Case Summary
State Bank of Travancore filed a suit against defendants seeking realisation of a loan amount with interest due to non-repayment as per the agreement.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realisation of Loan Amount with Interest and Costs
Case Type
Civil Suit - Realisation of Loan Amount
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided unchallenged oral evidence and documents proving non-repayment of the loan amount as per the agreement.
The plaintiff provided unchallenged oral evidence and documents proving non-repayment of the loan amount as per the agreement.
Judgment Evidence:
In the result the suit is decreed as follows:- 1. Plaintiff is allowed to realise an amount of Rs.94,430/- with interest at the rate of 7.5% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realisation from the defendants and their assets.
Parties Involved
Plaintiffs
State Bank of Travancore (Age not specified years)
Chief Manager, Tanur Branch
Defendants
Sundaran M.P. (38 years)
Muthamparambil House, Keraladheeswarapuram Amsom Desom, Post. Keraladheeswarapuram, Tanalur Via, Tirur Taluk
Lakshmi M.P. (74 years)
Muthamparambil House, Keraladheeswarapuram Amsom Desom, Post. Keraladheeswarapuram, Tanalur Via, Tirur Taluk
Reliefs
Relief Type:
Realisation of Loan Amount
Outcome:
Granted
Description:
Realisation of an amount of Rs.94,430/- with interest at the rate of 7.5% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realisation from the defendants and their assets.
Evidence:
In the result the suit is decreed as follows:- 1. Plaintiff is allowed to realise an amount of Rs.94,430/- with interest at the rate of 7.5% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realisation from the defendants and their assets.
Documents & Evidence
Document Type:
Application form for housing finance
Submitted By:
Plaintiff
Relevance:
Loan application submitted by the defendants
Reference:
Ext.A1
Document Type:
Memorandum Term loan Agreement
Submitted By:
Plaintiff
Relevance:
Housing loan Agreement executed by the defendants
Reference:
Ext.A2
Document Type:
Memorandum of deposit of title deeds
Submitted By:
Plaintiff
Relevance:
Title deed deposited by the second defendant as collateral security
Reference:
Ext.A3
Document Type:
Jenm Assignment Deed
Submitted By:
Plaintiff
Relevance:
Title deed of the second defendant's property
Reference:
Ext.A4
Document Type:
Revival Letter Form II
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt by the defendants
Reference:
Ext.A5
Document Type:
Revival Letter Form III
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt by the defendants
Reference:
Ext.A6
Document Type:
Revival Letter Form III
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt by the defendants
Reference:
Ext.A7
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Shows the amount due from the defendants as on the date of the suit
Reference:
Ext.A8