Case Summary
State Bank of India is seeking to recover loan amounts from Ferin Ghani.P.P due to non-payment of loans. The defendant failed to appear in court, resulting in a judgment in favor of the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize an amount of Rs.4,67,914/- along with applicable interest from the defendant.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff bank proved the defendant's failure to repay the loans, which were established through documentation and testimony.
The plaintiff bank proved the defendant's failure to repay the loans, which were established through documentation and testimony.
Judgment Evidence:
In the result, suit is decreed as follows; 1. Plaintiff is entitled to realize an amount of Rs.4,67,914/- from the defendant and from his assets.
Parties Involved
Plaintiffs
State Bank of India (Age not specified years)
South Branch, Ernakulam represented by its Chief Manager, Jaimol P G, D/o Gopalan P N, 55 years, having office at Road, Manorama Junction, Panampilly Sahodaran Ayyappan Nagar, Ernakulam, PIN - 682036
Defendants
Ferin Ghani.P.P (35 years)
Puthenveettil House, Kampanypeedika, Elamkunnappuzha Ochanthuruthu, Ernakulam District- 682508
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize an amount of Rs.4,67,914/- from the defendant.
Evidence:
In the result, suit is decreed as follows; Plaintiff is entitled to realize an amount of Rs.4,67,914/-.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest @ 12% per annum for Rs.4,67,914/- from the date of suit till date decree.
Evidence:
Plaintiff is entitled to realize interest @ 12% per annum for Rs.4,67,914/- from the date of suit till date decree.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest @ 6% per annum for Rs.4,67,914/- from date of decree till date of realization.
Evidence:
Plaintiff is entitled to realize interest @ 6% per annum for Rs.4,67,914/- from date of decree till date of realization.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize an amount of Rs.62,032/- from the defendant.
Evidence:
Plaintiff is entitled to realize an amount of Rs.62,032/- from the defendant.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest @ 12% per annum for Rs.62,032/- from the date of suit till date decree.
Evidence:
Plaintiff is entitled to realize interest @ 12% per annum for Rs.62,032/- from the date of suit till date decree.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize interest @ 6% per annum for Rs.62,032/- from date of decree till date of realization.
Evidence:
Plaintiff is entitled to realize interest @ 6% per annum for Rs.62,032/- from date of decree till date of realization.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize costs of the suit from the defendant.
Evidence:
Plaintiff is entitled to realize costs of the suit from defendant.
Documents & Evidence
Document Type:
Original Xpress Credit Loan application
Submitted By:
Plaintiff
Relevance:
Submitted by the plaintiff to support the claim of loan disbursement.
Reference:
Ext.A1
Document Type:
Original Loan Agreement letter
Submitted By:
Plaintiff
Relevance:
Submitted by the plaintiff to establish the terms of the loan agreement.
Reference:
Ext.A2
Document Type:
Original personal loan agreement
Submitted By:
Plaintiff
Relevance:
Submitted to show the details of the personal loan extended to the defendant.
Reference:
Ext.A3
Document Type:
Printout of account
Submitted By:
Plaintiff
Relevance:
Provided as evidence of the defendant's outstanding loan amount.
Reference:
Ext.A4
Document Type:
Printout of Statement of Account
Submitted By:
Plaintiff
Relevance:
Showed the financial status related to the second loan account.
Reference:
Ext.A5
Document Type:
Copy of statutory notice
Submitted By:
Plaintiff
Relevance:
Demonstrated the legal notice sent to the defendant regarding loan default.
Reference:
Ext.A6
Document Type:
Printout of Xpress credit Insta Top up loan terms and condition
Submitted By:
Plaintiff
Relevance:
Outlined the terms related to the Insta top-up loan granted to the defendant.
Reference:
Ext.A7
Document Type:
Certification of Ext. A7
Submitted By:
Plaintiff
Relevance:
Certifies the addition of terms related to the top-up loan.
Reference:
Ext.A7(a)
Document Type:
Series of original postal receipt
Submitted By:
Plaintiff
Relevance:
Served as proof of sending the statutory notice.
Reference:
Ext.A8
Document Type:
Series of original returned letters
Submitted By:
Plaintiff
Relevance:
Confirmed the defendant's refusal to accept the notice.
Reference:
Ext.A9
Document Type:
Oral Evidence
Submitted By:
Plaintiff
Relevance:
The oral testimony provided by the plaintiff's witness supported the claims.
Reference: