Case Summary
Canara Bank filed a suit against Mohammed Rasheed seeking to realise an outstanding loan amount along with accrued interest and penal charges due to default in repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Payment of Rs. 2,07,890 with interest and costs
Case Type
Civil Suit - Money Realisation
Final Judgment
No
The court decreed in favor of the plaintiff, directing the defendant to pay the outstanding amount along with interest and costs.
Why Plaintiff Won:
The plaintiff proved its case through affidavit and documents, and the defendant remained ex parte.
The plaintiff proved its case through affidavit and documents, and the defendant remained ex parte.
Losing Side's Weaknesses:
The plaintiff proved its case through affidavit and documents, and the defendant remained ex parte.
The plaintiff proved its case through affidavit and documents, and the defendant remained ex parte.
Supporting Evidence
The plaintiff has proved its case by way of affidavit and documents produced in this case.
Judgment Evidence:
Defendant is directed to pay an amount of Rs. 2,07,890/- (Rupees Two Lakhs Seven Thousand eight Hundred and ninety only) with interest on Rs.2,05,580/- (Rupees Two Lakhs Five Thousand Five Hundred and eighty only) at the rate of 10.15% per annum from the date of suit till realisation to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Mohammed Rasheed
- Party Age
- 29
- Relation
- S/o. Alikutty
Plaintiffs Documents
Loan Application (Ext.A1), Sanction Memorandum (Ext.A2), Letter of undertaking (Ext.A3), Deed of Hypothication (Ext.A4), Certified account details (Ext.A5)
Defendants Documents
Advocates
Reliefs
Relief Type:
Payment
Outcome:
Granted
Description:
Payment of Rs. 2,07,890 with interest and costs
Evidence:
Defendant is directed to pay an amount of Rs. 2,07,890/- (Rupees Two Lakhs Seven Thousand eight Hundred and ninety only) with interest on Rs.2,05,580/- (Rupees Two Lakhs Five Thousand Five Hundred and eighty only) at the rate of 10.15% per annum from the date of suit till realisation to the plaintiff.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Submitted as part of the loan application process.
Reference:
Ext.A1
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Document detailing the loan sanction to the defendant.
Reference:
Ext.A2
Document Type:
Letter of undertaking
Submitted By:
Plaintiff
Relevance:
Defendant's commitment to the terms of the loan.
Reference:
Ext.A3
Document Type:
Deed of Hypothication
Submitted By:
Plaintiff
Relevance:
Document outlining the collateral associated with the loan.
Reference:
Ext.A4
Document Type:
Certified account details
Submitted By:
Plaintiff
Relevance:
Provided to establish the outstanding amount due.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit - Money Realisation
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Default in loan repayment
Case Code
Case between Canara Bank vs Mohammed Rasheed regarding money realisation
Case Code Year
Case between Canara Bank vs Mohammed Rasheed regarding money realisation