Case Summary
The State Bank of India is suing George Varghese for the recovery of a personal loan amounting to Rs.30,201/- which he has failed to repay. The bank claims that despite reminders and a legal notice, the defendant did not respond or repay the loan.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize an amount of Rs.30,201/- from the defendant, along with interest and costs.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided unchallenged evidence of the loan agreement and the defendant's failure to repay.
The plaintiff provided unchallenged evidence of the loan agreement and the defendant's failure to repay.
Judgment Evidence:
In the result, suit is decreed in part as follows; 1.Plaintiff is entitled to realize an amount of Rs.30,201/- (Rupees Thirty Thousand Two Hundred and One only) from the defendant and from his assets.
Parties Involved
Plaintiffs
The State bank of India (Age not specified years)
Alinchuvadu Branch, Emakulam
Defendants
George Varghese (56 years)
II 395 A, Arimbassery Lane, Near Nava Nirman School, Vazhakkala, Thrikkakara PO, Ernakulam District, Pin-682021
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover Rs.30,201/- from the defendant.
Evidence:
In the result, suit is decreed in part as follows; 1.Plaintiff is entitled to realize an amount of Rs.30,201/- (Rupees Thirty Thousand Two Hundred and One only) from the defendant and from his assets.
Relief Type:
Interest
Outcome:
Partly Granted
Description:
Plaintiff is entitled to recover interest at 12% per annum on the amount of Rs.30,201/- from the date of suit till date of decree.
Evidence:
2.Plaintiff is entitled to realize interest @ 12% per annum for Rs.30,201/- (Rupees Thirty Thousand Two Hundred and One only) from the date of suit till date decree from the defendant and from his assets.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff is entitled to recover interest at 6% per annum on the amount of Rs.30,201/- from the date of decree till date of realization.
Evidence:
3.Plaintiff is entitled to realize interest @ 6% per annum for Rs.30,201/- (Rupees Thirty Thousand Two Hundred and One only) from date of decree till date of realization from the defendant and from his assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover costs of the suit from the defendant.
Evidence:
4.Plaintiff is entitled to realize costs of the suit from defendant and from his assets.
Documents & Evidence
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Original arrangement letter detailing loan terms.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Original sanction letter issued by the plaintiff bank for the loan.
Reference:
Ext.A2
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Original loan agreement executed by the defendant in favor of the plaintiff bank.
Reference:
Ext.A3
Document Type:
Lawyer's Notice
Submitted By:
Plaintiff
Relevance:
Copy of lawyer's notice sent to the defendant regarding the loan payment.
Reference:
Ext.A4
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Original of acknowledgment card for the defendant’s acceptance of the lawyer’s notice.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of account detailing the payment status and remaining balance of the loan.
Reference:
Ext.A6