Case Summary
Canara Bank filed a suit against Anoop K Sasi for the recovery of a loan amounting to Rs. 5,92,046/-. The defendant admitted the liability to repay the borrowed amount but disputed the interest rate.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to recover from the defendant a sum of 5,92,046/- along with interest at 6% per annum from the date of suit till realization.
Case Type
Civil Suit
Final Judgment
No
The suit was decreed in favor of the plaintiff for the recovery of Rs. 5,92,046/- along with interest at 6% per annum.
Why Plaintiff Won:
The plaintiff proved liability through documentary evidence and the defendant's admission.
The plaintiff proved liability through documentary evidence and the defendant's admission.
Losing Side's Weaknesses:
The plaintiff proved liability through documentary evidence and the defendant's admission.
The plaintiff proved liability through documentary evidence and the defendant's admission.
Supporting Evidence
The evidence on record, both documentary and oral, supports the plaintiff’s claim in full. The defendant’s admission further strengthens the case.
Judgment Evidence:
In the result, the suit is decreed with costs. The plaintiff Bank is entitled to recover from the defendant a sum of 5,92,046/-.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Defendant
- Party Name
- Anoop K Sasi
- Party Age
- 40
- Relation
- S/o
Plaintiffs Documents
Agreement cum deed of hypothecation dated 03.11.2020, Certified statement of account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Thomas Mannanal
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- K Sunil Kumar
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff seeks recovery of Rs. 5,92,046/- with interest.
Evidence:
Hence, I hold that the plaintiff has proved that the defendant is liable to pay the sum of 5,92,046/- together with interest at 6% per annum from the date of suit till the date of realization.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff entitled to interest at 6% per annum from the date of suit.
Evidence:
The plaintiff shall further be entitled to interest at 6% per annum from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Executed by the defendant to secure the loan.
Reference:
null
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Document establishing the loan limits and terms sanctioned to the defendant.
Reference:
null
Document Type:
Certified statement of account
Submitted By:
Plaintiff
Relevance:
Document showing the amount due and outstanding from the defendant.
Reference:
null
Document Type:
Oral Evidence
Submitted By:
Unknown
Relevance:
Oral evidence provided by both parties during the hearing.
Reference:
null
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court, Kottayam
Common Reasons
Non-payment of rent
Case Code
Case between Canara Bank vs Anoop K Sasi regarding realization of money.
Case Code Year
Case between Canara Bank vs Anoop K Sasi regarding realization of money.