Case Summary
This case involves Syndicate Bank seeking recovery of loan amount from the defendants, K. K. Anil and Suvarna K. V., who defaulted on their personal loan. The court considered the defendants' willingness to settle the debt within a year and adjusted the interest rate accordingly.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of ₹3,09,464/- with future interest @ 6% per annum from the date of suit till the date of realization.
Case Type
Civil Suit
Final Judgment
No
The suit was decreed in favor of the plaintiff bank, allowing them to recover the principal amount with reduced interest. The penal interest claim was denied.
Why Plaintiff Won:
Defendants admitted their liability and indicated willingness to repay the loan, prompting the court to grant the relief accordingly.
Defendants admitted their liability and indicated willingness to repay the loan, prompting the court to grant the relief accordingly.
Losing Side's Weaknesses:
Defendants admitted their liability and indicated willingness to repay the loan, prompting the court to grant the relief accordingly.
Defendants admitted their liability and indicated willingness to repay the loan, prompting the court to grant the relief accordingly.
Supporting Evidence
Since, the defendants filed a conceding written statement stating that, they are ready to clear off the decree debt within 1 year, the suit is hereby decreed.
Judgment Evidence:
In the result, the suit is decreed with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- SYNDICATE BANK
- Party Role
- Defendant
- Party Name
- K. K. ANIL
- Party Age
- 54
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- SUVARNA. K. V
- Party Age
- 50
- Relation
- D/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. A. Santhosh
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt. Pooja. A. P
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. A. Sanjeev
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff bank is entitled to realize an amount of ₹3,09,464/- with future interest @ 6% per annum, from the date of suit till the date of realization.
Evidence:
Hence, the suit is decreed with costs as follows: The plaintiff is entitled to realize an amount of ₹3,09,464/- (Rupees Three Lakh Nine Thousand Four Hundred and Sixty Four Only) with future interest @ 6% per annum, from the date of suit till the date of realization.
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 SYNDICATE BANK vs K. K. ANIL et al regarding realization of money.
Case Code Year
Case between SYNDICATE BANK vs K. K. ANIL et al regarding realization of money.