Case Summary
The case involves Canara Bank filing a suit against Eternal Fashion and Beauty and its proprietor Bindy Antony for recovery of a loan amount due. The defendant failed to repay the loan taken for establishing the beauty parlor, leading to the bank seeking repayment through legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant is directed to pay an amount of Rs.9,34,690/- with 7.75% interest per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unchallenged proof affidavit and documents satisfactorily proved the plaint claim.
The unchallenged proof affidavit and documents satisfactorily proved the plaint claim.
Judgment Evidence:
The suit is decreed directing the defendant to pay an amount of Rs.9,34,690/- (Rupees Nine lakhs Thirty Four Thousand Six hundred and ninety only) with 7.75% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Vaduthala Branch, First Floor, Vakkachan towers, Chittoor road, Vaduthala, Ernakulam – 682 023
Defendants
Eternal Fashion and Beauty (Age not specified years)
Kalathiparambil building, chittoor road, Vaduthala – 682 023
Bindu Antony (35 years)
783(1325 Kuttikadan House, puspaka road, 43 Thrikkanarvattom, Kochi corporation – 682 018
Bindu Antony (35 years)
Kuttikadu house, Kakkathuruthi, Thsrissur, Kerala – 680 122
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff's claim for recovery of an amount due from the defendant.
Evidence:
The suit is decreed directing the defendant to pay an amount of Rs.9,34,690/- (Rupees Nine lakhs Thirty Four Thousand Six hundred and ninety only) with 7.75% interest per annum from the date of suit till the date of decree.
Documents & Evidence
Document Type:
Letter of Authorisation
Submitted By:
Plaintiff
Relevance:
Submitted as proof of authorization for the bank to represent.
Reference:
Ext.A1
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original loan application submitted by the defendant for the loan.
Reference:
Ext.A2
Document Type:
Letter of Sanction
Submitted By:
Plaintiff
Relevance:
Document showing the bank's sanction of the loan.
Reference:
Ext.A3
Document Type:
Composite Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
Agreement which details collateral security for the loan.
Reference:
Ext.A4
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Proves the acknowledgment of the debt by the defendant.
Reference:
Ext.A5
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice issued by the plaintiff demanding repayment of the loan.
Reference:
Ext.A6
Document Type:
Returned cover and acknowledgment debt cards
Submitted By:
Plaintiff
Relevance:
Documents evidencing the service of the lawyer's notice to the defendant.
Reference:
Ext.A7