Case Summary
The plaintiff, State Bank of India, filed a suit against the defendant, Nissam K M, for the recovery of a personal loan amount. The defendant failed to repay the loan despite repeated requests.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant shall pay to the plaintiff the sum of Rs.2,27,941/- with interest thereon at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, ordering the defendant to pay the outstanding amount along with interest.
Why Plaintiff Won:
The court found that the defendant had defaulted on the loan agreement.
The court found that the defendant had defaulted on the loan agreement.
Losing Side's Weaknesses:
The court found that the defendant had defaulted on the loan agreement.
The court found that the defendant had defaulted on the loan agreement.
Supporting Evidence
The plaintiff bank sanctioned the said personal loan of Rs.3,06,085/- to the defendant, but the defendant failed to repay the amount as agreed.
Judgment Evidence:
It is ordered that the defendant shall pay to the plaintiff the sum of Rs.2,27,941/- (Rupees Two Lakh Twenty Seven Thousand Nine Hundred Forty One Only) with interest thereon at the rate of 6% per annum, from the date of institution of the suit till the date of realization of the sum.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Party Role
- Defendant
- Party Name
- Nissam K M
- Party Age
- 52
- Relation
- S/o
Plaintiffs Documents
22.12.2017 Loan application, 28.12.2017 Arraignment Letter, 28.12.2017 Personal loan agreement, 05.03.2022 Notice, 05.03.2022 Postal Receipt, 07.03.2022 Acknowledgment Card, 20.05.2022 Copy of ID Card of the defendant from Revenue Department, 17.05.2022 The Statement of Accounts (Account No. 37441237923), 20.05.2022 Salary Slip of Defendant (5 Nos.)
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- M P Thankam
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Navaneeth M
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is to recover the outstanding loan amount from the defendant.
Evidence:
It is ordered that the defendant shall pay to the plaintiff the sum of Rs.2,27,941/-...
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document supporting the loan application made by the defendant.
Reference:
Ext.A1
Document Type:
Arraignment Letter
Submitted By:
Plaintiff
Relevance:
Correspondence regarding the loan arrangement.
Reference:
Ext.A2
Document Type:
Personal Loan Agreement
Submitted By:
Plaintiff
Relevance:
Agreement outlining the terms of the personal loan.
Reference:
Ext.A3
Document Type:
Notice
Submitted By:
Plaintiff
Relevance:
Legal notice sent to the defendant regarding payment default.
Reference:
Ext.A4
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Proof of sending the legal notice.
Reference:
Ext.A5
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Acknowledgment of receipt of the legal notice by the defendant.
Reference:
Ext.A6
Document Type:
Copy of ID Card of the defendant from Revenue Department
Submitted By:
Plaintiff
Relevance:
Identification evidence of the defendant.
Reference:
Ext.A7
Document Type:
The Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Account statement showing outstanding dues.
Reference:
Ext.A8
Document Type:
Salary Slip of Defendant
Submitted By:
Plaintiff
Relevance:
Evidence of the defendant's employment and salary.
Reference:
Ext.A9
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court, Kottayam
Common Reasons
Non-payment of rent
Case Code
Case between State Bank of India vs Nissam K M regarding realisation of money.
Case Code Year
Case between State Bank of India vs Nissam K M regarding realisation of money.