Case Summary
The plaintiff, Bank of Baroda, claims that the defendants failed to repay loans amounting to ₹4,41,176.62/- and ₹2,36,075.36/-. The suit was heard in the absence of the defendants who did not appear in court.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff's case was proved through uncontested evidence from the bank manager.
The plaintiff's case was proved through uncontested evidence from the bank manager.
Judgment Evidence:
Hence, a decree is to be passed in favour of the plaintiff. The defendants are directed to pay to the plaintiff, an amount of ₹4,41,176.62/- with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation from the defendants or from assets of defendants.
Parties Involved
Plaintiffs
Bank of Baroda (Age not specified years)
Vazhakkala Branch, Vijaya complex, Ground Floor, Civil line road, Chembumukku, Ernakulam district, PIN - 682 030
Defendants
M/s. Reignonline Internet Private Limited (Age not specified years)
1st Floor, Door No.38/2391 C, KMD Square, AV George Road, Gandhi Nagar, Kumaranasan Road Junction, Kochi, Ernakulum - 682 017
Amala George (39 years)
Sheeja Vilasom Njakkunilam P.O, Vallicode, Pathanamthitta, Kerala, 689 656
Sherin Mathew (39 years)
Sheeja Vilasom, Njakkunilam P.O, Vallicode, Pathanamthitta, Kerala, 689 656
Reliefs
Relief Type:
Recovery
Outcome:
Partly Granted
Description:
The plaintiff sought to recover the loan amounts from the defendants.
Evidence:
I am of the opinion that the plaintiff is entitled to recover the same from the defendants, with interest from the date of suit.
Relief Type:
Recovery
Outcome:
Partly Granted
Description:
The plaintiff requested recovery of an additional loan amount.
Evidence:
The defendants are also directed to pay to the plaintiff, an amount of ₹2,36,075.36/- with interest at the rate of 6% per annum.
Relief Type:
Other
Outcome:
Refused
Description:
The plaintiff requested a decree directing the sale of the plaint schedule property.
Evidence:
the existence of the items mentioned in the plaint schedule are not proved before the court in a proper manner.
Documents & Evidence
Document Type:
Certified True copy of Board Resolution
Submitted By:
Plaintiff
Relevance:
Used to establish the authority of the bank in the proceedings.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document evidencing the loan agreement by the defendants.
Reference:
Ext.A2
Document Type:
Letter of installment with acceleration clause
Submitted By:
Plaintiff
Relevance:
Details the repayment terms agreed upon by the defendants.
Reference:
Ext.A3
Document Type:
General Undertaking
Submitted By:
Plaintiff
Relevance:
A document outlining the general obligations of the defendants.
Reference:
Ext.A4
Document Type:
Declaration -cum-undertakings -cum Authority
Submitted By:
Plaintiff
Relevance:
Establishes the commitment of the defendants towards repayment.
Reference:
Ext.A5
Document Type:
Draft undertaking
Submitted By:
Plaintiff
Relevance:
Related to the obligations of the defendants.
Reference:
Ext.A6
Document Type:
Composite Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
Document related to the hypothecation of assets as security.
Reference:
Ext.A7
Document Type:
Certified True Copy of Resolution
Submitted By:
Plaintiff
Relevance:
Affirms the bank's resolution regarding the loans.
Reference:
Ext.A8
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document evidencing the second loan agreement.
Reference:
Ext.A9
Document Type:
Letter of installment with acceleration clause
Submitted By:
Plaintiff
Relevance:
Details the repayment terms for the second loan.
Reference:
Ext.A10
Document Type:
Declaration -cum -undertakings -cum-Authority
Submitted By:
Plaintiff
Relevance:
Establishes the defendants' commitment for the second loan.
Reference:
Ext.A11
Document Type:
Composite Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
Related to the hypothecation of assets for the second loan.
Reference:
Ext.A12
Document Type:
General form of guarantee
Submitted By:
Plaintiff
Relevance:
Document providing additional security for loan repayments.
Reference:
Ext.A13
Document Type:
Letter of acknowledgment of debt
Submitted By:
Plaintiff
Relevance:
Confirms that the defendants acknowledge the debt owed.
Reference:
Ext.A14
Document Type:
Office copy of legal notice
Submitted By:
Plaintiff
Relevance:
Document evidencing the demand made to the defendants for repayment.
Reference:
Ext.A15
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
Proof of communication with the defendants regarding the matter.
Reference:
Ext.A16
Document Type:
Returned Postal envelope
Submitted By:
Plaintiff
Relevance:
Evidence of failed communication attempts with the defendants.
Reference:
Ext.A17
Document Type:
Computer print out of Statement of account for the period from 17.09.2021 to 10.02.2025
Submitted By:
Plaintiff
Relevance:
Details the financial transactions related to the loans.
Reference:
Ext.A18
Document Type:
Computer print out of Statement of account for the period from 21.06.2022 to 10.02.2025
Submitted By:
Plaintiff
Relevance:
Provides a detailed record of payments and outstanding amounts.
Reference:
Ext.A19