Case Summary
Canara Bank filed a suit against Pushpa.M.V. for the recovery of a loan amount due. The defendant defaulted on repaying the loan taken for starting a new printing press.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant is hereby directed to pay the plaintiff bank an amount of Rs. 8,71,454/- with future interest at 10.95% per annum.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff bank proved its case by providing reliable evidence, and the defendant failed to contest the suit.
The plaintiff bank proved its case by providing reliable evidence, and the defendant failed to contest the suit.
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. 8,71,454 /- (Rupees eight lakh seventy one thousand four hundred and fifty four only) with future interest at 10.95% per annum with monthly rests from the date of suit till the date of realization.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Defendants
Pushpa.M.V. (41 years)
Muthiravalappil House, Thirunnavaya amsom, Codacal Post, Tirur Taluk.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant is ordered to pay the outstanding loan amount with interest.
Evidence:
The defendant is hereby directed to pay the plaintiff bank an amount of Rs. 8,71,454 /- (Rupees eight lakh seventy one thousand four hundred and fifty four only) with future interest at 10.95% per annum with monthly rests from the date of suit till the date of realization.
Relief Type:
Other
Outcome:
Granted
Description:
The defendant shall pay the costs of the suit to the plaintiff.
Evidence:
The defendants shall pay the costs of the suit to the plaintiff.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document executed by the defendant applying for the loan.
Reference:
Ext.A1
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Document showing the bank's approval of the loan.
Reference:
Ext.A2
Document Type:
Agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Document detailing the hypothecation of items for the loan.
Reference:
Ext.A3
Document Type:
Letter of undertaking re: Loans/Advances
Submitted By:
Plaintiff
Relevance:
Document executed by the defendant agreeing to the loan terms.
Reference:
Ext.A4
Document Type:
Letter in NF 373/3L
Submitted By:
Plaintiff
Relevance:
Document detailing hypothecated items.
Reference:
Ext.A5
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Document evidencing the demand for repayment made to the defendant.
Reference:
Ext.A6
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Document showing that the defendant accepted the lawyer notice.
Reference:
Ext.A6(a)
Document Type:
Copy of Ledger Extract
Submitted By:
Plaintiff
Relevance:
Document showing the outstanding amount due from the defendant.
Reference:
Ext.A7