Case Summary
The Federal Bank Limited has filed a suit against Saneesh M.Y for the recovery of a loan amounting to ₹4,85,555.55. The defendant defaulted on the repayment despite multiple notices from the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is hereby entitled to realize ₹4,85,555.55 with 12% interest from the date of suit till the date of decree and 6% interest from the date of decree till date of realization.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing them to recover the loan amount along with interest and costs.
Why Plaintiff Won:
The plaintiff established their case through unchallenged oral and documentary evidence.
The plaintiff established their case through unchallenged oral and documentary evidence.
Losing Side's Weaknesses:
The plaintiff established their case through unchallenged oral and documentary evidence.
The plaintiff established their case through unchallenged oral and documentary evidence.
Supporting Evidence
Through the unchallenged oral and documentary evidence adduced by the plaintiff bank, the plaintiff has established their case.
Judgment Evidence:
In the result, suit is decreed as follows: 1. The plaintiff is hereby entitled to realize ₹4,85,555.55 from the defendant with 12% interest from the date of suit till the date of decree and 6% interest from the date of decree till date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- The Federal Bank Limited
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Saneesh M.Y
- Party Age
- 35
- Relation
- S/o
Plaintiffs Documents
Copy Of Advocate Notice dated 22-03-2024, Postal receipt, Statement of account for the period from 29-08-2018 to 20-03-2024.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt. R.S. Mini
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize an amount of Rs. 4,85,555.55 from the defendant.
Evidence:
So this court is having no hesitation to hold that the plaintiff is entitled to realize the amount of Rs. 4,85,555.55/- (Rupees Four Lakhs Eighty Five Thousand Five Hundred and Fifty Five and Fifty Five Paise only) with interest.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize costs of the proceedings from the defendant.
Evidence:
The plaintiff is also entitled to realize costs of the proceedings from the defendant.
Documents & Evidence
Document Type:
Copy of Advocate Notice
Submitted By:
Plaintiff
Relevance:
Issued to inform the defendant about the loan default and demand payment.
Reference:
Ext.A1
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Served as proof of sending the advocate notice.
Reference:
Ext.A2
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Demonstrates the loan transactions and the amount dues.
Reference:
Ext.A3
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiffs Court, Varkala
Common Reasons
Non-payment of Loan
Case Code
Case between The Federal Bank Limited vs Saneesh M.Y regarding loan recovery.
Case Code Year
Case between The Federal Bank Limited vs Saneesh M.Y regarding loan recovery.