Case Summary
The case involves the State Bank of India seeking to recover a loan amount from Mr. Binu Kumar, who defaulted on repayment. The court found in favor of the bank, concluding that the defendant owed an outstanding amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant shall pay an amount of Rs. 4,09,671/- with interest at the rate of 6% per annum from the date of suit till date of realization.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit with costs in favor of the plaintiff. The defendant is required to pay a sum of Rs. 4,09,671/- to the plaintiff.
Why Plaintiff Won:
Plaintiff's unchallenged evidence proves its case.
Plaintiff's unchallenged evidence proves its case.
Losing Side's Weaknesses:
Plaintiff's unchallenged evidence proves its case.
Plaintiff's unchallenged evidence proves its case.
Supporting Evidence
Plaintiff's unchallenged evidence proves its case and it is entitled to a decree to realise the amount from the defendant.
Judgment Evidence:
In the result, the suit is decreed with costs and defendant shall pay an amount of Rs. 4,09,671/- (Rupees Four lakhs Nine thousand Six hundred and Seventy One only) to the plaintiff with interest at the rate of 6% per annum for the principal amount from the date of suit till date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Mr. Binu Kumar
- Party Age
- 43
- Relation
- S/o
Plaintiffs Documents
Original loan arrangement letter dated 20.02.2017, Agreement for Medium Term Loan, Hypothecation of personal vehicles dated 20.02.2017, copy of R.C. particulars of defendant’s vehicle, copy of legal notice dated 01.02.2024, acknowledgment card, statement of accounts along with the certificate dated 20.02.2017.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. C. Jagadeesan
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover an amount of Rs. 4,09,671/- with interest at the rate of 6% per annum.
Evidence:
In the result, the suit is decreed with costs and defendant shall pay an amount of Rs. 4,09,671/- (Rupees Four lakhs Nine thousand Six hundred and Seventy One only) to the plaintiff with interest at the rate of 6% per annum for the principal amount from the date of suit till date of realization.
Documents & Evidence
Document Type:
Loan Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Original loan arrangement letter dated 20.02.2017.
Reference:
Ext.A1
Document Type:
Agreement for medium term loan
Submitted By:
Plaintiff
Relevance:
Original of Agreement for Medium Term Loan, Hypothecation of personal vehicles dated 20.02.2017.
Reference:
Ext.A2
Document Type:
R.C. particulars of vehicle
Submitted By:
Plaintiff
Relevance:
Copy of R.C. particulars of defendant’s vehicle.
Reference:
Ext.A3
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
Copy of legal notice dated 01.02.2024.
Reference:
Ext.A4
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Acknowledgment card.
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Statement of accounts along with the certificate dated 20.02.2017.
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Recovery of money
Case Code
Case between State Bank of India vs Mr. Binu Kumar regarding realization of money
Case Code Year
Case between State Bank of India vs Mr. Binu Kumar regarding realization of money