Case Summary
This case involves The South Indian Bank Ltd. seeking to recover money from Binu Peter Payyoor, who defaulted on a personal loan. The bank claims that an amount of Rs. 3,64,694.80 is due as per the loan agreement.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs. 3,64,694.80 along with interest @ 12.95% per annum.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff established a case due to the default in repayment of the loan.
Plaintiff established a case due to the default in repayment of the loan.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendants shall pay Rs. 3,64,694.80/- along with interest @ 12.95 % per annum from the date of suit till the date of decree...
Parties Involved
Plaintiffs
The South Indian Bank Ltd. (Age not specified years)
SIB House, Mission Quarters, TB Road, Thrissur- 680 001
Defendants
Binu Peter Payyoor (47 years)
Flat No. 2G, DD Silverstone, Padam Road, Vaduthala, Ernakulam District, Pin- 682 023
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover Rs.3,64,694.80 from the defendant along with interest.
Evidence:
Plaintiff has established a case and plaintiff is entitled to realize an amount of Rs.3,64,694.80/- with interest from the defendant.
Relief Type:
Damages
Outcome:
Granted
Description:
Plaintiff is entitled to interest at the rate of 12.95% per annum from the date of suit till the date of decree.
Evidence:
Plaintiff is entitled to interest at the rate of 12.95 % per annum from the date of suit till the date of decree.
Relief Type:
Damages
Outcome:
Granted
Description:
Plaintiff is entitled to 6% interest from the date of decree till payment or realization.
Evidence:
Plaintiff is entitled to interest at the rate of 12.95 % per annum from the date of suit till the date of decree, and 6% from the date of decree till the date of payment or realization.
Documents & Evidence
Document Type:
Terms and Conditions
Submitted By:
Plaintiff
Relevance:
Shows the terms and conditions accepted by the defendant.
Reference:
Ext.A1
Document Type:
Statement of Loan Account
Submitted By:
Plaintiff
Relevance:
Certified statement of loan account No. 0025651000000585.
Reference:
Ext.A2
Document Type:
Account Statement of Savings Account
Submitted By:
Plaintiff
Relevance:
Certified account statement of savings account No. 0025053000016301.
Reference:
Ext.A3
Document Type:
Certified Computer Printout of Log Report
Submitted By:
Plaintiff
Relevance:
Certified computer printout of log report pertaining to loan account No. 0025651000000585.
Reference:
Ext.A4