Case Summary
The plaintiff, STATE BANK OF INDIA, is seeking to recover an outstanding loan amount from the defendant, ARCHANA PRADEEP, who defaulted on her loan repayments. The court found in favor of the plaintiff based on the evidence provided.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant is directed to pay an amount of Rs.19,66,689/- to the plaintiff.
Case Type
Commercial Suit
Final Judgment
No
The court decreed that the defendant is liable to repay the outstanding amount of Rs.19,66,689/- to the plaintiff. The plaintiff was also granted interest and costs of the suit.
Why Plaintiff Won:
The unchallenged oral testimony of the plaintiff and the documentation provided demonstrated the defendant's liability to repay the loans.
The unchallenged oral testimony of the plaintiff and the documentation provided demonstrated the defendant's liability to repay the loans.
Losing Side's Weaknesses:
The unchallenged oral testimony of the plaintiff and the documentation provided demonstrated the defendant's liability to repay the loans.
The unchallenged oral testimony of the plaintiff and the documentation provided demonstrated the defendant's liability to repay the loans.
Supporting Evidence
The unchallenged oral testimony of PW1 coupled with documents Exts. A1 to A8 very well shows that the defendant failed to repay the outstanding amount with interest to plaintiff and now an amount of Rs.19,66,689/- is due from the defendant to the plaintiff.
Judgment Evidence:
In the result, the suit is decreed as follows: Defendant is directed to pay an amount of Rs.19,66,689/- to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- STATE BANK OF INDIA
- Party Role
- Defendant
- Party Name
- ARCHANA PRADEEP
- Party Age
- 50
- Relation
- W/o
Plaintiffs Documents
Loan application, Letter of Arrangement, Application of loan – cum - hypothecation, Letter issued from the Plaintiff, Registered Lawyer Notice, Non Starter report of DLSA, Statement of account of Cash Credit loan, Statement of account of term loan account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Sajeevan. M.V
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. Balakrishnan.E
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant is directed to pay an amount of Rs.19,66,689/- to the plaintiff.
Evidence:
In the result, the suit is decreed as follows: 1.Defendant is directed to pay an amount of Rs.19,66,689/- (Rupees nineteen lakh sixty six thousand six hundred and eighty nine only) to the plaintiff.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff will be entitled for interest at the rate of 6% per annum from the date of the suit till realisation of the decree.
Evidence:
2.The plaintiff will be entitled for interest at the rate of 6% per annum from the date of the suit till realisation of the decree.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff will be entitled for costs of the suit.
Evidence:
3.The plaintiff will be entitled for costs of the suit.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Application for MSME loan by the defendant.
Reference:
Ext.A1
Document Type:
Letter of arrangement
Submitted By:
Plaintiff
Relevance:
Letter of arrangement issued from the plaintiff bank signed by the defendant.
Reference:
Ext.A2
Document Type:
Loan-cum-hypothecation application
Submitted By:
Plaintiff
Relevance:
Application regarding loan-cum-hypothecation executed by the defendant.
Reference:
Ext.A3
Document Type:
Letter issued from the Plaintiff
Submitted By:
Plaintiff
Relevance:
Letter issued from the plaintiff bank regarding the loans.
Reference:
Ext.A4
Document Type:
Registered Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Lawyer notice issued to the defendant demanding payment.
Reference:
Ext.A5
Document Type:
Non Starter report of DLSA
Submitted By:
Plaintiff
Relevance:
Report from District Legal Services Authority regarding non-appearance of the defendant.
Reference:
Ext.A6
Document Type:
Statement of account of Cash Credit loan
Submitted By:
Plaintiff
Relevance:
Statement showing the account details of the cash credit loan.
Reference:
Ext.A7
Document Type:
Statement of account of term loan account
Submitted By:
Plaintiff
Relevance:
Statement showing the account details of the term loan.
Reference:
Ext.A8
Case Classification
Case Type
Commercial Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Commercial Court Kozhikode
Common Reasons
Non-payment of rent
Case Code
Case between STATE BANK OF INDIA vs ARCHANA PRADEEP regarding realisation of amount.
Case Code Year
Case between STATE BANK OF INDIA vs ARCHANA PRADEEP regarding realisation of amount.