Case Summary
This case involves the State Bank of India as the plaintiff seeking recovery from the defendant, Nama Sandeep Kumar, for a loan amount that has not been repaid. The defendant failed to make the required payments despite having agreed to the loan conditions.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of Rs.9,64,613 along with interest and costs
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff bank provided sufficient evidence to prove the loan agreement and the defendant's failure to repay.
The plaintiff bank provided sufficient evidence to prove the loan agreement and the defendant's failure to repay.
Judgment Evidence:
In the result, suit is decreed as follows: A) The plaintiff bank is allowed to recover Rs.9,64,613 together with interest at the rate of 9% per annum from the date of suit till the date of decree, and thereafter @ 6% per annum from the date of decree till entire realization in full from the defendant and his assets.
Parties Involved
Plaintiffs
State Bank of India (Age not specified years)
Door No. 434 B, Ground Floor, Kooliyatt Buildings, Irumpanam, Pin 682309
Defendants
Nama Sandeep Kumar (34 years years)
House No. 4/991, Jammikunta Mandal, Korapalli, Karimnagar, Telengana 505 129
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff bank is allowed to recover the dues from the defendant.
Evidence:
The plaintiff bank is allowed to recover Rs.9,64,613/- (Rupees Nine lakh Sixty Four thousand Six hundred and Thirteen only) together with interest at the rate of 9% per annum from the date of suit till the date of decree.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff bank is entitled to get the costs of the suit from the defendant.
Evidence:
The plaintiff bank is also entitled to get the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Document marks the sanction of a loan to the defendant.
Reference:
Ext.A1
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Document outlines the repayment terms agreed upon by the defendant.
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document represents the defendant's promise to pay the loan amount.
Reference:
Ext.A3
Document Type:
D.P Note Delivery letter
Submitted By:
Plaintiff
Relevance:
Document confirms the delivery of the demand promissory note.
Reference:
Ext.A4
Document Type:
Personal Loan Agreement
Submitted By:
Plaintiff
Relevance:
Document provides the terms of the personal loan agreement signed by the defendant.
Reference:
Ext.A5
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
Document evidences the notice sent to the defendant regarding the outstanding amount.
Reference:
Ext.A6
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Document evidences the acknowledgment of the loan communications.
Reference:
Ext.A7
Document Type:
Computer print out of Statement of Account
Submitted By:
Plaintiff
Relevance:
Document provides a detailed statement of the account from the start of the loan to the current date.
Reference:
Ext.A8