Case Summary
Canara Bank is suing Amal.M.B. and others for the repayment of an education loan. The defendants failed to repay the loan amount despite multiple reminders.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay an amount of Rs. 2,55,855/- jointly and severally to the plaintiff with future interest at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
The court ruled in favor of Canara Bank and decreed that the defendants must repay the outstanding loan amount. The defendants are liable to pay the amount jointly and severally with interest.
Why Plaintiff Won:
Plaintiff's unchallenged evidence proves its case.
Plaintiff's unchallenged evidence proves its case.
Losing Side's Weaknesses:
Plaintiff's unchallenged evidence proves its case.
Plaintiff's unchallenged evidence proves its case.
Supporting Evidence
Plaintiff's unchallenged evidence proves its case and it is entitled to a decree to realise the amount from the defendants.
Judgment Evidence:
In the result, the suit is decreed with costs and defendants shall pay an amount of Rs. 2,55,855/- (Rupees Two lakhs Fifty Five thousand Eight hundred and Fifty Five only) jointly and severally to the plaintiff with future interest at the rate of 6% per annum for the principal amount from the date of suit till date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Defendant
- Party Name
- Amal.M.B.
- Party Age
- 26
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Mani. K.G.
- Party Age
- 58
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Divya T. Venugopal
- Party Age
- 34
- Relation
- W/o
Plaintiffs Documents
Original Loan Application, Original Educational Loan Agreement, Original Guarantee covering letter, Original Guarantee agreement, Copy of statement of account
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Prasanth.K
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought to recover the outstanding loan amount from the defendants.
Evidence:
Thus, the suit is decreed with costs and defendants shall pay an amount of Rs. 2,55,855/- (Rupees Two lakhs Fifty Five thousand Eight hundred and Fifty Five only) jointly and severally to the plaintiff with future interest at the rate of 6% per annum for the principal amount from the date of suit till date of realization.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original loan application dated 21.04.2016 submitted by the defendants.
Reference:
Ext.A1
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Original Educational Loan Agreement dated 20.06.2016 between the plaintiff and the defendants.
Reference:
Ext.A2
Document Type:
Guarantee covering letter
Submitted By:
Plaintiff
Relevance:
Original Guarantee covering letter dated 20.06.2016 signed by the guarantor.
Reference:
Ext.A3
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Original Guarantee agreement dated 20.06.2016 executed by the defendants.
Reference:
Ext.A4
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Copy of statement of account dated 12.07.2023 showing outstanding dues.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Non-payment of Loan
Case Code
Case between Canara Bank vs Amal.M.B. et al regarding realization of money
Case Code Year
Case between Canara Bank vs Amal.M.B. et al regarding realization of money