Case Summary
Kerala Gramin Bank filed a suit against defendants for the recovery of an educational loan amounting to Rs. 1,19,427 with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realization of loan amount with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved its case by adducing oral evidence and producing relevant documents.
The plaintiff proved its case by adducing oral evidence and producing relevant documents.
Judgment Evidence:
In the result, the suit is decreed as follows:- 1. Plaintiff is allowed to realize an amount of Rs.1,19,427/- (Rupees One Lakh Nineteen Thousand Four Hundred and Twenty Seven only) with interest at the rate of 14.25% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realization on Rs.1,19,004/- (Rupees One Lakh Nineteen Thousand and Four only) from the defendants and their assets. 2. Plaintiff is entitled to realize the costs of the suit from the defendants.
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Manager, Kuttippuram Branch
Defendants
Rajesh K.P (27 years)
Kondassery Parambil House, Post Ayankalam, Thavanur Amsom, Ponnani Taluk
K.P. Balakrishnan (58 years)
Kondassery Parambil House, Post Ayankalam, Thavanur Amsom, Ponnani Taluk
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Realization of loan amount with interest
Evidence:
Plaintiff proved its case by adducing oral evidence and by producing relevant documents.
Documents & Evidence
Document Type:
Application for Vidyabharathi Loans(V.B.S)
Submitted By:
Plaintiff
Relevance:
Loan application submitted by defendants
Reference:
A1
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Agreement for Educational loan executed by defendants
Reference:
A2
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt and security executed by defendants
Reference:
A3
Document Type:
Supplemental educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Supplemental Education Loan Agreement executed by defendants
Reference:
A4
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt and security executed by defendants
Reference:
A5
Document Type:
Registered Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Copy of lawyer notice issued to defendants
Reference:
A6
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of accounts showing the details of the suit transaction
Reference:
A7