Case Summary
The plaintiff, M/s IDBI Bank, seeks to recover a loan amount from the defendant, Shri. Sajeeb V.S, who defaulted on repayment. The bank issued notices and filed the suit after the defendant failed to respond to the demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize a sum of Rs.4,57,527.79 from the defendant, with interest and costs.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unrebutted oral testimony and evidence established the plaintiff's claim against the defendant.
The unrebutted oral testimony and evidence established the plaintiff's claim against the defendant.
Judgment Evidence:
In the result, suit is decreed as follows; The plaintiff is entitled to realize a sum of Rs.4,57,527.79 from the defendant and from his assets.
Parties Involved
Plaintiffs
M/s IDBI Bank (Age not specified years)
IDBI Building, near Regional Passport office, Panampilly Nagar, Ernakulam, Kochi-682036
Defendants
Shri. Sajeeb V.S (37 years years)
19/1151-E, Valliyemgal house, Velikkakath, 40 Feet Road, Palluruthi P.O, Kochi - 682006
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the amount due from the defendant.
Evidence:
In the result, suit is decreed as follows; The plaintiff is entitled to realize a sum of Rs.4,57,527.79 from the defendant and from his assets.
Relief Type:
Damages
Outcome:
Granted
Description:
The plaintiff is entitled to recover interest on the due amount.
Evidence:
The plaintiff is entitled to realize interest @ 12% per annum for Rs.4,57,527.79 from the date of suit till date decree from the defendant and from his assets.
Relief Type:
Damages
Outcome:
Granted
Description:
The plaintiff is entitled to recover interest from the date of decree until realization.
Evidence:
The plaintiff is entitled to realize interest @ 6% per annum for Rs.4,57,527.79 from date of decree till date of realization from the defendant and from his assets.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff is entitled to recover costs of the suit from the defendant.
Evidence:
The plaintiff is entitled to realize costs of the suit from defendant and from his assets.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document serves as proof of the loan agreement between the plaintiff and the defendant.
Reference:
Ext.A1
Document Type:
Loan Sanction Letter
Submitted By:
Plaintiff
Relevance:
This document confirms the approval of the loan to the defendant.
Reference:
Ext.A2
Document Type:
Hypothecation-Cum-Loan Agreement
Submitted By:
Plaintiff
Relevance:
This agreement outlines the terms of the loan provided to the defendant.
Reference:
Ext.A3
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
This document secures the loan with a guarantee.
Reference:
Ext.A4
Document Type:
Lawyer's Notice
Submitted By:
Plaintiff
Relevance:
This notice was sent to the defendant regarding the loan default.
Reference:
Ext.A5
Document Type:
Demand Notice
Submitted By:
Plaintiff
Relevance:
This document serves as a formal demand for repayment sent to the defendant.
Reference:
Ext.A6
Document Type:
Unclaimed Notice
Submitted By:
Plaintiff
Relevance:
This notice indicates that the legal notice sent to the defendant was unclaimed.
Reference:
Ext.A7