Case Summary
The case involves Canara Bank as the plaintiff and Indhira Karshaka Sangam along with other defendants regarding the recovery of a loan amount. The defendants failed to repay the sanctioned loan and had sought more time without any repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs.9,97,699/- along with interest at the rate of 6% per annum from the date of institution of the suit till the date of realization.
Case Type
Civil Suit
Final Judgment
No
The court ruled in favor of the plaintiff, ordering the defendants to pay the outstanding loan with interest. The defendants did not provide any evidence or appear in court.
Why Plaintiff Won:
The plaintiff established its case with no evidence from the defendants to rebut the claims.
The plaintiff established its case with no evidence from the defendants to rebut the claims.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
The plaintiff has established its case. There is no evidence rebuttal evidence from the defendants.
Judgment Evidence:
In the result, It is ordered that the defendants shall pay to the plaintiff the sum of Rs.9,97,699/- along with interest at the rate of 6% per annum from the date of institution of the suit till the date of realization of the sum.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Defendant
- Party Name
- Indhira Karshaka Sangam
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Mahesh Thampi
- Party Age
- 40
- Party Role
- Defendant
- Party Name
- Ajay C Soman
- Party Age
- 32
- Party Role
- Defendant
- Party Name
- Kamalasanan K C
- Party Age
- 43
- Party Role
- Defendant
- Party Name
- Gangadharan T M
- Party Age
- 55
Plaintiffs Documents
Inter se Agreement, Article of Agreement, Sanction Memorandum, Link Letter, Letter of undertaking executed by the defendants, Application/Assessment of tenant farmer’s JLG’s, Acknowledgment of Debt and Security, Account Statement of Loan, Office copy of lawyer’s Notice, Postal Receipt.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Jayakrishnan. R
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff was granted recovery of the amount due along with interest.
Evidence:
It is ordered that the defendants shall pay to the plaintiff the sum of Rs.9,97,699/- along with interest at the rate of 6% per annum from the date of institution of the suit till the date of realization of the sum.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to realise the costs from the defendants.
Evidence:
The plaintiff is entitled to realise the costs from the defendants.
Documents & Evidence
Document Type:
Inter se Agreement
Submitted By:
Plaintiff
Relevance:
This document was part of the evidence to establish the terms of the loan agreement.
Reference:
Ext.A1
Document Type:
Article of Agreement
Submitted By:
Plaintiff
Relevance:
This document was used to outline the obligations of the defendants regarding the loan.
Reference:
Ext.A2
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
This document confirmed the loan sanction to the defendants.
Reference:
Ext.A3
Document Type:
Link letter
Submitted By:
Plaintiff
Relevance:
This document provided additional details related to the loan.
Reference:
Ext.A4
Document Type:
Letter of undertaking executed by the defendants
Submitted By:
Plaintiff
Relevance:
This document confirmed the defendants' undertaking related to the loan.
Reference:
Ext.A5
Document Type:
Application/Assessment of tenant farmer’s JLG’s
Submitted By:
Plaintiff
Relevance:
This document assessed the joint liability group’s application for the loan.
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
This document acknowledged the debt by the defendants.
Reference:
Ext.A7
Document Type:
Account Statement of Loan Account
Submitted By:
Plaintiff
Relevance:
This document showed the outstanding amount due on the loan.
Reference:
Ext.A8
Document Type:
Office copy of Lawyer’s Notice
Submitted By:
Plaintiff
Relevance:
This document was a legal notice sent to the defendants for payment.
Reference:
Ext.A9
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
This document verified the sending of the legal notice.
Reference:
Ext.A10
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 Indhira Karshaka Sangam et al regarding recovery of money.
Case Code Year
Case between Canara Bank vs Indhira Karshaka Sangam et al regarding recovery of money.