Case Summary
The State Bank of Travancore filed a suit against Meharban and Faisal for the realisation of a loan amount due to default in repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realisation of loan amount with interest
Case Type
Civil Suit - Debt Recovery
Final Judgment
No
The court decreed that the defendants pay Rs.4,60,038/- with interest at 14.15% per annum from the date of the suit.
Why Plaintiff Won:
The plaintiff presented oral evidence and documents establishing the loan terms and default by the defendants.
The plaintiff presented oral evidence and documents establishing the loan terms and default by the defendants.
Losing Side's Weaknesses:
The plaintiff presented oral evidence and documents establishing the loan terms and default by the defendants.
The plaintiff presented oral evidence and documents establishing the loan terms and default by the defendants.
Supporting Evidence
Evidence adduced by PW1 remained unchallenged. Therefore, I hold a view that the plaintiff has proved its case by the oral evidence of PW1 and the documents produced in this case. Hence th...
Judgment Evidence:
In the result, the suit is decreed as follows: 1. The defendants are directed to pay an amount of Rs.Rs.4,60,038/- with interest at the rate of 14.15% per annum from the date of suit...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of Travancore
- Party Role
- Defendant
- Party Name
- Meharban
- Party Age
- 39
- Relation
- W/o. Faisal
- Party Role
- Defendant
- Party Name
- Faisal
- Party Age
- 47
- Relation
- S/o. Mohammed Ali
Plaintiffs Documents
Loan application, Loan sanction letter, Agreement for medium term loan, Guarantee Agreement, Revival Letters, Lawyer letter, Copy of statement of account
Defendants Documents
Not available
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. C.M.Venugopalan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Sreekala.K
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. Dinesh Pookkayil
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Debt Recovery
Outcome:
Granted
Description:
Realisation of loan amount with interest
Evidence:
The court decreed that the defendants pay an amount of Rs.Rs.4,60,038/- with interest at the rate of 14.15% per annum from the date of suit...
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Documented the loan application
Reference:
Ext.A1
Document Type:
Loan Sanction Letter
Submitted By:
Plaintiff
Relevance:
Documented the sanctioning of the loan
Reference:
Ext.A2
Document Type:
Agreement for medium term loan
Submitted By:
Plaintiff
Relevance:
Documented the terms of the medium term loan agreement
Reference:
Ext.A3
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Documented the guarantee agreement executed by the second defendant
Reference:
Ext.A4
Document Type:
Revival Letters
Submitted By:
Plaintiff
Relevance:
Documented the acknowledgement of liability by the defendants
Reference:
Ext.A5 to A9
Document Type:
Lawyer letter
Submitted By:
Plaintiff
Relevance:
Documented the lawyer's notice issued
Reference:
Ext.A9
Document Type:
Copy of statement of account
Submitted By:
Plaintiff
Relevance:
Documented the statement of account with details of particular entries
Reference:
Ext.A10
Case Classification
Case Type
Civil Suit - Debt Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Debt default
Case Code
Case between State Bank of Travancore vs Meharban et al regarding loan default
Case Code Year
Case between State Bank of Travancore vs Meharban et al regarding loan default