Case Summary
The plaintiff, State Bank of India, is seeking the recovery of an outstanding loan amount from the defendants. Defendants failed to repay the loan despite multiple reminders.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
An amount of Rs.3,68,676/- with interest at the rate of 13% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed in favor of the plaintiff, allowing the recovery of the outstanding loan amount. The defendants are required to pay the loan along with interest.
Why Plaintiff Won:
The evidence from the plaintiff clearly established the defendants' indebtedness.
The evidence from the plaintiff clearly established the defendants' indebtedness.
Losing Side's Weaknesses:
The evidence from the plaintiff clearly established the defendants' indebtedness.
The evidence from the plaintiff clearly established the defendants' indebtedness.
Supporting Evidence
The oral as well as documentary evidence adduced from the side of plaintiff bank clearly established that the defendants are indebted to the plaintiff bank.
Judgment Evidence:
In the result, the suit is decreed with costs as follows:- The plaintiff is entitled to realise an amount of Rs.3,68,676/- (Rupees Three Lakhs Sixty Eight Thousand Six Hundred and Seventy Six only) with interest at the rate of 13% per annum from the date of the suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India, Kollam
- Party Role
- Defendant
- Party Name
- Ganga. L
- Party Age
- 23
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Vidurar.G
- Party Age
- 69
- Relation
- S/o
Plaintiffs Documents
Education Loan Application dated 07-11-2013, Arrangement Letter dated 13-02-2014, Agreement for Term Loan dated 13-02-2014, Copy of Legal Notice dated 03-07-2023, Postal Receipt dated 03-07-2023, Acknowledgment Card, Copy of Legal Notice to the 2nd defendant dated 03-07-2023, Postal Receipt dated 03-07-2023, Statement of Accounts.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Ajith.A.Khader
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Jasmine.M.
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Sreejesh.R.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff seeks to recover the outstanding loan amount and interest.
Evidence:
The plaintiff is entitled to realize an amount of Rs.3,68,676/- with interest at the rate of 13% per annum.
Documents & Evidence
Document Type:
Education Loan Application
Submitted By:
Plaintiff
Relevance:
Proves the loan application submitted by the defendants for the education loan.
Reference:
Ext.A1
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Outlines the agreement details for the education loan granted.
Reference:
Ext.A2
Document Type:
Agreement for Term Loan
Submitted By:
Plaintiff
Relevance:
Formal agreement regarding the loan terms and repayment conditions.
Reference:
Ext.A3
Document Type:
Copy of legal notice
Submitted By:
Plaintiff
Relevance:
Evidence that a legal notice was served to the defendants regarding non-payment.
Reference:
Ext.A4
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Confirms that the legal notice was sent to the first defendant.
Reference:
Ext.A5
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Shows the acknowledgment of receipt for the legal notice.
Reference:
Ext.A6
Document Type:
Copy of legal notice
Submitted By:
Plaintiff
Relevance:
Evidence that a legal notice was served to the second defendant.
Reference:
Ext.A7
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Confirms that the legal notice was sent to the second defendant.
Reference:
Ext.A8
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Demonstrates the outstanding loan balance and interest due.
Reference:
Ext.A9
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kollam
State
Kerala
Court Establishment
Munsiff Court Kollam
Common Reasons
Non-payment of rent
Case Code
Case between State Bank of India, Kollam vs Ganga. L et al regarding Realisation of Money
Case Code Year
Case between State Bank of India, Kollam vs Ganga. L et al regarding Realisation of Money