Case Summary
State Bank of India, Thalayolaparambu Branch is involved in a case against Manoj.P.C. for the recovery of a personal loan amount. The plaintiff bank claims that the defendant defaulted on repayments and is entitled to recover the outstanding loan amount along with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff bank is allowed to realize the claim of Rs.1,72,030/- and also to realize 9% interest on the principal amount of ₹.2,00,000/- from the date of the suit till realization.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing them to recover the claimed amount along with interest. The defendant was found liable for the default in loan repayment.
Why Plaintiff Won:
The plaintiff’s bank provided overwhelming evidence of the loan agreement and the defendant's default.
The plaintiff’s bank provided overwhelming evidence of the loan agreement and the defendant's default.
Losing Side's Weaknesses:
The plaintiff’s bank provided overwhelming evidence of the loan agreement and the defendant's default.
The plaintiff’s bank provided overwhelming evidence of the loan agreement and the defendant's default.
Supporting Evidence
The Manager of the plaintiff's bank gave evidence in tune with the pleadings in the plaint. He was also relying on Ext. A1 to A4 documents to establish the case.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff’s bank is allowed to realise the plaint claim of Rs.1,72,030/- (One Lakh Seventy Two Thousand and Thirty only) and also to realise 9% interest on the principal amount of ₹.2,00,000/- from the defendant from the date of the suit ie, 27.07.2023 till realisation.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India, Thalayolaparambu Branch
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Manoj.P.C.
- Party Age
- 37
Plaintiffs Documents
Original of the personal loan agreement dated 11.12.2020, Original arrangement letter dated 11.12.2020, Copy of lawyers notice dated 23.02.2022, Certified copy of the statement of loan account No.39864032736 between the period 11.12.2020 to 13.06.2023 dated 13.06.2023.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Adv. Johny.K.Manippadam
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Adv.Joby Varghese.K.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff bank is allowed to realize the plaint claim of Rs.1,72,030/- and also to realize 9% interest on the principal amount of ₹.2,00,000/- from the date of the suit till realization.
Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff’s bank is allowed to realise the plaint claim of Rs.1,72,030/- (One Lakh Seventy Two Thousand and Thirty only) and also to realise 9% interest on the principal amount of ₹.2,00,000/- from the defendant from the date of the suit ie, 27.07.2023 till realisation.
Documents & Evidence
Document Type:
Personal Loan Agreement
Submitted By:
Plaintiff
Relevance:
Original of the personal loan agreement dated 11.12.2020.
Reference:
Ext.A1
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
Original arrangement letter dated 11.12.2020.
Reference:
Ext.A2
Document Type:
Lawyers notice
Submitted By:
Plaintiff
Relevance:
Copy of lawyer's notice dated 23.02.2022.
Reference:
Ext.A3
Document Type:
Loan Account Statement
Submitted By:
Plaintiff
Relevance:
Certified copy of statement of loan account No.39864032736 between the period 11.12.2020 to 13.06.2023 dated 13.06.2023.
Reference:
Ext.A4
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court Vaikom
Common Reasons
Recovery of money
Case Code
O.S.
Case Code Year
2023