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
The suit is decreed in favor of the plaintiff, allowing recovery of the loan amount with specified interest rates. The defendants are held liable to satisfy the decree.
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.
Losing Side's Weaknesses:
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.
Supporting Evidence
On perusal of the plaint, proof affidavit and documents produced, I am of the view that plaintiff has established a case and plaintiff is entitled to realize an amount of Rs.5,09,386.82/- with interest from defendants.
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
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Anandhu Murali
- Party Age
- 28
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Mini T N
- Party Age
- 49
- Relation
- D/o
Plaintiffs Documents
Loan agreement letter dated 04.08.2016, Loan agreement, Agreement with respect to interest subsidy, Legal notice, Return envelope, Computer generated statement of account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Mumtaz Shamsuddin
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Alisha Aslam
- Appearance Type
- Assisting Counsel
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
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Non-payment of rent
Case Code
Case between State Bank of India vs Anandhu Murali, Mini T N regarding realization of money.
Case Code Year
Case between State Bank of India vs Anandhu Murali, Mini T N regarding realization of money.