Case Summary
Canara Bank filed a suit against Mahesh.P. P for the recovery of an agricultural loan amounting to Rs. 60,493/- which was not repaid by the defendant. The defendant defaulted on the loan repayment and did not respond to the bank's demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant is hereby directed to give the plaintiff an amount of Rs. 60,493/- with interest and costs of the suit.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided sufficient evidence of the loan agreement and the defendant's default in repayment.
The plaintiff provided sufficient evidence of the loan agreement and the defendant's default in repayment.
Judgment Evidence:
In the result, the suit is decreed as follows: 1. The defendant is hereby directed to give the plaintiff an amount of Rs. 60,493/- (Rupees Sixty thousand four hundred and ninety three only) with interest at the rate of 11.25% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realization on Rs. 59,451/- (Rupees Fifty nine thousand four hundred and fifty one only). 2. Defendant is hereby directed to give the costs of the suit to the plaintiff.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Defendants
Mahesh.P. P (45 years)
Pachattiri Parambil House, Post Karthala
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is granted the amount of Rs. 60,493/- with interest.
Evidence:
The defenant is hereby directed to give the plaintiff an amount of Rs. 60,493/- (Rupees Sixty thousand four hundred and ninety three only) with interest at the rate of 11.25% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realization on Rs. 59,451/- (Rupees Fifty nine thousand four hundred and fifty one only).
Relief Type:
Cost
Outcome:
Granted
Description:
Defendant is directed to pay costs of the suit to the plaintiff.
Evidence:
Defendant is hereby directed to give the costs of the suit to the plaintiff.
Documents & Evidence
Document Type:
Common Application Form cum Appraisal Report for Agricultural Loan
Submitted By:
Plaintiff
Relevance:
This document shows the defendant's application for the agricultural loan.
Reference:
Ext.A1
Document Type:
Agreement of Hypothecation for Agricultural Loan
Submitted By:
Plaintiff
Relevance:
This document establishes the hypothecation of the land in favor of the plaintiff bank for the loan.
Reference:
Ext.A2
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
These documents were used to show the notice sent to the defendant regarding the loan repayment.
Reference:
Ext.A3 (a, b)
Document Type:
Certified Extract of Ledger Account
Submitted By:
Plaintiff
Relevance:
This document provides the account statement showing the outstanding loan balance due.
Reference:
Ext.A4