Case Summary
State Bank of India filed a suit against Ratheesh Sadanandan for the recovery of a personal loan of ₹7,27,000/- that was not repaid. The suit claims that the defendant defaulted on the repayment despite repeated requests and notifications.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff’s firm is allowed to realize the plaint claim of ₹6,42,549/- and also to realize 9% interest from the defendants.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, allowing the Bank to recover the due amount with interest.
Why Plaintiff Won:
The plaintiff is entitled to the relief as prayed for based on un rebutted evidence.
The plaintiff is entitled to the relief as prayed for based on un rebutted evidence.
Losing Side's Weaknesses:
The plaintiff is entitled to the relief as prayed for based on un rebutted evidence.
The plaintiff is entitled to the relief as prayed for based on un rebutted evidence.
Supporting Evidence
From the un rebutted evidence adduced by the plaintiff’s firm, I hold that the plaintiff is entitled to the relief as prayed for.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff’s firm is allowed to realize the plaint claim of ₹6,42,549/- and also to realize 9% interest from the defendants and their assets from the date of the suit ie, 12.04.2024 till realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Ratheesh Sadanandan
- Party Age
- 43
- Relation
- S/o
Plaintiffs Documents
Xpress Credit Loan application form, Agreement letter, Personal loan agreement, Copy of the lawyer notice, Postal acknowledgment card, Statement of account, Ledger screenshot.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- M.P. Muraleedharan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sindhumol.S
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Manaph
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is allowed to realize the plaint claim of ₹6,42,549/- along with interest.
Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff’s firm is allowed to realize the plaint claim of ₹6,42,549/- (Rupees Six Lakhs Forty Two Thousand Five Hundred And Forty Nine only) and also to realize 9% interest from the defendants and their assets from the date of the suit ie, 12.04.2024 till realization.
Documents & Evidence
Document Type:
Xpress Credit Loan Application Form
Submitted By:
Plaintiff
Relevance:
This document was used to establish the loan application made by the defendant.
Reference:
null
Document Type:
Agreement Letter
Submitted By:
Plaintiff
Relevance:
This document outlined the agreement terms accepted by the defendant for the loan.
Reference:
null
Document Type:
Personal Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document included the terms and conditions that the defendant agreed to when taking the loan.
Reference:
null
Document Type:
Copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
This document was sent to notify the defendant of the default in repayment.
Reference:
null
Document Type:
Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
This document was used to verify that the defendant received the lawyer notice.
Reference:
null
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document provided the details of the amount due from the defendant.
Reference:
null
Document Type:
Ledger Screen shot
Submitted By:
Plaintiff
Relevance:
This document supported the plaintiff's claim regarding the defendant's outstanding balance.
Reference:
null
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court Vaikom
Common Reasons
Non-payment of rent
Case Code
Case between State Bank of India vs Ratheesh Sadanandan regarding realization of money.
Case Code Year
Case between State Bank of India vs Ratheesh Sadanandan regarding realization of money.