Case Summary
The Kerala Gramin Bank has filed a suit against Mrs. Bindu Ashokan and other defendants for the recovery of a loan amount. The defendants defaulted on the repayment of the loan granted to them for starting a business.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realise an amount of Rs. 2,56,051/- from the defendants with interest.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff. The court ordered the defendants to pay an amount of Rs. 2,56,051/- along with interest.
Why Plaintiff Won:
The unchallenged evidence of the plaintiff and the documents produced showed that the plaintiff is entitled to a decree as prayed for.
The unchallenged evidence of the plaintiff and the documents produced showed that the plaintiff is entitled to a decree as prayed for.
Losing Side's Weaknesses:
The unchallenged evidence of the plaintiff and the documents produced showed that the plaintiff is entitled to a decree as prayed for.
The unchallenged evidence of the plaintiff and the documents produced showed that the plaintiff is entitled to a decree as prayed for.
Supporting Evidence
The unchallenged evidence of PW1 and Ext.A1 to A7 would show that the plaintiff is entitled to a decree as prayed for.
Judgment Evidence:
In the result, the suit is decreed as follows: The plaintiff is entitled to realise an amount of Rs. 2,56,051/- (Rupees Two Lakhs Fifty Six Thousand and Fifty One only) from the defendants with interest at the rate of 12% per annum from the date of suit till the date of decree and with future interest at the rate of 6% from the date of decree till realisation of decree amount.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Kerala Gramin Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Mrs.Bindu Ashokan
- Party Age
- 44
- Party Role
- Defendant
- Party Name
- Neenu KC
- Party Age
- 31
- Party Role
- Defendant
- Party Name
- Mayachandran
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Jisha
- Party Age
- 24
- Party Role
- Defendant
- Party Name
- Meenu
- Party Age
- 29
- Relation
- W/o
Plaintiffs Documents
Loan application submitted by Aiswarya to Kerala Gramin Bank, Inter se agreement executed by Bindu Ashokan and others, Letter of consent cum guarantee cum Hypothecation agreement for JLU loans, Promissory note for Rs.2,50,000, Take delivery letter to DPN issued by Bindu Ashokan and Neenu KG, Copy of lawyer notice sent to Bindu Ashokan and others, Copy of extract of Bank statement.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. A Girishkumar
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Smt.Hany K
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to recover an amount of Rs. 2,56,051/- from the defendants.
Evidence:
The suit is decreed as follows: 1.The plaintiff is entitled to realise an amount of Rs. 2,56,051/-.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to recover the costs of the suit from the defendants.
Evidence:
The plaintiff is also entitled to realise the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Submitted by Aiswarya to Kerala Gramin Bank for financial assistance.
Reference:
Ext.A1
Document Type:
Inter se Agreement
Submitted By:
Plaintiff
Relevance:
Executed by Bindu Ashokan and four others in favor of the plaintiff bank.
Reference:
Ext.A2
Document Type:
Letter of consent cum guarantee cum hypothecation agreement
Submitted By:
Plaintiff
Relevance:
Executed by Bindu Ashokan and another in favor of the bank for JLG loans.
Reference:
Ext.A3
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
Executed by Bindu Ashokan and Neenu KK as President and Secretary of Aiswarya JLG.
Reference:
Ext.A4
Document Type:
Take Delivery Letter
Submitted By:
Plaintiff
Relevance:
Issued by Bindu Ashokan and Neenu KG for Aiswarya JLG to the Manager, Kerala Gramin Bank.
Reference:
Ext.A5
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Sent by Advocate Girishkumar to Bindu Ashokan and others with postal receipts.
Reference:
Ext.A6
Document Type:
Copy of extract of Bank statement
Submitted By:
Plaintiff
Relevance:
Shows the period of transactions related to the loan account.
Reference:
Ext.A7
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court 1 Kozhikode
Common Reasons
Recovery of money
Case Code
Case between Kerala Gramin Bank vs Mrs.Bindu Ashokan et al regarding realisation of money
Case Code Year
Case between Kerala Gramin Bank vs Mrs.Bindu Ashokan et al regarding realisation of money