Case Summary
Punjab National Bank is suing Shejoy T.J. and Jojan T.X. for the repayment of an education loan given for higher education. The defendants defaulted on the loan, leading to the bank classifying their account as a non-performing asset.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize a sum of Rs. 5,18,665 with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The evidence provided by the plaintiff was uncontroverted and established the claim for recovery of the loan amount.
The evidence provided by the plaintiff was uncontroverted and established the claim for recovery of the loan amount.
Judgment Evidence:
In the result, suit is decreed as follows. 1. Plaintiff is entitled to realize a sum of Rs. 5,18,665 from the defendants and from their assets.
Parties Involved
Plaintiffs
Punjab National Bank (Age not specified years)
Branch Office, M.G. Road, Ravipuram, Kochi682 016
Defendants
Shejoy T.J. (20 years)
Thottappillyl House, Pallathuruthu, Kadavanthra, Ernakulam, Kochi682 020
Jojan T.X. (47 years)
Thottappillyl House, Pallathuruthu, Kadavanthra, Ernakulam, Kochi682 020
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize a sum of Rs.5,18,665 from the defendants.
Evidence:
In the result, suit is decreed as follows. Plaintiff is entitled to realize a sum of Rs.5,18,665 from the defendants and from their assets.
Relief Type:
Damages
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest @ 12% per annum from the date of suit till date of decree.
Evidence:
Plaintiff is entitled to realize interest @ 12% per annum for Rs.5,18,665 from the date of suit till date decree from the defendants and from their assets.
Relief Type:
Damages
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest @ 6% per annum from date of decree till date of realization.
Evidence:
Plaintiff is entitled to realize interest @ 6% per annum for Rs.5,18,665 from date of decree till date of realization from the defendants and from their assets.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize costs of the suit.
Evidence:
Plaintiff is entitled to realize costs of the suit from defendants and from their assets.
Documents & Evidence
Document Type:
Original agreement of education loan
Submitted By:
Plaintiff
Relevance:
Executed by defendant.
Reference:
Ext.A1
Document Type:
Annexure I Agreement of education loan
Submitted By:
Plaintiff
Relevance:
Related to the original loan agreement.
Reference:
Ext.A2
Document Type:
Original balance and security confirmation letter
Submitted By:
Plaintiff
Relevance:
Document confirming the balance and security.
Reference:
Ext.A3
Document Type:
Original balance and security confirmation letter
Submitted By:
Plaintiff
Relevance:
Another confirmation of the balance and security.
Reference:
Ext.A4
Document Type:
Copy of Lawyer's notice
Submitted By:
Plaintiff
Relevance:
Legal notice sent to the defendants.
Reference:
Ext.A5
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Acknowledgment of receipt of communication.
Reference:
Ext.A6
Document Type:
Statement of account of the defendant
Submitted By:
Plaintiff
Relevance:
Statement detailing the amount due from the defendants.
Reference:
Ext.A7
Document Type:
Oral Evidence
Submitted By:
Unknown
Relevance:
Unrebutted oral testimony of PW1 established the plaintiff's case.
Reference: