Case Summary
Bank of Baroda filed a suit against Ranju V.M. for recovery of a loan amount due. The defendant had taken a loan from the bank and defaulted on repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realization of Rs. 76,541.80 from the defendant with interest
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved the loan agreement and default of payment by the defendant.
The plaintiff proved the loan agreement and default of payment by the defendant.
Judgment Evidence:
In the result, the suit is decreed with costs of the plaintiff as follows. The plaintiff is entitled to realize Rs. 76,541.80 from the defendant with 9% interest per annum from the date of suit till the date of decree and thereafter, 6% interest per annum till the date of realization.
Parties Involved
Plaintiffs
Bank of Baroda (Age not specified years)
Puthiyakavu Branch, Puthiyakavu, Tripunithura, Ernakulam682301
Defendants
Ranju V.M. (36 years)
Ambika Nivas, MLA Road, Udayamperoor, Ernakulam682 307
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover Rs. 76,541.80 from the defendant.
Evidence:
In the result, the suit is decreed with costs of the plaintiff as follows. The plaintiff is entitled to realize Rs. 76,541.80 from the defendant with 9% interest per annum from the date of suit till the date of decree and thereafter, 6% interest per annum till the date of realization from the defendant and his assets both movable and immovable.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The document evidences the defendant's request for a loan.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
The document shows that the loan was sanctioned in favour of the defendant.
Reference:
Ext.A2
Document Type:
Loan agreement cum Hypothecation Deed
Submitted By:
Plaintiff
Relevance:
The document evidences the execution of the loan agreement by the defendant.
Reference:
Ext.A3
Document Type:
Letter of acknowledgment of debt
Submitted By:
Plaintiff
Relevance:
The document shows that the defendant acknowledged the debt in favour of the plaintiff.
Reference:
Ext.A4
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
The document evidences the notice sent to the defendant demanding payment.
Reference:
Ext.A5
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
The document shows the receipts of the lawyer notice.
Reference:
Ext.A6
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
The document demonstrates the outstanding amount payable by the defendant.
Reference:
Ext.A7