Case Summary
The case involves KERALA GRAMIN BANK seeking recovery of a vehicle loan from the defendants. The bank alleges that the defendants defaulted on their loan payments, leading to the amount being classified as a non-performing asset.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay an amount of Rs.2,45,092/- with future interest at 12% per annum from the date of suit till the date of decree and with interest @ 6% per annum from the date of decree.
Case Type
Civil Suit
Final Judgment
No
The court has decreed the suit in favor of the plaintiff, ordering the defendants to pay the outstanding amount along with interest.
Why Plaintiff Won:
The plaintiff proved their case through unchallenged evidence.
The plaintiff proved their case through unchallenged evidence.
Losing Side's Weaknesses:
The plaintiff proved their case through unchallenged evidence.
The plaintiff proved their case through unchallenged evidence.
Supporting Evidence
The evidence of PW1 and the documents produced by her remains unchallenged. As such, I find that the plaintiff had proved her case and is entitled to a decree as prayed for.
Judgment Evidence:
In the result, suit is decreed as follows: 1) The defendants are directed to pay an amount of Rs.2,45,092/- (Rupees two lakhs forty five thousand and ninety two only) with future interest at 12% per annum from the date of suit till the date of decree and with interest @ 6% per annum from the date of decree till its realization to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- KERALA GRAMIN BANK
- Party Role
- Defendant
- Party Name
- BABEESH.K
- Party Age
- 32
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- GOPALAN.K
- Party Age
- 67
- Relation
- S/o
Plaintiffs Documents
Agreement for vehicle loan executed by defendant to plaintiff, Guarantee agreement executed by defendant to plaintiff bank, Acknowledgment of debt and security of Borrower executed by Defendant to plaintiff Bank.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.P.Anoop
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- P.K,Ramachandran
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Ameya.V
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Abdul Raoof.V.P
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay an amount of Rs.2,45,092/- with future interest
Evidence:
The defendants are directed to pay an amount of Rs.2,45,092/- (Rupees two lakhs forty five thousand and ninety two only) with future interest at 12% per annum from the date of suit
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to realize costs of the suit from the defendants
Evidence:
The plaintiff is also entitled to realize costs of the suit from the defendants.
Documents & Evidence
Document Type:
Agreement for Vehicle Loan
Submitted By:
Plaintiff
Relevance:
Executed by defendant to plaintiff as consideration and security for the vehicle loan
Reference:
Ext.A1
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Executed by defendant to plaintiff bank, standing as guarantee for the loan
Reference:
Ext.A2
Document Type:
Acknowledgment of debt and security of borrower
Submitted By:
Plaintiff
Relevance:
Executed by Defendant to plaintiff Bank acknowledging liability
Reference:
Ext.A3
Document Type:
Acknowledgment of debt and security of borrower
Submitted By:
Plaintiff
Relevance:
Executed by Defendant to plaintiff Bank acknowledging liability
Reference:
Ext.A4
Document Type:
Account Statement
Submitted By:
Plaintiff
Relevance:
Account statement of account No.PVL.19515359000317 showing transaction history
Reference:
Ext.A5
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice sent to defendants regarding the loan recovery
Reference:
Ext.A6
Document Type:
Undelivered cover
Submitted By:
Plaintiff
Relevance:
Evidence of notice sent to defendants that was unclaimed
Reference:
Ext.A7
Document Type:
Undelivered cover
Submitted By:
Plaintiff
Relevance:
Evidence of notice sent to defendants that was unclaimed
Reference:
Ext.A8
Case Classification
Case Type
Civil Suit
Category
Other Civil Cases
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court 2 Kozhikode
Common Reasons
Non-payment of rent
Case Code
Case between KERALA GRAMIN BANK vs BABEESH.K et al regarding realisation of amount.
Case Code Year
Case between KERALA GRAMIN BANK vs BABEESH.K et al regarding realisation of amount.