Case Summary
Canara Bank filed a suit against Ajantha Swasraya Sangam and its members for the recovery of an outstanding loan amount. The court found in favor of the plaintiff as the defendants failed to repay the loan despite multiple agreements.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs. 6,67,942/- along with interest at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
The court ordered the defendants to pay Canara Bank the sum of Rs. 6,67,942/- along with interest from the date of institution of the suit until realization.
Why Plaintiff Won:
The plaintiff established its case with sufficient evidence.
The plaintiff established its case with sufficient evidence.
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:
In the result, It is ordered that the defendants shall pay to the plaintiff the sum of Rs.6,67,942/- (Rupees Six Lakh Sixty Seven Thousand Nine Hundred and Forty Two Only) 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
- Ajantha Swasraya Sangam
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Baji P Bhanu
- Party Age
- 37
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Sudheena A K
- Party Age
- 57
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Nazar K A
- Party Age
- 46
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- P K Reghu Das
- Party Age
- 65
- Relation
- S/o
Plaintiffs Documents
Inter se Agreement, Article of Agreement, Sanction Memorandum with Commission Report No. 315, Undertaking executed by the defendants, Application/Assessment of tenant farmers JLG’s, Link Letter, Acknowledgment of Debt and Security, Account Statement of Loan Account No. 4004812000043, Office copy of the 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:
Plaintiff entitled to recover outstanding loan amount.
Evidence:
In the result, It is ordered that the defendants shall pay to the plaintiff the sum of Rs.6,67,942/- along with interest at the rate of 6% per annum.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff entitled to recover costs from defendants.
Evidence:
The plaintiff is entitled to realise the costs from the defendants.
Documents & Evidence
Document Type:
Inter se Agreement
Submitted By:
Plaintiff
Relevance:
Executed by the defendants for loan requirements.
Reference:
Ext.A1
Document Type:
Article of Agreement
Submitted By:
Plaintiff
Relevance:
Document outlining terms related to sanctioned loan.
Reference:
Ext.A2
Document Type:
Sanction Memorandum with Commission Report
Submitted By:
Plaintiff
Relevance:
Details about the loan that was sanctioned.
Reference:
Ext.A3
Document Type:
Undertaking executed by the defendants
Submitted By:
Plaintiff
Relevance:
Acknowledgment of loan terms agreed by defendants.
Reference:
Ext.A4
Document Type:
Application/Assessment of tenant farmers JLG’s
Submitted By:
Plaintiff
Relevance:
Application submitted for loan assessment.
Reference:
Ext.A5
Document Type:
Link letter
Submitted By:
Plaintiff
Relevance:
Connecting previous agreements to the current loan.
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Document affirming debt acknowledgment by defendants.
Reference:
Ext.A7
Document Type:
Account Statement of Loan Account
Submitted By:
Plaintiff
Relevance:
Detailed statement regarding outstanding loan amounts.
Reference:
Ext.A8
Document Type:
Office copy of the Lawyers Notice
Submitted By:
Plaintiff
Relevance:
Notice sent to defendants regarding unpaid dues.
Reference:
Ext.A9
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
Proof of communication sent to 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 Ajantha Swasraya Sangam et al regarding recovery of money.
Case Code Year
Case between Canara Bank vs Ajantha Swasraya Sangam et al regarding recovery of money.