Case Summary
Canara Bank filed a suit against Anoop P.R for the recovery of an outstanding loan amount. The defendant took a loan for starting a taxi business but failed to repay it.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant is directed to pay to the plaintiff, an amount of 8,44,294/- with interest at the rate of 6% per annum from the date of institution of the suit.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved their case through uncontested evidence.
The plaintiff proved their case through uncontested evidence.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is directed to pay to the plaintiff, an amount of 8,44,294/- (Rupees eight lakhs forty four thousand two hundred and ninety four only) with interest at the rate of 6% per annum from the date of institution of the suit, till its realisation from the defendant or his assets.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Arakunnam branch, Arakunnam P.O, Ernakulam District
Defendants
Anoop P.R (33 years)
Palakkattikuzhiyil House, Edakkattuvayal P.O, Ernakulam District
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The court ordered the defendant to pay the outstanding loan amount to the plaintiff.
Evidence:
Hence, the plaintiff is entitled to a decree in its favour.
Relief Type:
Costs
Outcome:
Granted
Description:
The court decided that the plaintiff is entitled to the costs of the suit from the defendant.
Evidence:
the plaintiff is entitled to the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Application for Loan
Submitted By:
Plaintiff
Relevance:
This document is related to the loan application made by the defendant.
Reference:
Ext.A1
Document Type:
Loan Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
This document evidences the loan amount sanctioned to the defendant.
Reference:
Ext.A2
Document Type:
Agreement cum Deed of Hypothication
Submitted By:
Plaintiff
Relevance:
This document outlines the terms of the loan and the hypothecation.
Reference:
Ext.A3
Document Type:
Deed of Hypothication
Submitted By:
Plaintiff
Relevance:
This is a formal deed documenting the hypothecation for the loan.
Reference:
Ext.A4
Document Type:
Letter of undertakings
Submitted By:
Plaintiff
Relevance:
This document contains the undertakings provided by the defendant.
Reference:
Ext.A5
Document Type:
Declaration
Submitted By:
Plaintiff
Relevance:
This declaration is part of the loan documentation.
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
This document acknowledges the debt owed by the defendant.
Reference:
Ext.A7
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
This is a further acknowledgment of the debt by the defendant.
Reference:
Ext.A8
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
This legal notice was sent to the defendant regarding the loan default.
Reference:
Ext.A9
Document Type:
Computer print of Statement of account
Submitted By:
Plaintiff
Relevance:
This document outlines the account statements related to the loan.
Reference:
Ext.A10