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
The suit is decreed directing the defendant to pay an amount of ₹ 9,27,981/- along with 9% interest per annum from the date of the suit till the date of decree. In default, the plaintiff can recover the amount from the defendant's assets with post-decretal interest.
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.
Losing Side's Weaknesses:
The unchallenged proof affidavit and documents satisfactorily prove the plaint claim.
The unchallenged proof affidavit and documents satisfactorily prove the plaint claim.
Supporting Evidence
The unchallenged proof affidavit and documents would 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
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Party Role
- Defendant
- Party Name
- Iqubal Zainul Abid Hussain K.M
- Party Age
- 33
- Relation
- S/o
Plaintiffs Documents
Letter of Arrangement issued by the plaintiff, Personal loan Agreement executed by the defendant, Final recall notice, Statement of Account for A/c no. 40463566345, Statement of Account for A/c no. 40657572144.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Domson J Vattakuzhy
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Indrajith S Kaimal
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Alberto Francis
- Appearance Type
- Assisting Counsel
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
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Non-payment of rent
Case Code
Case between State Bank of India vs Iqubal Zainul Abid Hussain regarding money suit.
Case Code Year
Case between State Bank of India vs Iqubal Zainul Abid Hussain regarding money suit.