Case Summary
The plaintiff, State Bank of India, filed a suit against the defendant, Iqubal Zainul Abid Hussain, for recovery of a loan amount due to defaults in payment. The defendant borrowed money under the Xpress Credit Scheme but failed to adhere to the repayment terms.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant to pay ₹ 9,27,981/- with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unchallenged proof affidavit and documents satisfactorily prove the plaint claim.
The unchallenged proof affidavit and documents satisfactorily prove the plaint claim.
Judgment Evidence:
The suit is decreed directing the defendants to pay an amount of ₹ 9,27,981/- (Rupees Nine Lakhs Twenty-Seven Thousand Nine Hundred and Eighty-One Only), with 9% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
Soumya Mohandas (41 years)
LIC Building, Opp. Maharajas ground, Kochi, Ernakulam, Kerala – 682 011
Defendants
Iqubal Zainul Abid Hussain K.M (33 years)
Komalam Mayapura house, Androth Island, Lakshadweep – 682 551
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover an amount of ₹ 9,27,981/- along with specified interest.
Evidence:
The suit is decreed directing the defendants to pay an amount of ₹ 9,27,981/- (Rupees Nine Lakhs Twenty-Seven Thousand Nine Hundred and Eighty-One Only), with 9% interest per annum from the date of suit till the date of decree.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to the costs of the litigation.
Evidence:
The plaintiff is also entitled to the costs of the litigation.
Documents & Evidence
Document Type:
Letter of arrangement
Submitted By:
Plaintiff
Relevance:
This document establishes the terms under which the personal loan was arranged.
Reference:
Ext.A1
Document Type:
Personal Loan Agreement
Submitted By:
Plaintiff
Relevance:
This agreement details the conditions agreed upon by the defendant regarding the loan.
Reference:
Ext.A2
Document Type:
Final recall notice
Submitted By:
Plaintiff
Relevance:
This notice demands full discharge of the defendant's liabilities regarding the loan.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document provides a detailed account of the transactions for Loan Account No. 40463566345.
Reference:
Ext.A4
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document provides a detailed account of the transactions for Loan Account No. 40657572144.
Reference:
Ext.A5