Case Summary
This is a suit for the realization of money where the plaintiff, State Bank of India, is seeking recovery of a loan amount from the defendant, Rajesh, who has defaulted on the repayment. The defendant admitted to the claim but requested additional time to pay off the debt.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of ₹6,81,933/- with interest @ 13.25% per annum from the date of suit till the date of realization.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff for the recovery of ₹6,81,933/- along with interest at 13.25% per annum. The request for penal interest was denied as it contradicts RBI regulations.
Why Plaintiff Won:
The defendant conceded to the claim and expressed willingness to pay the decree amount, which led to the ruling in favor of the plaintiff.
The defendant conceded to the claim and expressed willingness to pay the decree amount, which led to the ruling in favor of the plaintiff.
Losing Side's Weaknesses:
The defendant conceded to the claim and expressed willingness to pay the decree amount, which led to the ruling in favor of the plaintiff.
The defendant conceded to the claim and expressed willingness to pay the decree amount, which led to the ruling in favor of the plaintiff.
Supporting Evidence
Since, the defendant filed a conceding written statement stating that, he is ready to pay the decree debt within 1 year, the suit is decreed.
Judgment Evidence:
In the result, the suit is decreed with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- STATE BANK OF INDIA
- Party Role
- Defendant
- Party Name
- RAJESH
- Party Age
- 43
- Relation
- S/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. Anoop
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. M. Previn
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Amaya. V
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. C. R. Biju
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of ₹,81,933/- with interest @ 13.25% per annum.
Evidence:
the suit is decreed with costs as follows: The plaintiff is entitled to realize an amount of ₹,81,933/- (Rupees Six Lakhs Eighty One Thousand Nine Hundred and Thirty Three Only) with interest @ 13.25% per annum, from the date of suit till the date of realization.
Relief Type:
Other
Outcome:
Denied
Description:
Claim of penal interest of 2% is denied.
Evidence:
the claim of penal interest of 2% is denied as it is against RBI regulations.
Documents & Evidence
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Recovery of money
Case Code
Case between STATE BANK OF INDIA vs RAJESH regarding realization of money
Case Code Year
Case between STATE BANK OF INDIA vs RAJESH regarding realization of money