Case Summary
Kerala Gramin Bank filed a suit against the defendants, seeking recovery of a loan amount with interest due to non-payment and breach of agreement terms.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of loan amount with 9% interest
Case Type
Civil Suit - Loan Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided clear evidence of the loan agreement, disbursement, and default in repayment by the defendants.
The plaintiff provided clear evidence of the loan agreement, disbursement, and default in repayment by the defendants.
Judgment Evidence:
The suit is decreed as follows: I. The defendant is hereby directed to pay the sum of Rs. 4,28,457/- (Rupees four lakh twenty eight thousand four hundred and fifty seven only) to 9% interest on the principal amount of Rs. 4,21,836/- from the date of suit till the date of realization. II. The defendants shall pay the costs of the suit to the plaintiff.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Koottayi Branch
Defendants
Sajid.A.P. (33 years)
Anikakkantye Purakkal House, P.O. Vakkad, Pachattiri amsom Tirur Taluk
Koyassan.A.P. (62 years)
Anikakkantye Purakkal House, P.O. Vakkad, Pachattiri amsom Tirur Taluk
Abdul Jaleel (35 years)
Anikakkantye Purakkal House, P.O. Vakkad, Pachattiri amsom Tirur Taluk
Reliefs
Relief Type:
Loan Recovery
Outcome:
Granted
Description:
Recovery of loan amount with 9% interest
Evidence:
The suit is decreed as follows: I. The defendant is hereby directed to pay the sum of Rs. 4,28,457 /- (Rupees four lakh twenty eight thousand four hundred and fifty seven only) to 9% interest on the principal amount of Rs. 4,21,836 /- from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Loan agreement between the bank and defendants
Reference:
Ext.A1
Document Type:
Supplemental Education Loan Agreement
Submitted By:
Plaintiff
Relevance:
Supplemental agreement with modified repayment terms
Reference:
Ext.A2
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Certified statement showing details and entries related to the loan
Reference:
Ext.A10