Case Summary
This case involves a bank suing a borrower for defaulting on a loan.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Money recovery suit
Final Judgment
No
Why Plaintiff Won:
Judgment Evidence:
null
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Tirur Branch
Defendants
Khalidutty.C.F (44 years years)
Chekkinte Purakkal, Koottayi Town & Post.
Abdul Majeed.P.P. (55 years years)
Pareechinte Purakkal, Koottayi Town & Post.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Realization of Rs.3,10,012/- with interest
Evidence:
Plaintiff is entitled to realise an amount of Rs.3,10,012/- (Rupees Three Lakh Ten Thousand and Twelve only), with interest at the rate of 11% per annum from the date of suit till realization.
Relief Type:
Costs
Outcome:
Granted
Description:
Realization of costs of the suit from the defendant at confessional scale
Evidence:
Plaintiff is entitled to realize costs of the suit from the defendant at confessional scale.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Loan application dated 14-07-2014
Reference:
Ext.A1
Document Type:
Deed of Hypothecation Regarding Vehicles
Submitted By:
Plaintiff
Relevance:
Executed by the defendants on 14-07-2014 for an amount of Rs. 5,00,000/-
Reference:
Ext.A2
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Dated 14-07-2014
Reference:
Ext.A3
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
Dated 09.08.2016
Reference:
Ext.A4
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
Dated 14.06.2018
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Showing the details of the loan transaction
Reference:
Ext.A6