Case Summary
The State Bank of India is suing Aravindakshan V. for the recovery of a loan amount. The defendant defaulted on repaying the personal loan obtained from the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant shall pay an amount of RS.71,021/- with interest and costs.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, granting them the amount claimed with interest.
Why Plaintiff Won:
The plaintiff bank provided evidence of the loan agreement and the defendant's failure to repay.
The plaintiff bank provided evidence of the loan agreement and the defendant's failure to repay.
Losing Side's Weaknesses:
The plaintiff bank provided evidence of the loan agreement and the defendant's failure to repay.
The plaintiff bank provided evidence of the loan agreement and the defendant's failure to repay.
Supporting Evidence
The evidence of PW1, supported by the documentary evidence, stands unchallenged.
Judgment Evidence:
In the result, the suit is decreed as follows: A) The defendant shall pay an amount of RS.71,021/- (Rupees seventy one thousand and twenty one only) to the plaintiff 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 realization of decree amount.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank Of India, ACB Perambra Branch
- Party Role
- Defendant
- Party Name
- Aravindakshan V.
- Party Age
- 54
- Relation
- S/o
Plaintiffs Documents
Loan application form, Agreement letter, Personal Loan agreement, Copy of lawyer notice, Postal receipt, Unclaimed Postal cover, Copy of statement of account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Vinod Sigh Cheriyan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- T.M. Khalid
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Saranya O.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Shynu H.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Seema Varghese
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Arjun P.M.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Muhammed Sinan P.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Meghna Francis
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Naveena T.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant ordered to pay the amount due along with interest.
Evidence:
The defendant shall pay an amount of RS.71,021/- (Rupees seventy one thousand and twenty one only) to the plaintiff 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.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff entitled to recover costs of the suit from the defendant.
Evidence:
The plaintiff shall also be entitled to realise the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Loan Application Form
Submitted By:
Plaintiff
Relevance:
Used to establish the loan application made by the defendant.
Reference:
Ext.A1
Document Type:
Agreement Letter
Submitted By:
Plaintiff
Relevance:
Document outlining the terms agreed upon for the loan.
Reference:
Ext.A2
Document Type:
Personal Loan Agreement
Submitted By:
Plaintiff
Relevance:
Formal agreement detailing the loan terms between the plaintiff and defendant.
Reference:
Ext.A3
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice sent to the defendant regarding the loan default.
Reference:
Ext.A4
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Proof of sending the lawyer notice to the defendant.
Reference:
Ext.A4(a)
Document Type:
Unclaimed postal cover
Submitted By:
Plaintiff
Relevance:
Documentation relating to the lawyer notice issue.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Used to establish the amount due from the defendant.
Reference:
Ext.A6
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 State Bank Of India, ACB Perambra Branch vs Aravindakshan V. regarding recovery of loan amount
Case Code Year
Case between State Bank Of India, ACB Perambra Branch vs Aravindakshan V. regarding recovery of loan amount