Case Summary
M/s. Kerala Gramin Bank filed a suit against Ruby Baby and Mohanan K.S for the recovery of a loan amount. The defendants defaulted on repayment, leading the bank to seek a decree for the owed sum plus interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of Rs.51,626 along with specified interest and costs.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided unrebutted evidence and documents proving the defendants' liability.
The plaintiff provided unrebutted evidence and documents proving the defendants' liability.
Judgment Evidence:
In the result, suit is decreed as follows: A) The plaintiff bank is allowed to recover Rs.51,626 together with interest at the rate of 9% per annum from the date of suit till the date of decree, and thereafter @ 6% per annum from the date of decree till entire realization in full from the defendants and their assets.
Parties Involved
Plaintiffs
M/s. Kerala Gramin Bank (Age not specified years)
Thrikkakara Branch Opp. Cardinal School, Judgemukku, Thrikkakara P.O, Kochi 682 021
Defendants
Ruby Baby (32 years)
'Kunnathu Krishnakripa', Thrikkakara North, Pin 683 503
Mohanan K.S (57 years)
'Kalathil Veedu, Kizhakkumpuram, Chendamangalam P.O, Ernakulam, Pin 683 512
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff bank is allowed to recover Rs.51,626 along with interest.
Evidence:
A) The plaintiff bank is allowed to recover Rs.51,626 (Rupees Fifty One thousand Six hundred and Twenty Six only) together with interest at the rate of 9% per annum from the date of suit till the date of decree, and thereafter @ 6% per annum from the date of decree till entire realization in full from the defendants and their assets.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff bank is entitled to get the costs of the suit from the defendants.
Evidence:
B) The plaintiff bank is also entitled to get the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Loan Application Form
Submitted By:
Plaintiff
Relevance:
This document relates to the loan applied for by the first defendant.
Reference:
Ext.A1
Document Type:
Agreement for General Consumption Loans
Submitted By:
Plaintiff
Relevance:
This document is the agreement executed for the loan taken by the first defendant.
Reference:
Ext.A2
Document Type:
Promissory note and Take delivery letter to DPN
Submitted By:
Plaintiff
Relevance:
This document is a promissory note signed by the defendants for the loan amount.
Reference:
Ext.A3
Document Type:
Computer printout of Statement of account
Submitted By:
Plaintiff
Relevance:
This document shows the status of the loan account from its inception until a specific date.
Reference:
Ext.A4
Document Type:
Acknowledgment of debt and security of borrower
Submitted By:
Plaintiff
Relevance:
This document is an acknowledgment of debt executed by the first defendant.
Reference:
Ext.A5
Document Type:
Acknowledgment of debt and security of borrower
Submitted By:
Plaintiff
Relevance:
This document is an acknowledgment of debt executed by the second defendant.
Reference:
Ext.A6