Case Summary
The plaintiff, State Bank of India, filed a suit against the defendant, Mr.Sajeev Peethambaran, for the recovery of a money loan. The defendant defaulted on an Xpress Credit Loan and the bank seeks repayment of the outstanding amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize an amount of Rs.1,90,296/- along with interest and costs.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing the bank to recover the outstanding loan amount along with interest. Costs of the suit were also granted.
Why Plaintiff Won:
The evidence presented by the plaintiff was uncontroverted and sufficient to establish the claim.
The evidence presented by the plaintiff was uncontroverted and sufficient to establish the claim.
Losing Side's Weaknesses:
The evidence presented by the plaintiff was uncontroverted and sufficient to establish the claim.
The evidence presented by the plaintiff was uncontroverted and sufficient to establish the claim.
Supporting Evidence
The unrebutted oral testimony of PW1 and Exts. A1 to A8 established the case as pleaded by the plaintiff.
Judgment Evidence:
In the result, suit is decreed as follows; 1. Plaintiff is entitled to realize an amount of Rs.1,90,296/- from the defendant and from his assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Mr.Sajeev Peethambaran
- Party Age
- 43
- Relation
- S/o
Plaintiffs Documents
Original Xpress Credit Loan application, Original loan arrangement letter, Original personal loan agreement, Original sanction letter, Copy of statement of account, Office copy of statutory notice, Original postal receipt, Original Acknowledgment Letter
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- V.K.Hema
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover an amount of Rs.1,90,296/- from the defendant.
Evidence:
In the result, suit is decreed as follows; Plaintiff is entitled to realize an amount of Rs.1,90,296/- (Rupees One Lakh Ninety Thousand two hundred and ninety six only) from the defendant and from his assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to interest of 12% per annum from the date of suit till date of decree.
Evidence:
Plaintiff is entitled to realize interest @ 12% per annum for Rs.1,90,296/- (Rupees One Lakh Ninety Thousand two hundred and ninety six only) from the date of suit till date decree from the defendant and from his assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to interest of 6% per annum from the date of decree till realization.
Evidence:
Plaintiff is entitled to realize interest @ 6% per annum for Rs.1,90,296/- (Rupees One Lakh Ninety Thousand two hundred and ninety six only) from date of decree till date of realization from the defendant and from his assets.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to recover costs of the suit from the defendant.
Evidence:
Plaintiff is entitled to realize costs of the suit from defendant and from his assets.
Documents & Evidence
Document Type:
Xpress Credit Loan Application
Submitted By:
Plaintiff
Relevance:
Original loan application dated 05.07.2017 establishing the loan taken by the defendant.
Reference:
Ext.A1
Document Type:
Loan Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Original loan arrangement letter dated 07.07.2017 confirming the terms of the loan.
Reference:
Ext.A2
Document Type:
Personal Loan Agreement
Submitted By:
Plaintiff
Relevance:
Original personal loan agreement dated 07.07.2017 detailing the obligations of the defendant.
Reference:
Ext.A3
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Original sanction letter providing approval for the loan.
Reference:
Ext.A4
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Copy of statement of account along with certification detailing the outstanding amount due.
Reference:
Ext.A5
Document Type:
Statutory Notice
Submitted By:
Plaintiff
Relevance:
Office copy of statutory notice dated 26.11.2021 issued for repayment.
Reference:
Ext.A6
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Original postal receipt confirming delivery of the statutory notice.
Reference:
Ext.A7
Document Type:
Acknowledgment Letter
Submitted By:
Plaintiff
Relevance:
Original acknowledgment letter providing evidence of receipt of the statutory notice.
Reference:
Ext.A8
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 Mr.Sajeev Peethambaran regarding realization of money
Case Code Year
Case between State Bank of India vs Mr.Sajeev Peethambaran regarding realization of money