Case Summary
The plaintiff, Karnataka Bank Limited, sanctioned a loan to the defendant, Vinod.K.L, which he failed to repay. The court found the defendant ex parte and ruled in favor of the plaintiff for the recovery of the outstanding loan amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is allowed to realise ₹3,37,504.38/- from the defendant and his assets.
Case Type
Civil Suit
Final Judgment
No
The court decreed the plaintiff's suit for realization of ₹3,37,504.38/- along with interest and costs. The defendant was found liable for the loan amount and the case proceeded ex parte due to his absence.
Why Plaintiff Won:
The evidence presented by the plaintiff was unchallenged as the defendant failed to appear.
The evidence presented by the plaintiff was unchallenged as the defendant failed to appear.
Losing Side's Weaknesses:
The evidence presented by the plaintiff was unchallenged as the defendant failed to appear.
The evidence presented by the plaintiff was unchallenged as the defendant failed to appear.
Supporting Evidence
The evidence of the plaintiff is unchallenged because the defendants were set ex parte and PW1 was not cross-examined.
Judgment Evidence:
In the result, suit is decreed with costs as follows: 1.Plaintiff is allowed to realise ₹3,37,504.38/- from the defendant and his assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Karnataka Bank Limited.
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Vinod.K.L
Plaintiffs Documents
Credit Sanction Intimation, Term Loan Agreement, Hypothecation Agreement, Recall Notice, Advocate Notice
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.Suresh Babu.J
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri.H.Rahul
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri.Sandeep.S.B
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Bhavya.A.B
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Nandini.N.B
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri.Kiran.S
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is allowed to recover an amount of ₹3,37,504.38 from the defendant.
Evidence:
The plaintiff is entitled to realise ₹3,37,504.38/- from the defendant and his assets.
Relief Type:
Interest
Outcome:
Granted
Description:
The plaintiff is allowed to recover interest at the rate of 11.85% per annum on the amount due.
Evidence:
Plaintiff is allowed to realise interest at the rate of 11.85% per annum with monthly rests from 09/10/2024 till the date of decree.
Relief Type:
Future Interest
Outcome:
Granted
Description:
The plaintiff is allowed to recover future interest at the rate of 6% per annum from the date of decree until realisation.
Evidence:
Plaintiff is allowed to realise future interest at the rate of 6% per annum from the date of decree till realisation.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is allowed to recover the costs of the suit from the defendants.
Evidence:
Plaintiff is allowed to realise the costs of the suit from the defendants and their assets.
Documents & Evidence
Document Type:
Credit Sanction Intimation
Submitted By:
Plaintiff
Relevance:
This document shows the authorization of the loan amount sanctioned to the defendant.
Reference:
Ext.A1
Document Type:
Term loan agreement
Submitted By:
Plaintiff
Relevance:
This document outlines the terms and conditions of the loan availed by the defendant.
Reference:
Ext.A2
Document Type:
Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
The hypothecation agreement secures the loan by pledging collateral.
Reference:
Ext.A3
Document Type:
Recall Notice
Submitted By:
Plaintiff
Relevance:
This notice indicates the plaintiff's reminder for repayment of the loan.
Reference:
Ext.A4
Document Type:
Advocate Notice
Submitted By:
Plaintiff
Relevance:
This notice documents the legal demand for repayment sent to the defendant.
Reference:
Ext.A5
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
These receipts are proof of the communications sent to the defendant.
Reference:
Ext.A6
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
This card serves as an acknowledgment of receipt for the communication.
Reference:
Ext.A7
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document details the outstanding balance owed by the defendant to the plaintiff.
Reference:
Ext.A8
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Recovery of money
Case Code
Case between Karnataka Bank Limited. vs Vinod.K.L regarding realisation of money.
Case Code Year
Case between Karnataka Bank Limited. vs Vinod.K.L regarding realisation of money.