Case Summary
Kerala Gramin Bank filed a suit against Mohammed Koya.A. seeking repayment of a loan amount along with interest due to default on the repayment terms.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Money recovery with interest and penal interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved the default in repayment as per the agreed terms, and the court found the interest claimed to be justifiable.
The plaintiff proved the default in repayment as per the agreed terms, and the court found the interest claimed to be justifiable.
Judgment Evidence:
In the result, suit is decreed as follows: The defendant is directed to pay the plaintiff Bank an amount of Rs.1,01,582/- with future interest at 12% per annum compounded on Rs. 98,103/- and a penal interest of 2% per annum on 98,103/- from the date of suit till the date of realization.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Tirur Branch
Defendants
Mohammed Koya.A. (51 years)
Aminummanakath House, Neduva amsom & Post, Parappanangadi, Tirurangadi Taluk
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Recovery of loan amount with interest and penal interest
Evidence:
In the result, suit is decreed as follows: The defendant is directed to pay the plaintiff Bank an amount of Rs.1,01,582/- with future interest at 12% per annum compounded on Rs. 98,103/- and a penal interest of 2% per annum on 98,103/- from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Loan Application Form
Submitted By:
Plaintiff
Relevance:
Submitting loan application and terms
Reference:
A1 - 7-3-2013
Document Type:
Memorandum of agreement for agricultural loans
Submitted By:
Plaintiff
Relevance:
Documentation of loan agreement
Reference:
A2 - 7-3-2013
Document Type:
Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Providing evidence of due amount
Reference:
A3 - 15-2-2016