Case Summary
The plaintiff, State Bank of India, filed a suit against the defendant, Subair. A. K, for the recovery of a loan amount of ₹2,01,464 due to the defendant's default in repayment. The defendant admitted the claim and requested additional time to repay the debt.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to recover ₹2,01,464 with future interest at 15.9% per annum from the date of suit till realization, along with costs.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, allowing the recovery of ₹2,01,464 with future interest. However, the court denied the claim for penal interest of 2%.
Why Plaintiff Won:
The defendant admitted the claim and expressed willingness to pay the decree amount, necessitating a favorable ruling for the plaintiff.
The defendant admitted the claim and expressed willingness to pay the decree amount, necessitating a favorable ruling for the plaintiff.
Losing Side's Weaknesses:
The defendant admitted the claim and expressed willingness to pay the decree amount, necessitating a favorable ruling for the plaintiff.
The defendant admitted the claim and expressed willingness to pay the decree amount, necessitating a favorable ruling for the plaintiff.
Supporting Evidence
The defendant filed a conceding written statement admitting the plaint claim.
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
- SUBAIR. A. K
- Party Age
- 58
- 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
- Plaintiff
- Advocate Name
- Sri. Abdul Raoof. V. P
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. Fareed Kalleri
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of ₹2,01,464/- with future interest @ 15.9% per annum.
Evidence:
the suit is decreed with costs as follows: The plaintiff is entitled to realize an amount of ₹2,01,464/- (Rupees Two Lakhs One Thousand Four Hundred and Sixty Four Only) with future interest @ 15.9% per annum, from the date of suit till the date of realization.
Relief Type:
Other
Outcome:
Refused
Description:
The claim of penal interest of 2% is denied.
Evidence:
However 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 SUBAIR. A. K regarding realization of money.
Case Code Year
Case between STATE BANK OF INDIA vs SUBAIR. A. K regarding realization of money.