Case Summary
Canara Bank has filed a suit against K.P.Sajeev kumar, K.P.Subrahmanian, and Narayanan.C.K. for the realization of a loan amount due for education. The defendants are in default of payment and the bank claims they are jointly liable for the outstanding amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is allowed to realize an amount of Rs.8,92,054/- with interest @ 6% per annum from the date of suit till its realization.
Case Type
Civil Suit
Final Judgment
No
The court found in favor of the plaintiff, granting the realization of the claimed amount from the defendants. The plaintiff is entitled to recover the amount of Rs.8,92,054/- along with interest.
Why Plaintiff Won:
The court determined the defendants were jointly and severally liable for the loan amount and no valid defense was presented.
The court determined the defendants were jointly and severally liable for the loan amount and no valid defense was presented.
Losing Side's Weaknesses:
The court determined the defendants were jointly and severally liable for the loan amount and no valid defense was presented.
The court determined the defendants were jointly and severally liable for the loan amount and no valid defense was presented.
Supporting Evidence
Therefore, I hold a view that Exbt. A8 document is not vitiated on grounds of either misrepresentation or fraud or coercion or undue influence. Nothing is on record to show that any of the documents in this case has been executed by the defendants without their will and consent.
Judgment Evidence:
In the result, the suit is decreed with cost as follows: Plaintiff is allowed to realize an amount of Rs.8,92,054/- with interest @ 6% per annum from the date of suit till its realization, from the defendants and their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Defendant
- Party Name
- K.P.Sajeev kumar
- Party Age
- 26
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- K.P.Subrahmanian
- Party Age
- 62
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Narayanan.C.K.
- Party Age
- 73
- Relation
- S/o
Plaintiffs Documents
Application for Educational Loan dated 4-8-2008, Sanction Memorandum dated 22-11-2008, Education Loan Agreement dated 22-11-2008, Guarantee agreement dated 22-11-2008.
Defendants Documents
Letter from Academy of Aviation and Engineering, Certificate from Academy of Aviation and Engineering, Character & Conduct Certificate from Academy of Aviation and Engineering.
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. C.M.Venugopalan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Sreekalala.K.
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri.K.P.Sabu
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri.T.R.Vijayan
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of loan amount.
Evidence:
Plaintiff is entitled to realize an amount of Rs.8,92,054/-.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff sought to recover costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Application for Educational Loan
Submitted By:
Plaintiff
Relevance:
The defendants applied for a loan for the purpose of education.
Reference:
Ext.A1
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
The memorandum shows the loan sanctioned to the defendants.
Reference:
Ext.A2
Document Type:
Education Loan Agreement
Submitted By:
Plaintiff
Relevance:
The agreement executed by the defendants concerning the loan.
Reference:
Ext.A3
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
The agreement involving the third defendant as a guarantor.
Reference:
Ext.A4
Document Type:
Request Letters
Submitted By:
Plaintiff
Relevance:
Letters from the first defendant for disbursal of course fees from the loan amount.
Reference:
Ext.A5 to A7
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Acknowledgment executed by defendants of their liability.
Reference:
Ext.A8
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice issued demanding repayment of the loan amount.
Reference:
Ext.A9
Document Type:
Reply Notice
Submitted By:
Plaintiff
Relevance:
The defendants' response to the lawyer notice.
Reference:
Ext.A10
Document Type:
Statement of Loan Account
Submitted By:
Plaintiff
Relevance:
Details regarding the loan account of the defendants.
Reference:
Ext.A11
Document Type:
Calculation Statement
Submitted By:
Plaintiff
Relevance:
Calculation of amounts due under the loan account.
Reference:
Ext.A12
Document Type:
Various Letters and Documents
Submitted By:
Defendant
Relevance:
Documents submitted by defendants in response to the suit.
Reference:
Ext.B1 to B15
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Recovery of money
Case Code
Case between Canara Bank vs K.P.Sajeev kumar et al regarding realization of money
Case Code Year
Case between Canara Bank vs K.P.Sajeev kumar et al regarding realization of money