Case Summary
The State Bank of India is suing Smt. Binu Pradeep for failing to repay a loan amounting to Rs. 5,33,424/-, which was declared non-performing. The bank claims the defendant did not comply with the repayment terms of the loan agreement.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
An amount of Rs.5,33,424/- with 10% interest per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The court found that the evidence presented by the plaintiff satisfactorily proved the claim.
The court found that the evidence presented by the plaintiff satisfactorily proved the claim.
Judgment Evidence:
In the result, the suit is decreed directing the defendant to pay an amount of Rs.5,33,424/- with 10% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
State Bank of India (Age not specified years)
Corporate Centre at Madame Cama Road, Nariman Point, Mumbai – 400 021 and branch at Ernakulam, Metro Station Branch, Padma Junction, M.G.Road, Ernakulam – 682 035
Defendants
Smt. Binu Pradeep (49 years)
35/626, Vyloppilly Parambu, Janatha Road, Opposite International stadium, Palarivattom – 682 025
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover an amount from the defendant.
Evidence:
So, a decree can rightly be passed as prayed for.
Documents & Evidence
Document Type:
Original Application form
Submitted By:
Plaintiff
Relevance:
The document is part of the evidence showing the loan application made by the defendant.
Reference:
Ext.A1
Document Type:
Original Agreement Letter
Submitted By:
Plaintiff
Relevance:
This document is crucial as it outlines the terms and conditions agreed upon for the loan.
Reference:
Ext.A2
Document Type:
Original Sanction letter
Submitted By:
Plaintiff
Relevance:
It serves as evidence that the loan was sanctioned in the specified amount.
Reference:
Ext.A3
Document Type:
Original personal loan agreement
Submitted By:
Plaintiff
Relevance:
This document evidences the personal loan agreement that the defendant executed.
Reference:
Ext.A4
Document Type:
Original disclosure of information
Submitted By:
Plaintiff
Relevance:
It provides necessary disclosures made by the defendant related to the loan.
Reference:
Ext.A5
Document Type:
Original Kerala Flood relief Loan Application form
Submitted By:
Plaintiff
Relevance:
This document is part of the related loan applications made by the defendant.
Reference:
Ext.A6
Document Type:
Original arrangement letter
Submitted By:
Plaintiff
Relevance:
It demonstrates arrangements made concerning the loan issuance.
Reference:
Ext.A7
Document Type:
Original D.P note delivery letter
Submitted By:
Plaintiff
Relevance:
This letter is part of administrative records related to the loan.
Reference:
Ext.A8
Document Type:
Original irrevocable letter of authority
Submitted By:
Plaintiff
Relevance:
It serves as authorization related to loan transactions by the defendant.
Reference:
Ext.A9
Document Type:
Original NOC
Submitted By:
Plaintiff
Relevance:
This document is proof of the No Objection Certificate issued concerning the loan.
Reference:
Ext.A10
Document Type:
Original certificate issued by Silpa Projects
Submitted By:
Plaintiff
Relevance:
Certification related to the defendant’s project, which is part of the loan documentation.
Reference:
Ext.A11
Document Type:
Original standing instruction
Submitted By:
Plaintiff
Relevance:
This is an instruction from the defendant for the bank to manage payment.
Reference:
Ext.A12
Document Type:
True copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
It serves as evidence of legal communication between the parties.
Reference:
Ext.A13
Document Type:
Original account statement
Submitted By:
Plaintiff
Relevance:
This statement details the financial transactions in relation to the loan.
Reference:
Ext.A14
Document Type:
Original authorization letter
Submitted By:
Plaintiff
Relevance:
This letter authorizes specific transactions or communications related to the loan.
Reference:
Ext.A15