Case Summary
The plaintiff, State Bank of India, claims repayment of a loan amount from the defendants, M/s.PUBG Mobiles and Sreeja Rani.G., due to default in repayment. The court awarded the plaintiff a judgment for the outstanding loan amount with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs.7,46,531.32 with future interest and Rs.44,987.71 with future interest
Case Type
Civil Suit
Final Judgment
No
The court directed the defendants to pay the plaintiff the principal amount along with interest due to default in repayment of the loan.
Why Plaintiff Won:
The plaintiff was able to establish the loan agreement and the default in payment by the defendants.
The plaintiff was able to establish the loan agreement and the default in payment by the defendants.
Losing Side's Weaknesses:
The plaintiff was able to establish the loan agreement and the default in payment by the defendants.
The plaintiff was able to establish the loan agreement and the default in payment by the defendants.
Supporting Evidence
The case of the plaintiff is that the defendants being applicants availed a loan of Rs.6,00,000/- (Rupees Six lakh only) from the plaintiff bank as per Ext.A1, loan application and executed Ext.A2, letter of arrangement and the defendants undertake to repay the said amount in with an interest at the rate of 7.40% per annum.
Judgment Evidence:
In the result the suit is decreed with costs directing the defendants to pay an amount of Rs.7,46,531.32/- (Rupees Seven lakhs Forty Six thousand Five hundred Thirty One and Thirty Two paise only) with future interest at the rate of 14.40% per annum with monthly rest from 15.02.2023 and Rs.44,987.71/- (Rupees Forty Four thousand Nine hundred Eighty Seven and Seventy One paise only) with future interest at the rate of 11.25% per annum with monthly rests from 15.02.2023.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- State Bank of India
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- M/s.PUBG Mobiles
- Party Age
- 29
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Sreeja Rani.G.
- Party Age
- 29
Plaintiffs Documents
Original loan application dated 25.06.2019, Original letter of arrangement dated 31.07.2019, Original Agreement of loan cum Hypothecation dated 31.07.2019, Original letter of arrangement dated 09.06.2020, Original Supplemental agreement of Loan cum Hypothecation dated 09.06.2020, Original Letter of arrangement dated 22.03.2021, Original Supplemental Agreement of Loan cum Hypothecation dated 22.03.2021, Certified copy of statement of account from 01.08.2019 to 17.02.2021, Certified copy of statement of account from 10.06.2020 to 17.02.2023, Certified copy of statement of account from 22.03.2021 to 17.02.2023.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt.Anithas Jacob
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. Rajesh Kumar.R.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff requested recovery of Rs. 7,46,531.32 with interest.
Evidence:
Therefore the plaintiff is entitled to realize plaint amount with interest from the defendants.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of Rs. 44,987.71 with interest.
Evidence:
Therefore the plaintiff is entitled to realize plaint amount with interest from the defendants.
Documents & Evidence
Document Type:
Original loan application
Submitted By:
Plaintiff
Relevance:
This document was the basis for the loan application by the defendants.
Reference:
Ext.A1
Document Type:
Original Letter of Arrangement
Submitted By:
Plaintiff
Relevance:
This document details the arrangement made for the loan which was sanctioned.
Reference:
Ext.A2
Document Type:
Original Agreement of loan cum Hypothecation
Submitted By:
Plaintiff
Relevance:
This agreement outlines the terms of the loan and the hypothecation of assets for the loan amount.
Reference:
Ext.A3
Document Type:
Original Letter of Arrangement
Submitted By:
Plaintiff
Relevance:
This document pertains to the additional loan arrangement made on 09.06.2020.
Reference:
Ext.A4
Document Type:
Original Supplemental agreement of Loan cum Hypothecation
Submitted By:
Plaintiff
Relevance:
This supplemental agreement modifies the terms of the previous agreements.
Reference:
Ext.A5
Document Type:
Original Letter of Arrangement
Submitted By:
Plaintiff
Relevance:
This document is related to further loan sanctioned for the defendants.
Reference:
Ext.A6
Document Type:
Original Supplemental agreement of Loan cum Hypothecation
Submitted By:
Plaintiff
Relevance:
This supplemental agreement relates to the additional financial arrangements for the loan.
Reference:
Ext.A7
Document Type:
Certified copy of statement of account
Submitted By:
Plaintiff
Relevance:
This document provides a summary of the transactions for the specified period.
Reference:
Ext.A8
Document Type:
Certified copy of statement of account
Submitted By:
Plaintiff
Relevance:
This document gives details of account statements from another period relevant to the case.
Reference:
Ext.A9
Document Type:
Certified copy of statement of account
Submitted By:
Plaintiff
Relevance:
This document contains financial records for assessing the claim in the suit.
Reference:
Ext.A10
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Recovery of money
Case Code
O.S.NO.
Case Code Year
2023