Case Summary
Kerala Gramin Bank filed a suit to recover a loan amount of Rs. 3,91,783 from two defendants who borrowed the sum for purchase of a vehicle.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Payment of loan amount with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is hereby directed to pay the sum of Rs. 3,91,783 /- to the plaintiff with 9% interest per annum on the principal amount of Rs. 3,86,395/- from the date of the suit till the date of realization.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Koottayi Branch
Defendants
Noushad.P.V. (29 years)
Puthuveettil House, Azhimugham, P.O.Padinjarekkara, Purathoor amsom, Tirur Taluk
P.V.Abdullakutty (60 years)
Puthuveettil House, Azhimugham, P.O.Padinjarekkara, Purathoor amsom, Tirur Taluk
Reliefs
Relief Type:
Payment of loan amount with interest
Outcome:
Granted
Description:
Decree for payment of Rs. 3,91,783 with interest
Evidence:
The defendant is hereby directed to pay the sum of Rs. 3,91,783 /- to the plaintiff with 9% interest per annum on the principal amount of Rs. 3,86,395/- from the date of the suit till the date of realization.