Case Summary
Canara Bank filed a suit against Mahesh kumar.P.P. for realization of money due to non-repayment of an agricultural loan of Rs. 1,00,000. The defendant defaulted on the loan repayment despite multiple demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant is hereby directed to pay the plaintiff bank an amount of Rs. 1,50,255/- with future interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff bank proved the case with cogent and reliable evidence.
The plaintiff bank proved the case with cogent and reliable evidence.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is hereby directed to pay the plaintiff bank an amount of Rs. 1,50,255 /- with future interest at 10.6% per annum on Rs.1,47,868/- from the date of suit till the date of realization.
Parties Involved
Plaintiffs
Canara Bank, By its Manager (Age not specified years)
Kuttippuram Branch
Defendants
Mahesh kumar.P.P. (48 years years)
Pachattiri Parambil House, Thozhuvanoor amsom, Karthala Post, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff bank is granted the recovery of Rs. 1,50,255/- along with future interest.
Evidence:
The defendant is hereby directed to pay the plaintiff bank an amount of Rs. 1,50,255 /- with future interest at 10.6% per annum on Rs.1,47,868/- from the date of suit till the date of realization.
Relief Type:
Cost
Outcome:
Granted
Description:
The defendant shall pay the costs of the suit to the plaintiff.
Evidence:
The defendant shall pay the costs of the suit to the plaintiff.
Documents & Evidence
Document Type:
Agricultural Loan application
Submitted By:
Plaintiff
Relevance:
This document was the application for the agricultural loan submitted by the defendant.
Reference:
Ext.A1
Document Type:
Agreement of Hypothecation
Submitted By:
Plaintiff
Relevance:
This document outlines the terms of the hypothecation for the loan of Rs. 1,00,000/-.
Reference:
Ext.A2
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
This document serves as proof that the defendant acknowledged the debt on 03.09.2016.
Reference:
Ext.A3
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This is the notice sent to the defendant regarding the payment due.
Reference:
Ext.A4
Document Type:
Unclaimed Cover
Submitted By:
Plaintiff
Relevance:
The returned cover signifies that the defendant did not accept the lawyer notice.
Reference:
Ext.A4(a)
Document Type:
Copy of Ledger Extract
Submitted By:
Plaintiff
Relevance:
This document provides a certified copy of the accounts related to the defendant's transactions with the bank.
Reference:
Ext.A5