Case Summary
Vijaya Bank, represented by its Branch Manager, filed a suit against Satheesan for the recovery of a loan amount. The defendant defaulted on repayment despite repeated demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is allowed to realise an amount of Rs.57,350 with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved its case by adducing cogent and reliable evidence.
The plaintiff proved its case by adducing cogent and reliable evidence.
Judgment Evidence:
In the result, the suit is decreed as follows: The plaintiff is allowed to realise an amount of Rs.57,350 with interest at the rate of 11.65% per annum till realisation from the defendant and his assets.
Parties Involved
Plaintiffs
Vijaya Bank (Age not specified years)
Defendants
Satheesan (45 years)
Puzhasseri House, Boat Jetty, Purathur, Tirur (PO)
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is allowed to recover an amount of Rs.57,350/- from the defendant.
Evidence:
In the result, the suit is decreed as follows: I The plaintiff is allowed to realise an amount of Rs.57,350/-.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the costs of the suit from the defendant.
Evidence:
II. Plaintiff is entitled to realise the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document evidencing the loan application made by the defendant.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document executed by the defendant promising to pay the loan amount.
Reference:
Ext.A2
Document Type:
Letter of Repayment
Submitted By:
Plaintiff
Relevance:
Document outlining the terms for repayment of the loan.
Reference:
Ext.A3
Document Type:
Agreement for Loan Scheme
Submitted By:
Plaintiff
Relevance:
Agreement executed by the defendant agreeing to repay the loan with interest.
Reference:
Ext.A4
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice issued by the plaintiff to the defendant regarding the loan default.
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Document showing details of the loan transaction.
Reference:
Ext.A6