Case Summary
The State Bank of India has filed a suit against Ratheesh Sadanandan for the recovery of an outstanding loan amount. The defendant defaulted on the repayment of a loan of ₹80,000 availed on 22.03.2022, leading to the plaintiff's claim for the outstanding amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff’s firm is allowed to realize the plaint claim of ₹46,946 and 9% interest from the defendant.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, allowing the recovery of the claimed amount along with interest. The defendant is ordered to pay ₹46,946 along with 9% interest from the date of the suit until realization.
Why Plaintiff Won:
The plaintiff's bank provided unrebutted evidence supporting their case.
The plaintiff's bank provided unrebutted evidence supporting their case.
Losing Side's Weaknesses:
The plaintiff's bank provided unrebutted evidence supporting their case.
The plaintiff's bank provided unrebutted evidence supporting their case.
Supporting Evidence
From the unrebutted evidence adduced by plaintiff Bank, I hold that the plaintiff’s bank is entitled to the relief as prayed for.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff’s firm is allowed to realize the plaint claim of ₹46,946 and also to realize 9% interest from the defendant and his assets from the date of the suit ie, 12.04.2024 till realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India, Kulasekharamangalam Branch
- Party Role
- Defendant
- Party Name
- Ratheesh Sadanandan
- Party Age
- 43
- Relation
- S/o
Plaintiffs Documents
Copy of Xpress Credit Insta Top Up Loan Terms and Conditions, Copy of Lawyer Notice, Postal acknowledgment Card, Statement of account in account No. 40868332362 of the defendant, Copy of Ledger Screen shot in account No. 40868332362 of the defendant
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- M.P. Muraleedharan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sindhumol.S
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff’s bank is allowed to realize the plaint claim.
Evidence:
The plaintiff’s firm is allowed to realize the plaint claim of ₹46,946/-(Rupees Forty Six Thousand Nine Hundred and Forty Six only) and also to realize 9% interest from the defendant and his assets from the date of the suit ie, 12.04.2024 till realization.
Documents & Evidence
Document Type:
Xpress Credit Loan Insta Top Up Loan Terms and Conditions
Submitted By:
Plaintiff
Relevance:
Used to establish the terms under which the loan was granted.
Reference:
Ext.A1
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Served as a formal notice for the default in loan repayment.
Reference:
Ext.A2
Document Type:
Postal Acknowledgement Card
Submitted By:
Plaintiff
Relevance:
Provided evidence of the defendant's receipt of legal notice.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Showed the details of the account under which the loan was issued.
Reference:
Ext.A4
Document Type:
Ledger Screen shot
Submitted By:
Plaintiff
Relevance:
Supported the plaintiff's claim regarding outstanding payments.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court Vaikom
Common Reasons
Non-payment of rent
Case Code
Case between State Bank of India, Kulasekharamangalam Branch, represented by its Branch Manager, Akhila K Ponnan vs Ratheesh Sadanandan regarding realisation of money
Case Code Year
Case between State Bank of India, Kulasekharamangalam Branch, represented by its Branch Manager, Akhila K Ponnan vs Ratheesh Sadanandan regarding realisation of money