Case Summary
State Bank of India filed a suit against Mr. Sajayakumar K.S for the recovery of an outstanding loan amount. The defendant failed to appear and the bank proved its case for recovery.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant is directed to pay to the plaintiff, an amount of ₹3,88,023 with interest at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed in favor of the plaintiff, ordering the defendant to pay the outstanding loan amount with interest. The suit was decreed due to the defendant's default in repayment.
Why Plaintiff Won:
The plaintiff's case was proved through uncontested evidence.
The plaintiff's case was proved through uncontested evidence.
Losing Side's Weaknesses:
The plaintiff's case was proved through uncontested evidence.
The plaintiff's case was proved through uncontested evidence.
Supporting Evidence
From the uncontested evidence of the PW1, I am of the opinion that the case of the plaintiff stands proved.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is directed to pay to the plaintiff, an amount of 3,88,023/- (Rupees three lakh eighty eight thousand twenty three only) with interest at the rate of 6% per annum.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India represented by its Manager (SARC) Indu T
- Party Age
- 46
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Mr. Sajayakumar K.S
- Party Age
- 46
- Relation
- S/o
Plaintiffs Documents
Housing Loan Application, Arrangement letter, Memorandum of Loan Agreement, Statement of Account, Lawyer Notice, Copy of Postal Receipt
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- V. K Hema
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Gowri A. H
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Arunima N.R
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover an amount of ₹3,88,023 from the defendant, with interest.
Evidence:
I am of the opinion that the plaintiff is entitled to recover the same from the defendant, with interest from the date of suit.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to the costs of the suit from the defendant.
Evidence:
Considering the nature of the suit and circumstances surrounding the suit, the plaintiff is entitled to the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Housing Loan Application
Submitted By:
Plaintiff
Relevance:
This document relates to the loan application made by the defendant to the plaintiff bank.
Reference:
Ext.A1
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
This document outlines the arrangements made for the loan provided to the defendant.
Reference:
Ext.A2
Document Type:
Memorandum of Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document records the terms of the loan agreement between the plaintiff and the defendant.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document provides the financial details of the loan account for the specified period.
Reference:
Ext.A4
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This document is a formal notice sent to the defendant regarding the loan repayment.
Reference:
Ext.A5
Document Type:
Copy of postal receipt
Submitted By:
Plaintiff
Relevance:
This document serves as proof of sending the notice to the defendant.
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit
Category
Other Civil Cases
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Non-payment of rent
Case Code
Case between State Bank of India vs Mr. Sajayakumar K.S regarding realisation of money.
Case Code Year
Case between State Bank of India vs Mr. Sajayakumar K.S regarding realisation of money.