Case Summary
State Bank of India has filed a suit against Mr. Subeesh Ramesh for the repayment of a loan. The defendant defaulted on payments and was set exparte.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant shall pay Rs.15,891/- along with interest @12% per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, granting an amount of Rs. 15,891/- along with interest to be paid by the defendant.
Why Plaintiff Won:
Plaintiff established a case based on the default in loan repayment.
Plaintiff established a case based on the default in loan repayment.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
On perusal of the plaint, proof affidavit and documents produced, I am of the view that plaintiff has established a case and plaintiff is entitled to realize an amount of Rs.15,891/- with interest from defendant.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendants shall pay Rs.15,891/- (Rupees Fifteen thousand eight hundred and ninety one only) along with interest @12% per annum from the date of suit till the date of decree and 6% from the date of decree till payment or realization, as the case may be, to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Relation
- represented by its Manager
- Party Role
- Defendant
- Party Name
- Mr. Subeesh Ramesh
- Party Age
- 35
- Relation
- S/o
Plaintiffs Documents
29.11.18 Kerala Flood relief loan application form, 30.11.18 Arrangement Letter, 30.11.18 Demand Promissory note, 18.09.23 Statement of account, 10.11.18 Standing Instruction, 01.08.22 Copy of the lawyer notice.
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:
Defendant must pay the amount of Rs.15,891/- with interest.
Evidence:
In the result, suit is decreed as follows: Defendants shall pay Rs.15,891/-...
Relief Type:
Declaration
Outcome:
Granted
Description:
Defendant's assets are liable to satisfy the decree debt.
Evidence:
Defendant shall be personally and his assets shall also be liable to satisfy the decree debt.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original loan application submitted by the defendant.
Reference:
Ext.A1
Document Type:
Loan Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Original loan arrangement letter for the loan availed.
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Demand promissory note executed by the defendant.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of account detailing the loan repayment history.
Reference:
Ext.A4
Document Type:
Standing Instruction
Submitted By:
Plaintiff
Relevance:
Standing instruction executed by the defendant regarding loan payments.
Reference:
Ext.A5
Document Type:
Statutory Notice
Submitted By:
Plaintiff
Relevance:
Copy of the statutory notice issued to the defendant for repayment.
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Recovery of money
Case Code
Case between State Bank of India vs Mr. Subeesh Ramesh regarding realization of money
Case Code Year
Case between State Bank of India vs Mr. Subeesh Ramesh regarding realization of money