Case Summary
This case involves Kerala Gramin Bank suing Balan for defaulting on a loan meant for Agriculture purpose. The bank seeks to recover an amount with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Money Recovery Suit
Final Judgment
No
Why Plaintiff Won:
Judgment Evidence:
Parties Involved
Plaintiffs
Kerala Gramin Bank (Age not specified years)
Defendants
Balan (50 Years years)
Karipayi Padikkal House, Edakkanad, PO. Muttanur, Purathur amsom, Triur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant directed to pay ₹ 17,752/- with interest @ 13% per annum
Evidence:
Defendant is directed to pay an amount of ₹ 17,752/- (Rupees Seventeen Thousand Seven Hundred and Fifty Two only) with interest @ 13% per annum from the date of suit till its realization, to the plaintiff.
Relief Type:
Costs
Outcome:
Granted
Description:
Defendant directed to pay costs of the suit to the plaintiff.
Evidence:
Defendant is directed to pay costs of the suit to the plaintiff.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Loan application submitted by the defendant to the plaintiff bank
Reference:
Ext.A1
Document Type:
Memorandum of agreement for agricultural loans
Submitted By:
Plaintiff
Relevance:
Agreement executed by the defendant with respect to the loan
Reference:
Ext.A2
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
Acknowledgment document dated 16-12-2013
Reference:
Ext.A3
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
Acknowledgment document dated 25-11-2016
Reference:
Ext.A4
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Details of the loan transaction as shown in the statement of accounts
Reference:
Ext.A5