Case Summary
The plaintiff, State Bank of India, is seeking recovery of an outstanding loan from the defendants, Sanjay J and R.Jayakumar. The defendants defaulted on a term loan taken for educational purposes, leading the bank to classify the account as a Non-Performing Asset.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay an amount of 5,68,360/- 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:
In the result, the suit is decreed directing the defendant to pay an amount of 5,68,360/- (Rupees Five Lakhs Sixty Eight Thousand Three Hundred and Sixty Only) with 9% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
Indu T (45 years)
Retail Assets Centralised processing centre (RACPC), 1st Floor, Vanakarath Towers, Pipeline road, Bypass junction, Palarivattom, Ernakulam – 682 024
Defendants
Sanjay J (26 years)
Sreenilayam, Muthukattukara, Nooranad P.O, Alappuzha 690 504 also at Kallungal house, PRRA 29, Puthedath road, North Kalamassery, Ernakulam – 683 104
R.Jayakumar (54 years)
Sreenilayam, Muthukattukara, Noornad P.O, Alappuzha – 690 504 also at Kallungal house, PRRA 29, Puthedath road, North Kalamassery, Ernakulam – 683 104
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the total loan amount due.
Evidence:
The suit is decreed directing the defendant to pay an amount of 5,68,360/- (Rupees Five Lakhs Sixty Eight Thousand Three Hundred and sixty Only) with 9% interest per annum from the date of suit till the date of decree.
Documents & Evidence
Document Type:
Application cum appraisal form for Education loan
Submitted By:
Plaintiff
Relevance:
This document is part of the evidence supporting the loan application submitted by the defendants.
Reference:
Ext.A1
Document Type:
Arrangement letter issued by the plaintiff
Submitted By:
Plaintiff
Relevance:
This letter outlines the terms and conditions accepted by the defendants regarding the loan.
Reference:
Ext.A2
Document Type:
Agreement for Term Loan
Submitted By:
Plaintiff
Relevance:
This agreement details the financial obligation of the defendants to repay the loan amount.
Reference:
Ext.A3
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
This notice was sent to the defendants demanding repayment of the loan.
Reference:
Ext.A4
Document Type:
Notice to the 1st defendant returned unclaimed
Submitted By:
Plaintiff
Relevance:
This document indicates that the notice sent to the first defendant could not be served.
Reference:
Ext.A5
Document Type:
Acknowledgment card signed by 2nd defendant
Submitted By:
Plaintiff
Relevance:
This acknowledgment confirms receipt of the notice by the second defendant.
Reference:
Ext.A6
Document Type:
Certified copy of Statement of loan account
Submitted By:
Plaintiff
Relevance:
This statement provides a detailed account of the loan transactions and outstanding amounts.
Reference:
Ext.A7