Case Summary
M/s.Kerala Gramin Bank filed a suit against Sagar Satish for the recovery of a loan amount. The defendant defaulted on repayments, leading the bank to seek judicial assistance to recover the dues.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant ordered to pay Rs.2,13,401.81 along with interest and costs.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unrebutted evidence established the defendant's liability to the plaintiff.
The unrebutted evidence established the defendant's liability to the plaintiff.
Judgment Evidence:
In the result, suit is decreed as follows, 1. The plaintiff is entitled to realize Rs.2,13,401.81/- (Rupees Two Lakh and Thirteen Thousand Four Hundred and One and Eighty One paise only) from the defendant and from his assets.
Parties Involved
Plaintiffs
M/s.Kerala Gramin Bank (Age not specified years)
Mulanthuruthy Branch, Palal Buildings, Mulanthuruthy, Ernakulam District
Defendants
Sagar Satish (28 years)
‘Thachethu' House, Chakkulangara, South Paravur, Manakunnam Village, Kanayannur Taluk, Ernakulam District, Pin-682 307
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize Rs.2,13,401.81 from the defendant.
Evidence:
In the result, suit is decreed as follows, 1.The plaintiff is entitled to realize Rs.2,13,401.81 from the defendant and from his assets.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff entitled to realize interest at 12% per annum on Rs.2,13,401.81 from the date of suit till date of decree.
Evidence:
2. The plaintiff is entitled to realize interest @ 12% per annum for Rs.2,13,401.81 from the date of suit till date of decree from the defendant and from his assets.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff entitled to realize interest at 6% per annum on Rs.2,13,401.81 from date of decree till date of realization.
Evidence:
3. The plaintiff is entitled to realize interest @ 6% per annum for Rs.2,13,401.81 from date of decree till date of realization from the defendant and from his assets.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff entitled to recover costs of the suit from the defendant.
Evidence:
4. The plaintiff is entitled to realize costs of the suit from the defendant and from his assets.
Documents & Evidence
Document Type:
Original loan application
Submitted By:
Plaintiff
Relevance:
Submitted by the defendant to obtain a loan.
Reference:
Ext.A1
Document Type:
Original Agreement for MSME Working capital Lilits-CC & OD
Submitted By:
Plaintiff
Relevance:
Executed by the defendant in favor of the plaintiff for the loan.
Reference:
Ext.A2
Document Type:
Original Request for Overdraft Facilities
Submitted By:
Plaintiff
Relevance:
Submitted by the defendant to the plaintiff as part of loan processing.
Reference:
Ext.A3
Document Type:
Original promissory note
Submitted By:
Plaintiff
Relevance:
Executed by the defendant in favor of the plaintiff to secure the loan.
Reference:
Ext.A4
Document Type:
Original Take Delivery Letter to DPN
Submitted By:
Plaintiff
Relevance:
Executed by the defendant in favor of the plaintiff as part of the loan terms.
Reference:
Ext.A5
Document Type:
Statement of Account of defendant’s loan transaction
Submitted By:
Plaintiff
Relevance:
Provided evidence of the defendant's loan transactions and outstanding amount.
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment executed by the defendant, confirming the outstanding debt.
Reference:
Ext.A7
Document Type:
Copy of Lawyers Notice
Submitted By:
Plaintiff
Relevance:
Evidence of the plaintiff's demand for payment from the defendant.
Reference:
Ext.A8
Document Type:
Original returned postal envelope
Submitted By:
Plaintiff
Relevance:
Returned envelope indicating that the plaintiff's notice was unserved.
Reference:
Ext.A9