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
The court decreed that the plaintiff is entitled to recover Rs. 57,350 with interest from the defendant. Costs of the suit are also to be borne by the defendant.
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.
Losing Side's Weaknesses:
The plaintiff proved its case by adducing cogent and reliable evidence.
The plaintiff proved its case by adducing cogent and reliable evidence.
Supporting Evidence
The evidence adduced by the plaintiff remained unchallenged. I find no reason to disbelieve PW1.
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
Parties
- Party Role
- Plaintiff
- Party Name
- Vijaya Bank
- Relation
- Rep. By its Branch Manager
- Party Role
- Defendant
- Party Name
- Satheesan
- Party Age
- 45
- Relation
- S/o Velayudhan
Plaintiffs Documents
Loan application dated 22-09-2016, Demand Promissory Note dated 27-09-2016, Letter of Repayment dated 27-09-2016, Agreement for Loan Scheme dated 27-09-2016, True copy of lawyer notice dated 4-7-2017, Copy of statement of accounts showing the details of loan transaction.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P.V.Suresh
- Appearance Type
- Main Counsel
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
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Recovery of money
Case Code
Case between Vijaya Bank vs Satheesan regarding realisation of money
Case Code Year
Case between Vijaya Bank vs Satheesan regarding realisation of money