Case Summary
The plaintiff, M/s. Kerala Gramin Bank, is seeking to recover money from the defendants due to irregular payments on a loan. The defendants failed to repay the loan amount of Rs. 2,60,276 along with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs. 2,60,276 along with interest at 13.5% per annum from 24.10.2019 till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff has established a case for recovery based on unchallenged documents.
Plaintiff has established a case for recovery based on unchallenged documents.
Judgment Evidence:
In the result, suit is decreed as follows: 1) 1st and 3rd defendants shall pay Rs.2,60,276 along with interest @13.5% per annum from 24.10.2019 till the date of decree.
Parties Involved
Plaintiffs
M/s. Kerala Gramin Bank (Age not specified years)
Kaloor Branch, Deshabhimani Road, Kaloor, Kochi – 682 017
Defendants
Naveenchandran.O. (45 years)
38/402, Sales Tax Consultant, ‘Smruthi’, Alinchuvadu, Edappally.P.O., Kochi – 682 024
T.A. Yamuna (74 years)
38/402, ‘Smruthi’, Alinchuvadu, Edappally.P.O., Kochi, Pin – 682 024
K.N.Ajithkumar (49 years)
‘Kulathungal’ House, Kurumasserry.P.O., Aluva
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of Rs.2,60,276 along with interest from the defendants.
Evidence:
plaintiff is entitled to realize an amount of Rs.2,60,276 with interest from 1st and 3rd defendants.
Relief Type:
Other
Outcome:
Granted
Description:
Personal liability of the defendants to satisfy the decree debt.
Evidence:
1st and 3rd defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff entitled to realize the costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Application for Loan
Submitted By:
Plaintiff
Relevance:
Document submitted by the first defendant to the plaintiff for loan application.
Reference:
Ext.A1
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Receipt issued by the first defendant for the loan amount received.
Reference:
Ext.A2
Document Type:
Memorandum of Agreement
Submitted By:
Plaintiff
Relevance:
Agreement executed by the defendants in favor of the plaintiff.
Reference:
Ext.A3
Document Type:
Certified true statement of Account
Submitted By:
Plaintiff
Relevance:
Statement detailing the defendant's loan account.
Reference:
Ext.A4
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Debt acknowledgment executed by the first defendant in favor of the plaintiff.
Reference:
Ext.A5
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Another acknowledgment of debt executed by the first defendant in favor of the plaintiff.
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Further acknowledgment of debt executed by the first defendant in favor of the plaintiff.
Reference:
Ext.A7
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Another acknowledgment of debt executed by the first defendant in favor of the plaintiff.
Reference:
Ext.A8
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Final acknowledgment of debt executed by the first defendant in favor of the plaintiff.
Reference:
Ext.A9