Case Summary
Canara Bank, Kuttiady Branch is the plaintiff seeking to recover a loan amount of ₹5,79,682 from the defendant, Muneer. K. V, who defaulted on the repayment. The defendant was absent during the proceedings and the case was decided exparte.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize an amount of ₹5,79,682 with future interest at the rate of 11.50 % per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing the recovery of the loan amount along with interest.
Why Plaintiff Won:
The claim of the plaintiff to realize the amount from the defendants stands unchallenged and undisputed.
The claim of the plaintiff to realize the amount from the defendants stands unchallenged and undisputed.
Losing Side's Weaknesses:
The claim of the plaintiff to realize the amount from the defendants stands unchallenged and undisputed.
The claim of the plaintiff to realize the amount from the defendants stands unchallenged and undisputed.
Supporting Evidence
The claim of the plaintiff to realize the amount from the defendants stands unchallenged and undisputed.
Judgment Evidence:
In the result, the suit is decreed with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- CANARA BANK, KUTTIADY BRANCH
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- MUNEER. K. V
- Party Age
- 45
- Relation
- S/o
Plaintiffs Documents
Cash Credit Agreement, Pronote, Letter of undertaking, Acknowledgment of debt and security, Statement of Account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. P. Sasidharan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. Vishnu Narayanan
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. V. Lathesh
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of ₹5,79,682 with future interest at the rate of 11.50 % per annum.
Evidence:
Hence, the suit is decreed with costs as follows: The plaintiff is entitled to realize an amount of ₹5,79,682 with future interest @ 11.50 % per annum from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Cash Credit Agreement
Submitted By:
Plaintiff
Relevance:
Executed by Muneer K. V in favour of Canara Bank, Kuttiady Branch.
Reference:
Ext.A1
Document Type:
Pronote
Submitted By:
Plaintiff
Relevance:
Executed by defendant in favour of Plaintiff Bank.
Reference:
Ext.A2
Document Type:
Request for Overdraft Facilities
Submitted By:
Plaintiff
Relevance:
Submitted by defendant to Canara Bank, Kuttiady Branch.
Reference:
Ext.A3
Document Type:
Letter of undertaking
Submitted By:
Plaintiff
Relevance:
Regarding Loans/Advances from the defendant to Plaintiff Bank.
Reference:
Ext.A4
Document Type:
Letter of renewal
Submitted By:
Plaintiff
Relevance:
From defendant to Plaintiff Bank.
Reference:
Ext.A5
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Executed by defendant in favour of Plaintiff Bank.
Reference:
Ext.A6
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Of the defendant of Canara Bank, Kuttiady Branch.
Reference:
Ext.A7
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Non-payment of rent
Case Code
Case between CANARA BANK, KUTTIADY BRANCH vs MUNEER. K. V regarding recovery of loan amount.
Case Code Year
Case between CANARA BANK, KUTTIADY BRANCH vs MUNEER. K. V regarding recovery of loan amount.