Case Summary
Canara Bank filed a suit against Sudheesh T. K for the recovery of a loan amount. The defendant defaulted on the loan repayment, leading to this suit for recovery.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
₹2,65,926/- with future interest @ 12.5% per annum from the date of suit till the date of realization
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff for the amount of ₹2,65,926/- with interest. The defendant was absent and did not challenge the suit.
Why Plaintiff Won:
The claim of the plaintiff to realize the amount was unchallenged and undisputed.
The claim of the plaintiff to realize the amount was unchallenged and undisputed.
Losing Side's Weaknesses:
The claim of the plaintiff to realize the amount was unchallenged and undisputed.
The claim of the plaintiff to realize the amount was unchallenged and undisputed.
Supporting Evidence
On a perusal of plaint, proof affidavit and documents 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
- SUDHEESH. T. K
- Party Age
- 44
- Relation
- S/o
Plaintiffs Documents
Loan application, Deed of Hypothecation, 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
- Main 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 ₹2,65,926 with future interest
Evidence:
the plaintiff is entitled to realize an amount of . ₹ 2,65,926/-(Rupees Two Lakhs Sixty Five Thousand Nine Hundred and Twenty Six only) with future interest @ 12.5% per annum from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Loan application submitted by defendant before Canara Bank, Kuttyadi Branch.
Reference:
Ext.A1
Document Type:
Deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Deed of Hypothecation regarding vehicles executed by defendant in favour of plaintiff Bank.
Reference:
Ext.A2
Document Type:
Letter of undertaking
Submitted By:
Plaintiff
Relevance:
Letter of undertaking re: Loans/Advances from Defendant to Canara Bank, Kuttiady Branch.
Reference:
Ext.A3
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Acknowledgment of Debt and Security executed by Defendant in favour of Canara Bank, Kuttiady Branch.
Reference:
Ext.A4
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of Account of Sudheesh. T. K (A/c No. 170001009863) of Canara Bank, Kuttiady Branch.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Recovery of money
Case Code
Case between CANARA BANK, KUTTIADY BRANCH vs SUDHEESH. T. K regarding realization of money
Case Code Year
Case between CANARA BANK, KUTTIADY BRANCH vs SUDHEESH. T. K regarding realization of money