Case Summary
State Bank of India filed a suit against Ranjith K.K for the recovery of a personal loan amount. The defendant failed to repay the loan, leading to the bank taking legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant is directed to pay an amount of ₹3,60,186 with interest.
Case Type
Commercial Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, ordering the defendant to pay the outstanding loan amount with interest.
Why Plaintiff Won:
The plaintiff successfully proved that the defendant had defaulted in repaying the loan.
The plaintiff successfully proved that the defendant had defaulted in repaying the loan.
Losing Side's Weaknesses:
The plaintiff successfully proved that the defendant had defaulted in repaying the loan.
The plaintiff successfully proved that the defendant had defaulted in repaying the loan.
Supporting Evidence
By the unchallenged evidence of PW1 coupled with documentary evidence, I find that the defendant is has committed default in repaying the loan amount.
Judgment Evidence:
In the result, the suit is decreed as follows: (1) Defendant is directed to pay an amount of ₹3,60,186 with 9% interest from the date of suit till date of decree and thereafter at 6% per annum till realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Party Role
- Defendant
- Party Name
- Ranjith K.K
- Party Age
- 27
- Relation
- S/o
Plaintiffs Documents
Original loan application executed by defendant in favour of plaintiff, Arrangement letter executed by defendant in favour of plaintiff, Loan agreement executed by the defendant, Lawyer notice issued to defendant by plaintiff counsel, Certified copy of ledger account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.M.V.Sajeevan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri.E.Balakrishnan
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Damages
Outcome:
Granted
Description:
Defendant is directed to pay the amount of 3,60,186/- with interest.
Evidence:
In the result, the suit is decreed as follows: (1) Defendant is directed to pay an amount of 3,60,186/- (Rupees three lakhs sixty thousand one hundred and eighty six only) with 9% interest from the date of suit till date of decree and thereafter at 6% per annum till realization.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff is also entitled to realise the costs of the suit.
Evidence:
The plaintiff is also entitled to realise the costs of the suit.
Documents & Evidence
Document Type:
Original loan application
Submitted By:
Plaintiff
Relevance:
This document was executed by the defendant in favour of the plaintiff.
Reference:
Ext.A1
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
This document was executed by the defendant in favour of the plaintiff.
Reference:
Ext.A2
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document was executed by the defendant at the time of sanctioning the loan.
Reference:
Ext.A3
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This notice was issued to call upon the defendant to repay the loan amount.
Reference:
Ext.A4
Document Type:
Certified copy of ledger account
Submitted By:
Plaintiff
Relevance:
This document shows the outstanding liability towards the loan.
Reference:
Ext.A5
Case Classification
Case Type
Commercial Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Commercial Court Kozhikode
Common Reasons
Non-payment of rent
Case Code
Case between State Bank of India vs Ranjith K.K regarding realisation of money.
Case Code Year
Case between State Bank of India vs Ranjith K.K regarding realisation of money.