Case Summary
State Bank of India filed a suit against Ann Mary Sunny Pallan and Jancy Sunny for the recovery of an outstanding education loan amount. The defendants failed to repay the loan, resulting in the account being classified as a Non-Performing Asset.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants ordered to pay ₹6,26,164 with 9% interest per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unchallenged proof affidavit and documents satisfactorily proved the plaint claim.
The unchallenged proof affidavit and documents satisfactorily proved the plaint claim.
Judgment Evidence:
The suit is decreed directing the defendant to pay an amount of 6,26,164/- with 9% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
State Bank of India (Age not specified years)
Retail Assets Centralised processing centre (RACPC), 1st floor, Vankarath towers, Pipeline road, Bypass Junction, Palarivattom, Ernakulam – 682 024
Defendants
Ann Mary Sunny Pallan (27 years years)
Pallan’s house, Ayyappankavu, Chittoor, Sanan clinic, Ernakualm – 682 018
Jancy Sunny (56 years years)
Pallan’s house, Ayyappankavu, Chittoor, Sanan Clinic, Ernakualm – 682 018
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of the outstanding loan amount.
Evidence:
The suit is decreed directing the defendant to pay an amount of 6,26,164/- with 9% interest per annum from the date of suit till the date of decree.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff sought costs of the litigation.
Evidence:
The plaintiff is also entitled to the costs of the litigation.
Documents & Evidence
Document Type:
Application cum appraisal form for Educational loan
Submitted By:
Plaintiff
Relevance:
Submitted by the defendant as part of the loan application process.
Reference:
Ext.A1
Document Type:
Arrangement letter for Term loan under Educational loan schemes
Submitted By:
Plaintiff
Relevance:
Details the terms of the loan provided to the defendants.
Reference:
Ext.A2
Document Type:
Agreement for term loan under Educational loan schemes
Submitted By:
Plaintiff
Relevance:
Executed agreement detailing the obligations of the defendants.
Reference:
Ext.A3
Document Type:
Copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
Notice issued to the defendants regarding the outstanding loan.
Reference:
Ext.A4
Document Type:
Notice addressed to defendant
Submitted By:
Plaintiff
Relevance:
Notice returned unserved indicating the defendants could not be reached.
Reference:
Ext.A5
Document Type:
Notice addressed to defendant
Submitted By:
Plaintiff
Relevance:
Another notice that was returned unserved, further confirming inability to reach defendants.
Reference:
Ext.A6
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Document showing the financial details of the loan account until the specified date.
Reference:
Ext.A7