Case Summary
The State Bank of India filed a suit against M/s. Christ Cotton Waste Unit for the recovery of an outstanding loan amount. The defendants did not respond to the court proceedings and were declared exparte.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay an amount of Rs. 5,72,303/- with future interest
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, ordering the defendants to repay the loan amount with interest. The defendants failed to contest the claims made by the plaintiff.
Why Plaintiff Won:
Plaintiff's unchallenged evidence proved its case.
Plaintiff's unchallenged evidence proved its case.
Losing Side's Weaknesses:
Plaintiff's unchallenged evidence proved its case.
Plaintiff's unchallenged evidence proved 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 defendants shall pay an amount of Rs. 5,72,303/- with future interest.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- M/s. CHRIST COTTON WASTE UNIT
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Pushpalatha.B
- Party Age
- 31
Plaintiffs Documents
Original Loan Application, Letter of arrangement, Agreement of loan cum hypothecation, Certified Copy of Statement of Account
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt. Anithas Jacob
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Sailaja Kumari.S
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. Arunchandran.A.K
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought to recover the outstanding loan amount due.
Evidence:
Thus, the suit is decreed with costs and defendants shall pay an amount of Rs. 5,72,303/- (Rupees Five lakhs Seventy Two thousand Three hundred and Three only) to the plaintiff with future interest at the rate of 14.40% per annum for the principal amount from the date of suit till date of realization.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original loan application submitted by the 2nd defendant for obtaining the loan.
Reference:
Ext.A1
Document Type:
Letter of arrangement
Submitted By:
Plaintiff
Relevance:
Document outlining the terms of the loan agreement.
Reference:
Ext.A2
Document Type:
Agreement of loan cum hypothecation
Submitted By:
Plaintiff
Relevance:
Agreement executed for the loan and the hypothecation of assets.
Reference:
Ext.A3
Document Type:
Certified copy of statement of account
Submitted By:
Plaintiff
Relevance:
Statement showing the outstanding loan amount due to the plaintiff.
Reference:
Ext.A4
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 M/s. CHRIST COTTON WASTE UNIT regarding realization of money
Case Code Year
Case between State Bank of India vs M/s. CHRIST COTTON WASTE UNIT regarding realization of money