Case Summary
The South Indian Bank filed a suit against M/s. Dreamlife Wellness Centre and its proprietor, Boby George, for the recovery of money due from loans taken by the defendants. The defendants defaulted in repayment, leading to the bank seeking legal recourse.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs.6,36,623.73 with interest @ 10.90% per annum and Rs.1,11,656.46 with interest @ 9.25% per annum along with penal interest to the plaintiff.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established a case with unchallenged evidence and documentation.
The plaintiff established a case with unchallenged evidence and documentation.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendants shall pay Rs.6,36,623.73 with interest @ 10.90% per annum and Rs.1,11,656.46 with interest @ 9.25% per annum along with penal interest @ 2% from the date of suit till the date of decree and 6% from the date of decree till payment or realization, as the case may be, to the plaintiff.
Parties Involved
Plaintiffs
The South Indian Bank Ltd. (Age not specified years)
Thrikkakkara Branch, Ground Floor, Johns Tower, Club Junction Edappally Pookkattupady Road, Edappally.P.O., Pin – 682 024.
Defendants
M/s. Dreamlife Wellness Centre (Age not specified years)
IV/892 B2, Edappally Thrikkakkara Road, Ernakulam – 682 024.
Mr. Boby George (51 years)
Robin Prince, Onassil House, Kakkad.P.O., Piravom, Pin – 686 664.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendants shall pay Rs.6,36,623.73 with interest @ 10.90% per annum and Rs.1,11,656.46 with interest @ 9.25% per annum along with penal interest.
Evidence:
In the result, suit is decreed as follows: 1) Defendants shall pay Rs.6,36,623.73/- with interest @ 10.90% per annum and Rs.1,11,656.46/- with interest @ 9.25 % per annum along with penal interest @ 2% from the date of suit till the date of decree and 6% from the date of decree till payment or realization, as the case may be, to the plaintiff.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is also entitled to realize the costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
These documents were marked and remained unchallenged, supporting the plaintiff's claim for money.
Reference:
Exts.A1 to A12