Case Summary
The plaintiff, Canara Bank, is suing M/s Leona Bags and its proprietor Beena Raveendran for the recovery of unpaid loans and interest. The defendants defaulted on payments despite multiple requests from the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize a total of Rs.5,67,365.38 plus additional amounts and interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unrebutted oral testimony and evidence supported the plaintiff's claim regarding the unpaid loans.
The unrebutted oral testimony and evidence supported the plaintiff's claim regarding the unpaid loans.
Judgment Evidence:
In the result, suit is decreed as follows; The plaintiff is entitled to realize a sum of Rs.5,67,365.38...
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Ayyappankavu Branch, 46/5 Ground Floor, Ayyappankavu West Road Ernakulam, Kochi, Kerala -682016.
Defendants
M/s Leona Bags (Age not specified years)
45/1770B, Pattamadam, Pottakkuzhi Cross Road Pachalam, Ernakulam 682012.
Beena Raveendran (51 years years)
Pattarmadam, Pottakkuzhi Cross Road, Pachalam, Ernakulam, Cochin 682012.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize various sums from the defendants.
Evidence:
In the result, suit is decreed as follows; The plaintiff is entitled to realize a sum of Rs.5,67,365.38/- (Rupees Five Lakh Sixty Seven Thousand Three Hundred and Sixty Five and Thirty Eight Paise only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an additional sum from the defendants.
Evidence:
The plaintiff is entitled to realize a sum of Rs.59,614.35/- (Rupees Fifty Nine Thousand Six Hundred and Fourteen and Thirty Five Paise only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover another amount.
Evidence:
The plaintiff is entitled to realize a sum of Rs.99,668.08/- (Rupees Ninety Nine Thousand Six Hundred and Sixty Eight and Eight Paise only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff can recover another specified sum.
Evidence:
The plaintiff is entitled to realize a sum of Rs.35,810/- (Rupees Thirty Five Thousand Eight Hundred and Ten only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover a further amount.
Evidence:
The plaintiff is entitled to realize a sum of Rs.30,327/- (Rupees Thirty Thousand Three Hundred and Twenty Seven only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is awarded interest on the amounts.
Evidence:
The plaintiff is entitled to realize interest @ 12% per annum from the date of suit till date of decree and further interest @ 6% per nnum from the date of decree till realization from the defendants and their assets for each amounts mentioned in (1) to (5).
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff can recover the costs of the suit.
Evidence:
The plaintiff is entitled to realize costs of the suit from defendants and from their assets.
Documents & Evidence
Document Type:
Original authorization letter
Submitted By:
Plaintiff
Relevance:
This document supports the bank's claim regarding the loan agreement.
Reference:
Ext.A1
Document Type:
Original loan application
Submitted By:
Plaintiff
Relevance:
This document establishes the basis for the loan extended to the defendants.
Reference:
Ext.A2
Document Type:
Original Sanction memorandum
Submitted By:
Plaintiff
Relevance:
This document shows the terms under which the loan was sanctioned.
Reference:
Ext.A3
Document Type:
Original Pronote
Submitted By:
Plaintiff
Relevance:
This document serves as a promise to pay the amount borrowed.
Reference:
Ext.A4
Document Type:
Original Application for renewal
Submitted By:
Plaintiff
Relevance:
This document indicates the defendants' request to renew the loan.
Reference:
Ext.A5
Document Type:
Original Sanction memorandum
Submitted By:
Plaintiff
Relevance:
This document records the approval of the loan renewal.
Reference:
Ext.A6
Document Type:
Original Letter of renewal
Submitted By:
Plaintiff
Relevance:
This document confirms the renewal of the loan agreement.
Reference:
Ext.A7
Document Type:
Original Request for over draft facility
Submitted By:
Plaintiff
Relevance:
This document shows the defendants' request for an overdraft.
Reference:
Ext.A8
Document Type:
Original Sanction memorandum
Submitted By:
Plaintiff
Relevance:
This document details the sanction of the overdraft facility.
Reference:
Ext.A9
Document Type:
Original Letter of renewal
Submitted By:
Plaintiff
Relevance:
This document shows the renewed terms of the overdraft.
Reference:
Ext.A10
Document Type:
Original Pronote
Submitted By:
Plaintiff
Relevance:
This document serves as a promise to pay associated with the overdraft.
Reference:
Ext.A11
Document Type:
Original Link letter
Submitted By:
Plaintiff
Relevance:
This document connects the loan agreements and their terms.
Reference:
Ext.A12
Document Type:
Original supplemental agreement
Submitted By:
Plaintiff
Relevance:
This document complements the existing loan agreements.
Reference:
Ext.A13
Document Type:
Original Sanction memorandum
Submitted By:
Plaintiff
Relevance:
This document identifies the sanction of further loan facilities.
Reference:
Ext.A14
Document Type:
Original Letter of renewal
Submitted By:
Plaintiff
Relevance:
This document reconfirms the renewal of the credit terms.
Reference:
Ext.A15
Document Type:
Original Sanction memorandum
Submitted By:
Plaintiff
Relevance:
This document shows approval for additional loan amount.
Reference:
Ext.A16
Document Type:
Original Letter of renewal
Submitted By:
Plaintiff
Relevance:
This document verifies the renewed conditions of the loan.
Reference:
Ext.A17
Document Type:
Original Sanction memorandum
Submitted By:
Plaintiff
Relevance:
This document details the sanction of another loan facility.
Reference:
Ext.A18
Document Type:
Original agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
This document establishes the collateral for the loans.
Reference:
Ext.A19
Document Type:
Original Sanction memorandum
Submitted By:
Plaintiff
Relevance:
This document shows approval of the COVID-related loan.
Reference:
Ext.A20
Document Type:
Original agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
This document implies collateral for the COVID-related loan.
Reference:
Ext.A21
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document outlines the financial dealings and outstanding amounts.
Reference:
Ext.A22
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document further details the financial status of the loan account.
Reference:
Ext.A23