Case Summary
The plaintiff, State Bank of India, filed a suit against the defendant, Mahesh R, for recovery of money due from a personal loan. The defendant defaulted on the agreed repayment terms, prompting the bank to seek relief through this legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant to pay ₹2,81,171.04 with 9% interest per annum from the date of suit till date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unchallenged proof affidavit and documents satisfactorily proved the plaint claim.
The unchallenged proof affidavit and documents satisfactorily proved the plaint claim.
Judgment Evidence:
In the result, the suit is decreed directing the defendants to pay an amount of ₹2,81,171.04/- (Rupees Two Lakh Eighty-One Thousand One Hundred and Seventy-One and Four Paise only), with 9% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
State Bank of India M.G.Road Branch, Ernakulam (Age not specified years)
LIC Building, Opposite Maharajas ground, Kochi, Ernakulam, Kerala - 682 011
Defendants
Mahesh R (43 years years)
Padinjareveli, Varanad P.O, Cherthala, Alappuzha District, Pin - 688 539
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover an amount of ₹2,81,171.04 from the defendant.
Evidence:
In the result, The suit is decreed directing the defendants to pay an amount of ₹2,81,171.04/- (Rupees Two Lakh Eighty-One Thousand One Hundred and Seventy-One and Four Paise only)
Relief Type:
Interest
Outcome:
Partly Granted
Description:
The plaintiff is entitled to interest at 9% per annum from the date of suit till the date of decree.
Evidence:
with 9% interest per annum from the date of suit till the date of decree
Relief Type:
Post Decretal Interest
Outcome:
Granted
Description:
The plaintiff is entitled to post decretal interest at 6% per annum.
Evidence:
and from his assets with post decretal interest @ 6% per annum.
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:
Original loan application
Submitted By:
Plaintiff
Relevance:
This document was marked and is part of the evidence proving the loan transaction.
Reference:
Ext.A1
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
This document was marked and is part of the evidence proving the loan transaction.
Reference:
Ext.A2
Document Type:
Original personal loan agreement
Submitted By:
Plaintiff
Relevance:
This document was marked and is part of the evidence proving the loan transaction.
Reference:
Ext.A3
Document Type:
Original irrevocable standing instructions
Submitted By:
Plaintiff
Relevance:
This document was marked and is part of the evidence proving the loan transaction.
Reference:
Ext.A4
Document Type:
Lawyer notice issued to the defendant along with the copy of the postal receipt
Submitted By:
Plaintiff
Relevance:
This document was marked and is part of the evidence demonstrating the plaintiff's demands for repayment.
Reference:
Ext.A5
Document Type:
Original final recall notice
Submitted By:
Plaintiff
Relevance:
This document was marked and is part of the evidence demonstrating the final demand for the outstanding amount.
Reference:
Ext.A6
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document was marked and is part of the evidence proving the outstanding balance on the loan.
Reference:
Ext.A7
Document Type:
Separate interest calculation statement
Submitted By:
Plaintiff
Relevance:
This document was marked and is part of the evidence proving the interest calculation on the loan.
Reference:
Ext.A8