Case Summary
Kerala Gramin Bank filed a suit against defendants for the recovery of a loan amount due to default on terms of repayment and obtained a decree in their favor.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Money Recovery with Interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
The defendants withdrew their contentions and admitted the suit claim, allowing the plaintiff to obtain a decree.
The defendants withdrew their contentions and admitted the suit claim, allowing the plaintiff to obtain a decree.
Judgment Evidence:
In the result, the suit is decreed as follows: Plaintiff is allowed to realise total amount of Rs. 1,08,549/- (Rupees One Lakh Eight Thousand Five Hundred and Forty Nine only), including Rs.1,00,000/- (Rupees One Lakh only) paid by the first defendant on 8.2.2014, with interest at the rate of 14.5% per annum on Rs.1,06,104/- (Rupees One Lakh Six Thousand One Hundred and Four only) from the date of suit till realisation from the defendants and their assets.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Defendants
Vasudevan O.K (64 years years)
Anjanam, Pullural, P.O. Thekkankuttoor, Thekkankuttoor Amsom, Tirur Taluk
Rajesh Kumar (37 Years years)
Patteth House, Muthur, P.O. Tirur, Tirur Amsom, Tirur Taluk
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Kerala Gramin Bank is allowed to recover the total amount of Rs. 1,08,549/- including the payment made by the first defendant with interest.
Evidence:
In the result, the suit is decreed as follows: Plaintiff is allowed to realise total amount of Rs. 1,08,549/- (Rupees One Lakh Eight Thousand Five Hundred and Forty Nine only), including Rs.1,00,000/- (Rupees One Lakh only) paid by the first defendant on 8.2.2014, with interest at the rate of 14.5% per annum on Rs.1,06,104/- (Rupees One Lakh Six Thousand One Hundred and Four only) from the date of suit till realisation from the defendants and their assets.
Relief Type:
Costs Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to recover the costs of the suit from the defendants at a confessional scale.
Evidence:
Plaintiff is entitled to realise costs of the suit from the defendants at confessional scale.