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
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.
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
Plaintiffs
Canara Bank (Age not specified years)
Manager, Kadampuzha- Branch
Defendants
Mohammed Rasheed (29 years)
Chelembedan House, Post Karekkad, Melmuri amsom, Tirur Taluk
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