Case Summary
Canara Bank filed a suit against M/s A.M. Creations for non-repayment of a loan amounting to Rs.20,34,188. The defendants defaulted in repaying the loan taken for starting a garment unit.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants directed to pay Rs.20,34,188 with interest and costs
Case Type
Commercial Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, directing the defendants to pay Rs.20,34,188 along with interest and costs.
Why Plaintiff Won:
Defendant 2 admitted the plaint claim, leading to a decree for the plaintiff.
Defendant 2 admitted the plaint claim, leading to a decree for the plaintiff.
Losing Side's Weaknesses:
Defendant 2 admitted the plaint claim, leading to a decree for the plaintiff.
Defendant 2 admitted the plaint claim, leading to a decree for the plaintiff.
Supporting Evidence
In the light of admission of plaint claim by the 2nd defendant, the suit can be decreed.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: 1)The defendants are directed to pay to the plaintiff, an amount of Rs.20,34,188/-...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Defendant
- Party Name
- M/s A.M. Creations
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Asha. K.V.
- Party Age
- 39
- Relation
- W/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt. K. L. Sreedevi
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. C. S. Jatheesh Babu
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay to the plaintiff an amount of Rs.20,34,188/- with interest.
Evidence:
In the result, the suit is decreed with costs as follows: 1) The defendants are directed to pay to the plaintiff, an amount of Rs.20,34,188/- (Rupees twenty lakhs thirty four thousand one hundred and eighty eight only) with interest.
Documents & Evidence
Case Classification
Case Type
Commercial Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Commercial Court, Koyilandy
Common Reasons
Non-payment of rent
Case Code
Case between Canara Bank vs M/s A.M. Creations regarding realization of money
Case Code Year
Case between Canara Bank vs M/s A.M. Creations regarding realization of money