Case Summary
Plaintiff, Canara Bank, filed a suit against the defendants seeking recovery of a loan amount due for higher education. The defendants, a husband and wife, failed to repay the loan despite several demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of loan amount with interest and costs
Case Type
Civil Suit - Loan Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff's evidence remained unchallenged, and the defendants failed to set up any defense.
The plaintiff's evidence remained unchallenged, and the defendants failed to set up any defense.
Judgment Evidence:
The defendants are directed to pay an amount of Rs. 2,60,747/- (Rupees Two lakhs sixty thousand seven hundred and forty-seven only) with interest at the rate of 11.5% per annum on Rs. 2,59,990/- (Rupees Two lakhs fifty-nine thousand nine hundred and ninety only) from the date of suit till the date of realization and costs of the suit.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Manager, Kottakkal Branch
Defendants
C. Prakashan.C (56 years)
K.U.H.H.Villa; Chenakkal, Post Randathani, Kalpakanchery amsom, Tirur Taluk
Radha.A (50 years)
K.U.H.H.Villa; Chenakkal, Post Randathani, Kalpakanchery amsom, Tirur Taluk
Reliefs
Relief Type:
Recovery of loan amount with interest and costs
Outcome:
Granted
Description:
The court decreed the defendants to pay an amount to the plaintiff Bank with interest and costs of the suit.
Evidence:
The defendants are directed to pay an amount of Rs. 2,60,747/- (Rupees Two lakhs sixty thousand seven hundred and forty-seven only) with interest at the rate of 11.5% per annum on Rs. 2,59,990/- (Rupees Two lakhs fifty-nine thousand nine hundred and ninety only) from the date of suit till the date of realization and costs of the suit.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A1
Document Type:
Loan Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A2
Document Type:
Education Loan Agreement
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A3
Document Type:
Undertaking Letter
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A4
Document Type:
Agreement
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A5
Document Type:
Letter
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A6
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A7
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A8
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A9
Document Type:
True Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Part of the plaintiff's evidence.
Reference:
A10