Case Summary
Kerala Gramin Bank filed suit against defendants for defaulting on a loan of Rs.1,00,000, seeking recovery of principal amount and interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Payment of Rs.1,33,074/- with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided cogent and reliable evidence to prove its case, which remained unchallenged as the defendants were exparte.
The plaintiff provided cogent and reliable evidence to prove its case, which remained unchallenged as the defendants were exparte.
Judgment Evidence:
The suit for realisation of money. I. The defendant is hereby directed to pay the sum of Rs.1,33,074/- to the plaintiff with interest there on at the rate of 14% per annum from the date of suit till the date of realization.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Tanur Branch
Defendants
Kasim.M.M. (48 years)
Mullamadakkal House, Areekkad, Ponmundam amsom and desom, Tirur Taluk
Mujeeb Rahman.P. (49 years)
Panambalathingal House, P.O.Tanur, Rayirimangalam amsom, Tirur Taluk
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Payment of Rs.1,33,074/- with 14% interest per annum
Evidence:
The defendant is hereby directed to pay the sum of Rs.1,33,074/- to the plaintiff with interest there on at the rate of 14% per annum from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Loan application dated 10-6-2014.
Reference:
A1
Document Type:
Request for Overdraft Facilities
Submitted By:
Plaintiff
Relevance:
Request for Overdraft facilities dated 10-6-2014.
Reference:
A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Demand Promissory Note dated 10-6-2014.
Reference:
A3
Document Type:
Take Delivery Letter to DPN
Submitted By:
Plaintiff
Relevance:
Take Delivery Letter to DPN dated 10-6-2014.
Reference:
A4
Document Type:
Agreement for Retail Credit Card
Submitted By:
Plaintiff
Relevance:
Agreement for Retail Credit Card dated 10-6-2014.
Reference:
A5
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Guarantee Agreement dated 10-6-2014.
Reference:
A6
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Acknowledgment of Debt and Security dated 10-6-2016.
Reference:
A7
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Copy of Lawyer Notice dated 9-8-2017.
Reference:
A8
Document Type:
Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Copy of Statement of Accounts.
Reference:
A9