Case Summary
This case involves M/s. ICICI Bank Ltd. suing Sizad Iqbal for the recovery of a loan amount due to non-repayment. The defendant failed to appear in court, resulting in an ex-parte judgment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs.2,67,939 along with interest @11.69% per annum and @6% from the date of decree until payment.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff established a case due to defendant's failure to repay the loan despite repeated notices.
Plaintiff established a case due to defendant's failure to repay the loan despite repeated notices.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendant shall pay Rs.2,67,939 along with interest @11.69% per annum from 21.08.2020 till the date of decree and @6% from the date of decree till the date of payment or realization, as the case may be, to the plaintiff.
Parties Involved
Plaintiffs
M/s. ICICI Bank Ltd. (Age not specified years)
Zonal Office, Pushapamangalam Estates, NH Bye Pass, Edappally, Ernakulam, Pin – 695 025
Defendants
Sizad Iqbal (34 years)
AR Manzil, TC 63/3176, Ambalathara Near Milma Office, Poonithura, Thiruvananthapuram, Pin – 695 026
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant shall pay Rs.2,67,939 along with interest.
Evidence:
In the result, suit is decreed as follows: 1) Defendant shall pay Rs.2,67,939 (Rupees Two lakhs sixty seven thousand nine hundred and thirty nine only) along with interest @11.69% per annum from 21.08.2020 till the date of decree and @ 6% from the date of decree till the date of payment or realization, as the case may be, to the plaintiff.
Relief Type:
Other
Outcome:
Granted
Description:
Defendant shall be personally liable to satisfy the decree debt.
Evidence:
2) Defendant shall be personally and his assets shall also be liable to satisfy the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit.
Evidence:
3) Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Power of Attorney
Submitted By:
Plaintiff
Relevance:
This document is a true copy of the Power of Attorney.
Reference:
Ext.A1
Document Type:
Preliminary Credit Facility Application form
Submitted By:
Plaintiff
Relevance:
This document shows that the defendant applied for a preliminary credit facility from the plaintiff bank.
Reference:
Ext.A2
Document Type:
Credit Facility Application Form
Submitted By:
Plaintiff
Relevance:
This document is the credit facility application form submitted by the defendant.
Reference:
Ext.A3
Document Type:
Loan recall notice
Submitted By:
Plaintiff
Relevance:
This document is a true copy of the loan recall notice issued to the defendant.
Reference:
Ext.A4
Document Type:
Account Statement
Submitted By:
Plaintiff
Relevance:
This document is a true copy of the account statement showing the defendant's default in repayment of the loan.
Reference:
Ext.A5