Case Summary
Kerala Gramin Bank filed a suit against defendants for failing to repay a loan of Rs. 50,000/- along with interest, resulting in a total due amount of Rs. 63,157/-.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Decree to pay Rs. 63,324/- with future interest
Case Type
Civil Suit - Money Realization
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided evidence of the loan agreement, the amount due, and repeated default by the defendants in repaying the loan.
The plaintiff provided evidence of the loan agreement, the amount due, and repeated default by the defendants in repaying the loan.
Judgment Evidence:
In the result, the suit is decreed as follows: 1. The defendants are hereby directed to pay the plaintiff an amount of Rs. 63,324/- with future interest at the rate of 12 % per annum on the principal amount of Rs. 62,189/- from the date of the suit till realization. 2. Plaintiff is entitled to realize the costs of the suit from the defendant.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Tirur Branch
Defendants
Mohammed Rafeeque (38 years)
Machingalakath House, Muthur, Thrikkandiyoor Amsom, Tirur
Shahul Hameed (36 years)
Thottiyil House, Muthur, Thrikkandiyoor Amsom, Tirur
Reliefs
Relief Type:
Money Realization
Outcome:
Granted
Description:
Decree to pay Rs. 63,324/- with future interest
Evidence:
In the result, the suit is decreed as follows: 1. The defendants are hereby directed to pay the plaintiff an amount of Rs. 63,324/- with future interest at the rate of 12 % per annum on the principal amount of Rs. 62,189/- from the date of the suit till realization.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Submitted by the first defendant for availing loan.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Promised to pay the loan amount with specified interest.
Reference:
Ext.A3
Document Type:
Copy of Registered Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Sent as a demand for repayment.
Reference:
Ext.A6
Document Type:
True Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Details of the amount due from the defendants.
Reference:
Ext.A7