Case Summary
The plaintiff, State Bank of India, has filed a suit against the defendants, Anandhu Murali and Mini T N, for recovery of an outstanding educational loan amount. The defendants defaulted in payment and the bank seeks to recover a sum along with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs.5,09,386.82/- along with interest @11.1% per annum and costs of the suit.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff has established a case with sufficient evidence and documentation regarding the outstanding loan.
Plaintiff has established a case with sufficient evidence and documentation regarding the outstanding loan.
Judgment Evidence:
In the result, suit is decreed as follows: Defendants shall pay Rs.5,09,386.82/- (Rupees Five lakhs nine thousand three hundred eighty six and eighty two paise only) along with interest @11.1% per annum from the date of suit till the date of decree and 6% from the date of decree till realization, as the case may be, to the plaintiff.
Parties Involved
Plaintiffs
State Bank of India (Age not specified years)
RACPC-2, Panampilly Nagar, Ernakulam, Pin - 682 036.
Defendants
Anandhu Murali (28 years)
Chithram House, KP Vallon Road, Kadavanthra, Pin - 682 020.
Mini T N (49 years)
Chithram House, K P Vallon Road, Kadavanthra, Pin - 682 020.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendants shall pay Rs.5,09,386.82/- along with interest @11.1% per annum from the date of suit till the date of decree and 6% from the date of decree till realization.
Evidence:
In the result, suit is decreed as follows: Defendants shall pay Rs.5,09,386.82/- along with interest @11.1% per annum from the date of suit till the date of decree and 6% from the date of decree till realization.
Relief Type:
Other
Outcome:
Granted
Description:
Defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
Evidence:
Defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
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 Letter
Submitted By:
Plaintiff
Relevance:
Copy of loan agreement letter dated 04.08.2016.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Copy of arrangement dated 04.08.2016.
Reference:
Ext.A2
Document Type:
Agreement with respect to interest subsidy
Submitted By:
Plaintiff
Relevance:
Agreement dated 04.08.2016 with respect to interest subsidy executed between the plaintiff and defendants.
Reference:
Ext.A3
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
Copy of legal notice dated 26.09.2024.
Reference:
Ext.A4
Document Type:
Returned Envelope
Submitted By:
Plaintiff
Relevance:
Returned envelope with endorsement 'no such addressee'.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
True copy of the computer generated statement of account duly certified under the Banker's Book Evidence Act relating to the loan facility availed by defendant.
Reference:
Ext.A6