Case Summary
The case involves Vijaya Bank against Jithesh.V.P. for the recovery of a loan amount. Jithesh defaulted on the repayment of the loan taken from the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realise an amount of Rs 1,23,996.50/- with interest at the rate of 11.25% per annum from the date of suit till the realization.
Case Type
Original Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved its case by adducing cogent and reliable evidence which remained unchallenged as the defendant was ex parte.
The plaintiff proved its case by adducing cogent and reliable evidence which remained unchallenged as the defendant was ex parte.
Judgment Evidence:
In the result, the suit is decreed as follows; Plaintiff is entitled to realise an amount of Rs 1,23,996.50/- (Rupees One Lakh Twenty Three Thousand Nine Hundred and Ninety Six and Fifty Paise only) with interest at the rate of 11.25 % per annum from the date of suit till the realization.
Parties Involved
Plaintiffs
Vijaya Bank (Age not specified years)
Defendants
Jithesh.V.P. (32 years)
Valluvan Parambil House, Mangalam amsom & Post, Pulluni desom, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize an amount of Rs 1,23,996.50/- with interest.
Evidence:
Therefore, I am satisfied that the plaintiff has proved his case by adducing cogent and reliable evidence. Hence the plaintiff is entitled to a decree as prayed for.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit from the defendant.
Evidence:
Plaintiff is entitled to realize the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Defendant applied for a loan of Rs. 47,500/- from the plaintiff bank.
Reference:
Ext.A1
Document Type:
Loan Sanction
Submitted By:
Plaintiff
Relevance:
Loan sanction document dated 16.03.2007.
Reference:
Ext.A2
Document Type:
Loan agreement cum Hypothecation Deed
Submitted By:
Plaintiff
Relevance:
Document detailing the loan agreement terms.
Reference:
Ext.A3
Document Type:
Acknowledgements of liability
Submitted By:
Plaintiff
Relevance:
Documents acknowledging the defendant's liability.
Reference:
Ext.A4 to A6
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Copy of lawyer notice dated 28.06.2016 sent to the defendant.
Reference:
Ext.A7
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Copy of the statement showing loan transaction details.
Reference:
Ext.A8