Case Summary
State Bank of India, represented by its Chief Manager Jayesh P, filed a suit against Shymon P for the recovery of an outstanding loan amount after the defendant failed to make repayments. The loan became a Non-Performing Asset due to non-payment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant to pay ₹4,85,300 with 9% interest per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unchallenged proof affidavit and documents adequately proved the plaintiff's claim.
The unchallenged proof affidavit and documents adequately proved the plaintiff's claim.
Judgment Evidence:
In the result, The suit is decreed directing the defendant to pay an amount of 4,85, 300/- (Rupees Four Lakhs Eighty Five Thousand and Three Hundred ₹ Only) with 9% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
Jayesh P (47 years)
State Bank of India, Ernakulam Branch, KTDC Building, Shanmugham road, Ernakulam, Pin – 682 011
Defendants
Shymon P (36 years)
Munduparambil house, Trichattukulam P.O, Alapuzha, Ernakulam – 688 526
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant is directed to pay an amount of ₹4,85,300/- with interest.
Evidence:
The suit is decreed directing the defendant to pay an amount of 4,85,300/- (Rupees Four Lakhs Eighty Five Thousand and Three Hundred Only) with 9% interest per annum from the date of suit till the date of decree.
Relief Type:
Costs of Litigation
Outcome:
Granted
Description:
The plaintiff is entitled for the costs of the litigation.
Evidence:
The plaintiff is also entitled for the costs of the litigation.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original xpress credit loan application.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Original loan agreement.
Reference:
Ext.A2
Document Type:
Loan Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Original loan arrangement letter.
Reference:
Ext.A3
Document Type:
Appraisal cum Sanction Report
Submitted By:
Plaintiff
Relevance:
Original Appraisal cum sanction report.
Reference:
Ext.A4
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of account of the defendant bearing A/c no. 40876948915 issued by SBI, Ernakulam from 25.03.22 to 20.05.24 along with the certificate under the Banker’s book of Evidence Act and Section 65 of the Evidence Act.
Reference:
Ext.A5
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Office copy of the lawyer notice issued to the defendant.
Reference:
Ext.A6
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Postal receipt.
Reference:
Ext.A7
Document Type:
Track Report
Submitted By:
Plaintiff
Relevance:
Track report.
Reference:
Ext.A8
Document Type:
Standing Instruction
Submitted By:
Plaintiff
Relevance:
Original of the Irrevocable standing Instruction.
Reference:
Ext.A9
Document Type:
Oral Evidence
Submitted By:
Unknown
Relevance:
Evidence presented by the plaintiff through PW1.
Reference: