Case Summary
M/s. Indian Bank filed a suit against Sajayan M for realization of a loan amount that remains unpaid. The defendant failed to repay the loan amount as contracted.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of Rs.5,82,146/- with interest from the defendant.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing the claim for repayment of the loan amount.
Why Plaintiff Won:
The evidence clearly established that the defendant is indebted to the plaintiff bank.
The evidence clearly established that the defendant is indebted to the plaintiff bank.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
The oral as well as documentary evidence adduced from the side of plaintiff bank clearly established that the defendants are indebted to the plaintiff bank.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff is entitled to realise an amount of 5,82,146/- with interest at the rate of 11% per annum from the date of the suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s.Indian Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Sajayan.M
- Party Age
- 40
- Relation
- S/o
Plaintiffs Documents
Loan Application Form, Copy of Agreement with Sports Authority of India, Loan Sanction Letter, Disposal of Proceeds letter, Promissory Note, Agreement of Hypothecation, Details of Assets and Liabilities, Acknowledgment of Debt -cum Security, Demand Notice, Postal Receipt, Statement of accounts.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- I.Soufiuar
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- U.Ullas Kumar
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff's right to recover the money owed by the defendant.
Evidence:
The plaintiff is entitled to realise an amount of Rs.5,82,146/- (Rupees Five Lakh Eighty Two Thousand One Hundred and Forty Six only) from the defendant and his assets with interest thereon at the rate of 11% per annum from the date of the suit till the date of decree.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to claim costs associated with the suit.
Evidence:
Costs shall follow the event.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The document was submitted as part of the evidence showing the defendant's request for a loan.
Reference:
Ext.A1
Document Type:
Agreement with Sports Authority of India
Submitted By:
Plaintiff
Relevance:
This document shows the agreement related to the purpose for which the loan was taken.
Reference:
Ext.A2
Document Type:
Loan Sanction Letter
Submitted By:
Plaintiff
Relevance:
This letter indicates the formal approval of the loan amount to the defendant.
Reference:
Ext.A3
Document Type:
Disposal of proceeds letter
Submitted By:
Plaintiff
Relevance:
This letter likely details the disbursement of the loan amount to the defendant.
Reference:
Ext.A4
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
This note signifies the defendant's formal promise to repay the loan.
Reference:
Ext.A5
Document Type:
Agreement of Hypothecation
Submitted By:
Plaintiff
Relevance:
The document outlines the terms of hypothecation agreed upon for the loan.
Reference:
Ext.A6
Document Type:
Details of Assets and Liabilities
Submitted By:
Plaintiff
Relevance:
This document provides insights into the defendant's financial status as related to the loan.
Reference:
Ext.A7
Document Type:
Acknowledgment of Debt -cum Security
Submitted By:
Plaintiff
Relevance:
This acknowledges the debt owed by the defendant, enhancing the plaintiff's position.
Reference:
Ext.A8
Document Type:
Acknowledgment of Debt -cum Security
Submitted By:
Plaintiff
Relevance:
Another acknowledgment reinforcing the plaintiff's claim over the outstanding debt.
Reference:
Ext.A9
Document Type:
Demand Notice
Submitted By:
Plaintiff
Relevance:
This notice was sent to the defendant to recover the owed amounts.
Reference:
Ext.A10
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
This document confirms the sending of the demand notice to the defendant.
Reference:
Ext.A11
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document summarizes the financial transactions related to the loan.
Reference:
Ext.A12
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kollam
State
Kerala
Court Establishment
Munsiff Court Kollam
Common Reasons
Non-payment of rent
Case Code
Case between M/s.Indian Bank vs Sajayan.M regarding Realisation of Money
Case Code Year
Case between M/s.Indian Bank vs Sajayan.M regarding Realisation of Money