Case Summary
This case involves Punjab National Bank suing SunilKumar G. for the repayment of a loan. The bank claims the defendant defaulted on the loan agreement, resulting in outstanding dues.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant shall pay an amount of Rs. 5,27,496.52/- with interest at the rate of 10.6% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, requiring the defendant to repay the amount owed. The plaintiff is entitled to interest at a specified rate until full realization.
Why Plaintiff Won:
Plaintiff's unchallenged evidence proved its case.
Plaintiff's unchallenged evidence proved its case.
Losing Side's Weaknesses:
Plaintiff's unchallenged evidence proved its case.
Plaintiff's unchallenged evidence proved its case.
Supporting Evidence
Plaintiff's unchallenged evidence proves its case and it is entitled to a decree to realise the amount from the defendant.
Judgment Evidence:
In the result, the suit is decreed with costs and defendant shall pay an amount of Rs. 5,27,496.52/- (Rupees Five lakhs Twenty Seven thousand Four hundred and Ninety Six and Fifty Two paise only) to the plaintiff with interest at the rate of 10.6% per annum for the principal amount from the date of suit till the date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Punjab National Bank
- Party Role
- Defendant
- Party Name
- SunilKumar G.
- Party Age
- 52
- Relation
- S/o
Plaintiffs Documents
Original application for Micro, Small & Medium Enterprises (MSME) for loan, Original of Appraisal/Sanction note, Original of Agreement for loan/cash credit/overdraft, Original of Balance and Security Confirmation letter, Recall notice and postal receipt, Certified copy of statement of account with certification.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. R.S Mohanan Nair
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant shall pay an amount of Rs. 5,27,496.52 to the plaintiff with interest.
Evidence:
Thus, the suit is decreed with costs and defendant shall pay an amount of Rs. 5,27,496.52/- to the plaintiff with interest at the rate of 10.6% per annum for the principal amount from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Application for Micro, Small & Medium Enterprises (MSME) for loan
Submitted By:
Plaintiff
Relevance:
Original application for MSME loan dated 01.08.2017.
Reference:
Ext.A1
Document Type:
Appraisal/Sanction note
Submitted By:
Plaintiff
Relevance:
Original of Appraisal/Sanction note dated 07.08.2017.
Reference:
Ext.A2
Document Type:
Agreement for loan/cash credit/overdraft
Submitted By:
Plaintiff
Relevance:
Original of Agreement for loan/cash credit/overdraft dated 07.08.2017.
Reference:
Ext.A3
Document Type:
Balance and Security Confirmation Letter
Submitted By:
Plaintiff
Relevance:
Original of Balance and Security Confirmation letter dated 28.05.2020.
Reference:
Ext.A4
Document Type:
Recall notice and postal receipt
Submitted By:
Plaintiff
Relevance:
Recall notice and postal receipt dated 05.04.2022.
Reference:
Ext.A5 series
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Certified copy of statement of account with certification.
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Non-payment of rent
Case Code
Case between Punjab National Bank vs SunilKumar G. regarding realization of money.
Case Code Year
Case between Punjab National Bank vs SunilKumar G. regarding realization of money.