Case Summary
Plaintiff Canara Bank filed suit to recover money from defendants Apple Digital Hub et al. Defendants took loan from Syndicate Bank, which later merged with Canara Bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Recovery Suit
Final Judgment
No
Why Plaintiff Won:
Judgment Evidence:
The suit is decreed. The defendant do pay ₹7,83,349/- together with the interest @ 12% per annum from the date of the suit till realization to the plaintiff. The plaintiff is also entitled to get costs of the suit.
Parties Involved
Plaintiffs
Canara Bank, Kolenchery Branch (32 years)
Living Tower, Ground Floor, Aikkaranadu North Village, Kolenchery
Rohit.R (32 years)
Puthenveedu House, Chirakkadavu East P.O, Kanjirappally
Defendants
Apple Digital Hub (36 years)
M.C.P.Building, College Junction, Kolenchery
Eldhose John (Age not specified years)
Valiakathottu House, Thammanimattom, Ramamangalam P.O
Sabu Paul (46 years)
Kuthinappurathu House, Ramamangalam Kara, Ramamangalam Village
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Decree for the payment of ₹7,83,349/- with interest to the plaintiff
Evidence:
Plaintiff provided oral and documentary evidence to establish right to recover
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original of the loan application submitted by defendants 1 and 2
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Original sanction letter dated 23.08.2017
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Original demand promissory note executed by defendants
Reference:
Ext.A3
Document Type:
Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
Original hypothecation agreement submitted by defendants 1 and 2
Reference:
Ext.A4
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Original guarantee agreement
Reference:
Ext.A5
Document Type:
Cash credit
Submitted By:
Plaintiff
Relevance:
Original cash credit dated 24.08.2017
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Original acknowledgment of debt and security dated 24.11.2021
Reference:
Ext.A7
Document Type:
Renewal letters
Submitted By:
Plaintiff
Relevance:
Original renewal letters dated 19.12.2018 and 20.12.2018
Reference:
Ext.A8
Document Type:
Bank account statement and certificate
Submitted By:
Plaintiff
Relevance:
Original bank account statement and certificate dated 01.02.2024
Reference:
Ext.A9
Document Type:
Request for Overdraft Facilities
Submitted By:
Plaintiff
Relevance:
Request for overdraft facilities dated 19.12.2018
Reference:
Ext.A10
Document Type:
Authorization letter
Submitted By:
Plaintiff
Relevance:
Authorization letter dated 02.07.2024
Reference:
Ext.A11