Case Summary
The case involves the Punjab National Bank suing Krishna Prasad.A.S. and others for the repayment of an education loan amounting to Rs.3,35,965/-. The defendants defaulted on their loan repayments, leading to legal action by the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is allowed to realise Rs.3,35,965/- along with interest at the rate of 13.50% per annum and costs from the defendants.
Case Type
Civil Suit
Final Judgment
No
The court ruled in favor of the plaintiff, allowing the Punjab National Bank to recover the outstanding loan amount along with interest and costs from the defendants.
Why Plaintiff Won:
The defendants defaulted on their loan repayments and did not contest the case.
The defendants defaulted on their loan repayments and did not contest the case.
Losing Side's Weaknesses:
The defendants defaulted on their loan repayments and did not contest the case.
The defendants defaulted on their loan repayments and did not contest the case.
Supporting Evidence
Despite their undertaking to repay the loan amount together with interest thereon, the defendants failed to turn up and defaulted in paying the said sum.
Judgment Evidence:
In the result, suit is decreed with costs as follows: Plaintiff is allowed to realise Rs.3,35,965/- from the defendants and their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Punjab National Bank Medical College Branch
- Relation
- represented by its Senior Manager, Sheela Nair, W/o.Anil Kumar Nair, aged 52 years
- Party Role
- Defendant
- Party Name
- Krishna Prasad.A.S.
- Party Age
- 22
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Anilkumar
- Party Age
- 52
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Sindhu.S.
- Party Age
- 49
- Relation
- W/o
Plaintiffs Documents
Loan Application dated 05/07/2008, Sanction Letter dated 11/07/2008, Agreement of Term Loan for Education dated 11/07/2008, Letters with Postal Receipts, Balance and Security Confirmation, Returned Notice, Statement of Accounts
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P.Balakrishnan
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff allowed to recover the outstanding amount from the defendants.
Evidence:
Therefore, suit is decreed with costs as follows: Plaintiff is allowed to realise ₹3,35,965/- is outstanding in3,43,693/- from the defendants and their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff allowed to recover interest at the rate of 13.50% per annum with monthly rests till the date of decree.
Evidence:
Plaintiff is allowed to realise interest at the rate of 13.50% per annum with monthly rests till the date of decree.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff allowed to recover future interest at the rate of 6% per annum from the date of decree till realisation.
Evidence:
Plaintiff is allowed to realise future interest at the rate of 6% per annum from the date of decree till realisation.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff allowed to recover the costs of the suit from the defendants.
Evidence:
Plaintiff is allowed to realise the costs of the suit from the defendants and their assets.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The loan application submitted by the defendants for the education loan.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
The sanction letter issued by the plaintiff bank for the education loan.
Reference:
Ext.A2
Document Type:
Agreement of term loan for education
Submitted By:
Plaintiff
Relevance:
The agreement executed by the defendants regarding the education loan.
Reference:
Ext.A3
Document Type:
Letters with Postal Receipts
Submitted By:
Plaintiff
Relevance:
Letters sent to the defendants regarding the loan with postal receipts.
Reference:
Ext.A4, A5, A6
Document Type:
Balance and security confirmation
Submitted By:
Plaintiff
Relevance:
Confirmation letters regarding the balance and security for the loan.
Reference:
Ext.A7, A8
Document Type:
Returned notice
Submitted By:
Plaintiff
Relevance:
Notice that was returned by the defendants.
Reference:
Ext.A9
Document Type:
Statements of Accounts
Submitted By:
Plaintiff
Relevance:
Statement of accounts showing the outstanding balance.
Reference:
Ext.A10
Case Classification
Case Type
Civil Suit
Category
Other Civil Cases
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Non-payment of rent
Case Code
OS.NO.
Case Code Year
2020