Case Summary
The Federal Bank Ltd. filed a suit against Akhila Anil and others for recovery of an education loan amounting to `8,48,101/- with interest. The defendants applied for the loan and defaulted on repayments.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
`8,48,101/- with 6% interest and costs of the suit.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff directing the defendants to pay `8,48,101/- along with interest and costs of the suit. The defendants failed to appear in court.
Why Plaintiff Won:
The plaintiff established the defendants availed the loan and defaulted the repayments.
The plaintiff established the defendants availed the loan and defaulted the repayments.
Losing Side's Weaknesses:
The plaintiff established the defendants availed the loan and defaulted the repayments.
The plaintiff established the defendants availed the loan and defaulted the repayments.
Supporting Evidence
The plaintiff has established that defendants have availed the loan of `2,50,000/- for the education purchase of the first defendant and were not prompt in repaying the amount.
Judgment Evidence:
In the result, suit is decreed as follows: 1. The plaintiff is entitled to realize `8,48,101/- with 6% interest from the date of suit till the date of realization. 2. Plaintiff is also entitled to costs of the suit from the defendants.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- The Federal Bank Ltd.
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Akhila Anil
- Party Age
- 27
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Anil. B.
- Party Age
- 59
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Lalija. M.
- Party Age
- 55
- Relation
- W/o
Plaintiffs Documents
Loan application, loan sanction order, demand promissory note, security delivery letter, loan agreement, balance confirmation letters, suit notice, postal receipts, statement of account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt. Mini. R.S.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize `8,48,101/- with 6% interest from the date of suit till the date of realization.
Evidence:
The plaintiff is entitled to realize `8,48,101/- (Rupess Eight Lakhs Forty Eight Thousand One Hundred and One only) with 6% interest from the date of suit till the date of realization.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is also entitled to costs of the suit from the defendants.
Evidence:
Plaintiff is also entitled to costs of the suit from the defendants.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Loan application submitted by the defendants on 20/11/2014.
Reference:
Ext.A1
Document Type:
Loan sanction order
Submitted By:
Plaintiff
Relevance:
Loan sanction order dated 05/01/2015.
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Demand promissory note dated 05/01/2015 executed by the defendants.
Reference:
Ext.A3
Document Type:
Security Delivery Letter
Submitted By:
Plaintiff
Relevance:
Security delivery letter dated 05/01/2015.
Reference:
Ext.A4
Document Type:
Agreement for Federal Special Vidya Loan Scheme
Submitted By:
Plaintiff
Relevance:
Agreement for Federal Special Vidya Loan Scheme, dated 05/01/2015.
Reference:
Ext.A5
Document Type:
Balance Confirmation Letter
Submitted By:
Plaintiff
Relevance:
Balance confirmation letter dated 04/01/2018.
Reference:
Ext.A6
Document Type:
Balance Confirmation Letter
Submitted By:
Plaintiff
Relevance:
Balance confirmation letter dated 02/01/2021.
Reference:
Ext.A7
Document Type:
Balance Confirmation Letter
Submitted By:
Plaintiff
Relevance:
Balance confirmation letter dated 03/09/2021.
Reference:
Ext.A8
Document Type:
Copy of suit notice
Submitted By:
Plaintiff
Relevance:
Copy of Suit notice dated 09/04/2024.
Reference:
Ext.A9
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Postal receipts related to the suit.
Reference:
Ext.A10 (series)
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of account for the period 29/12/2014 to 09/04/2024.
Reference:
Ext.A11 (series)
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiffs Court, Varkala
Common Reasons
Recovery of money
Case Code
Case between The Federal Bank Ltd. vs Akhila Anil et al regarding loan recovery
Case Code Year
Case between The Federal Bank Ltd. vs Akhila Anil et al regarding loan recovery