Reference:
Ext.A2
Document Type:
Credit Facility Application Form
Submitted By:
Plaintiff
Relevance:
Serves as evidence of the terms of the loan agreement.
Reference:
Ext.A3
Document Type:
True copy of the loan recall notice
Submitted By:
Plaintiff
Relevance:
Demonstrates the demand for repayment made to the defendant.
Reference:
Ext.A4
Document Type:
Computer generated loan account details
Submitted By:
Plaintiff
Relevance:
Details the outstanding amount owed by the defendant.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Non-payment of rent
Case Code
Case between M/s. ICICI Bank Ltd. vs Jayakrishnan V regarding realisation of money
Case Code Year
Case between M/s. ICICI Bank Ltd. vs Jayakrishnan V regarding realisation of money