Case Summary
The plaintiff, Canara Bank, provided a loan to the defendants, who failed to repay the amount as agreed. The suit was filed to recover the outstanding loan amount along with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay to the plaintiff the sum of Rs.9,99,884/- along with interest at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
The court ruled in favor of the plaintiff, directing the defendants to pay the outstanding loan amount along with interest.
Why Plaintiff Won:
The plaintiff established its case based on the evidence and documents presented.
The plaintiff established its case based on the evidence and documents presented.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
On perusal of plaint averments, affidavit of evidence and the documents produced, this court is satisfied that the plaintiff has established its case.
Judgment Evidence:
It is ordered that the defendants shall pay to the plaintiff the sum of Rs.9,99,884/- along with interest at the rate of 6% per annum from the date of institution of the suit till the date of realization of the sum.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Defendant
- Party Name
- Aiswarya Karshaka Sangam
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Rajesh V V
- Party Age
- 46
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Biju M R
- Party Age
- 53
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- C S Reji
- Party Age
- 50
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Krishnamol
- Party Age
- 27
- Relation
- D/o
Plaintiffs Documents
Inter SC Agreement, Articles of Agreement, Sanction Memorandum with CR No. 273, Undertaking executed by the defendants, Link letter, Letter, Acknowledgment of Debt and Security, Account statement of loan Account No. 4004812000037, Office copy of lawyers notice, Postal receipts (6 Nos)
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Jayakrishnan R
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover an amount of Rs.9,99,884 along with interest.
Evidence:
It is ordered that the defendants shall pay to the plaintiff the sum of Rs.9,99,884/- along with interest at the rate of 6% per annum from the date of institution of the suit till the date of realization of the sum.
Documents & Evidence
Document Type:
Inter SC Agreement
Submitted By:
Plaintiff
Relevance:
This document is part of the loan agreement for financial assistance.
Reference:
Ext.A1
Document Type:
Articles of agreement
Submitted By:
Plaintiff
Relevance:
This document outlines the terms of the loan sanctioned to the defendants.
Reference:
Ext.A2
Document Type:
Sanction Memorandum with CR No. 273
Submitted By:
Plaintiff
Relevance:
It details the approval of the loan amount to the defendants.
Reference:
Ext.A3
Document Type:
Undertaking executed by the defendants
Submitted By:
Plaintiff
Relevance:
This document shows the defendants' commitment towards repayment.
Reference:
Ext.A4
Document Type:
Link letter
Submitted By:
Plaintiff
Relevance:
This letter connects the prior loan with the current application.
Reference:
Ext.A5
Document Type:
Letter
Submitted By:
Plaintiff
Relevance:
This letter pertains to an arrangement for repayment.
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
This document indicates the acknowledgment of the debt by the defendants.
Reference:
Ext.A7
Document Type:
Account statement of loan Account No. 4004812000037
Submitted By:
Plaintiff
Relevance:
This account statement shows the outstanding amount and interest details.
Reference:
Ext.A8
Document Type:
Office copy of Lawyers notice
Submitted By:
Plaintiff
Relevance:
This notice pertains to the legal action taken for debt recovery.
Reference:
Ext.A9
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
These receipts serve as evidence of communication with the defendants.
Reference:
Ext.A10
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court, Kottayam
Common Reasons
Recovery of money
Case Code
Case between Canara Bank vs Aiswarya Karshaka Sangam et al regarding recovery of money.
Case Code Year
Case between Canara Bank vs Aiswarya Karshaka Sangam et al regarding recovery of money.