Case Summary
The plaintiff, Canara Bank, is seeking to recover an outstanding loan amount from the defendants, who defaulted on repayments. The defendants had taken an educational loan for an MBA course but failed to repay the amount due.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants directed to pay an amount of Rs. 7,66,914.64 with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established a clear case based on uncontested evidence.
The plaintiff established a clear case based on uncontested evidence.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendants are directed to pay to the plaintiff, an amount of 7,66,914.64/- with interest at the rate of 6% per annum from the date of institution of the suit, till its realisation.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Maradu Branch, Kuriyapilly Towers, Near P. S. Hospital, Maradu, Ernakulam District – 682 304
Defendants
Aparna Sai (28 years)
Allattu Sai Jyothi, Muppathadam, Aluva, Ernakulam – 683 110
Asha Prabhath @ Asha Chandran (51 years)
Kakkanam Veedu, Palarivatom, Ernakulam – 682 025
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay an amount of 7,66,914.64/- to the plaintiff.
Evidence:
The defendants are directed to pay to the plaintiff, an amount of 7,66,914.64/-...
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to costs of the suit from the defendants.
Evidence:
Considering the nature of the suit and circumstances surrounding the suit, plaintiff is entitled to costs of the suit from the defendants.
Documents & Evidence
Document Type:
Power of Attorney
Submitted By:
Plaintiff
Relevance:
True copy of Power of Attorney marked subject to proof.
Reference:
Ext.A1
Document Type:
Application for Educational Loan
Submitted By:
Plaintiff
Relevance:
Application for Educational Loan submitted by the defendants.
Reference:
Ext.A2
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Agreement executed by the defendants for the educational loan.
Reference:
Ext.A3
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Document acknowledging the debt by the defendants.
Reference:
Ext.A4
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
True copy of Legal Notice sent to the defendants.
Reference:
Ext.A5
Document Type:
Returned Postal envelope
Submitted By:
Plaintiff
Relevance:
Returned Postal Envelope relevant to the case.
Reference:
Ext.A6
Document Type:
Returned Postal envelope
Submitted By:
Plaintiff
Relevance:
Returned Postal Envelope relevant to the case.
Reference:
Ext.A7
Document Type:
Computer print of Statement of account
Submitted By:
Plaintiff
Relevance:
Statement of Account showing the amount due.
Reference:
Ext.A8
Document Type:
Authorization letter
Submitted By:
Plaintiff
Relevance:
Authorization Letter related to the case.
Reference:
Ext.A9
Document Type:
Oral Evidence
Submitted By:
Unknown
Relevance:
The evidence of the plaintiff was taken in the absence of written statement of the defendants.
Reference: