Case Summary
Canara Bank filed a suit against Abdul Latheef and Fathima Shamna seeking recovery of a loan amount due to default in repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Decree for repayment of loan amount with interest and costs
Case Type
Civil Suit - Loan Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff bank proved its case through cogent and reliable evidence.
The plaintiff bank proved its case through cogent and reliable evidence.
Judgment Evidence:
The suit is decreed as follows: To pay the plaintiff bank an amount of Rs. 7,35,098 with future interest at 9.9% per annum compounded at monthly rests on the principal sum of Rs. 7,29,391 and a penal interest of 2% per annum on Rs. 7,29,391 from the date of suit till the date of realization and cost of the suit.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
B.P.Angadi Branch, 112, J.C. Road, Bangalore-560002
Defendants
Abdul Latheef (40 years)
KakkidiPuthiyath Parambil House, Post Muttannur, Purathoor amsom, Tirur Taluk
Fathima Shamna (37 years)
KakkidiPuthiyath Parambil House, Post Muttannur, Purathoor amsom, Tirur Taluk
Reliefs
Relief Type:
Loan Recovery
Outcome:
Granted
Description:
Decree for repayment of loan amount with interest and costs
Evidence:
The suit is decreed as follows: To pay the plaintiff bank an amount of Rs. 7,35,098 with future interest at 9.9% per annum compounded at monthly rests on the principal sum of Rs. 7,29,391 and a penal interest of 2% per annum on Rs. 7,29,391 from the date of suit till the date of realization and cost of the suit.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document related to the loan application by the defendant.
Reference:
Ext.A1
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Document detailing the terms and conditions of the loan sanctioned.
Reference:
Ext.A2
Document Type:
Car Mobile Agreement
Submitted By:
Plaintiff
Relevance:
Document related to the hypothecation of the purchased vehicle.
Reference:
Ext.A3
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Document related to the guarantee provided for the loan.
Reference:
Ext.A4
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Document showing the lawyer notice sent to the defendants.
Reference:
Ext.A5
Document Type:
Certified copy of account
Submitted By:
Plaintiff
Relevance:
Document representing the statement of account with entries certified under Bankers Book Evidence Act.
Reference:
Ext.A6