Case Summary
The case involves the State Bank of India seeking recovery of a loan amount from Anilkumar Purushothaman. The defendant defaulted on the repayment of a personal loan sanctioned to him.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realisation of ₹.2,80,372/- along with 9% interest from the defendant.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, allowing the bank to recover the claimed amount from the defendant.
Why Plaintiff Won:
The plaintiff's bank is entitled to the relief based on evidence of default in repayment of the loan.
The plaintiff's bank is entitled to the relief based on evidence of default in repayment of the loan.
Losing Side's Weaknesses:
Not available
Not available
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 ₹.2,80,372/- (Rupees Two Lakhs Eighty Thousand Three Hundred And Seventy Two 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.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Party Role
- Defendant
- Party Name
- Anilkumar Purushothaman
- Party Age
- 45
- Relation
- S/o
Plaintiffs Documents
Xpress Credit Loan application, Arrangement letter, Personal Loan agreement, Letter to the defendant, Letter of undertaking and request for regularization, Copy of lawyer notice, Postal acknowledgment card, Statement of account.
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 is allowed to recover the loan amount due.
Evidence:
The plaintiff’s firm is allowed to realize the plaint claim of ₹.2,80,372/- and also to realize 9% interest from the defendant.
Documents & Evidence
Document Type:
Xpress Credit Loan Application
Submitted By:
Plaintiff
Relevance:
Used to establish the loan application submitted by the defendant.
Reference:
Ext.A1
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Used to describe the terms of the loan agreement.
Reference:
Ext.A2
Document Type:
Personal Loan Agreement
Submitted By:
Plaintiff
Relevance:
Used to detail the obligations of the defendant regarding the loan repayment.
Reference:
Ext.A3
Document Type:
Copy of the letter to the defendant
Submitted By:
Plaintiff
Relevance:
Used to show communication regarding the loan status.
Reference:
Ext.A4
Document Type:
Letter of undertaking and request for regularization
Submitted By:
Plaintiff
Relevance:
Used to indicate the defendant's request to regularize the loan.
Reference:
Ext.A5
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Used to establish the notification sent to the defendant regarding loan default.
Reference:
Ext.A6
Document Type:
Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
Used to demonstrate that the defendant received the lawyer's notice.
Reference:
Ext.A7
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Used to show the financial status of the defendant's loan account.
Reference:
Ext.A8
Document Type:
Ledger Screen shot
Submitted By:
Plaintiff
Relevance:
Used to provide an overview of transactions in the defendant's loan account.
Reference:
Ext.A9
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 vs Anilkumar Purushothaman regarding realisation of money.
Case Code Year
Case between State Bank of India vs Anilkumar Purushothaman regarding realisation of money.