Case Summary
Canara Bank has filed a suit against M/s Sathi Offset Printing Press for the recovery of a loan amount. The defendant defaulted on repayment, leading to the suit being filed for the outstanding debt.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs.1,55,720/- along with interest @10.35% per annum and costs.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff established a case through the evidence of loan documents and default.
Plaintiff established a case through the evidence of loan documents and default.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendants shall pay Rs.1,55,720/- along with interest @10.35% per annum from the date of suit till the date of decree and 6% from the date of decree till payment or realization, as the case may be, to the plaintiff.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Kadavanthra Branch, Sahodaran Ayyappan Road, Kadavanthra, Ernakulam- 682 020
Defendants
M/s Sathi Offset Printing Press (Age not specified years)
Vivek Nagar, Kadvanthra P O, Kochi- 682 020
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant shall pay Rs.1,55,720/- along with interest.
Evidence:
Defendants shall pay Rs.1,55,720/- (Rupees One lakh fifty five thousand seven hundred and twenty only) along with interest @10.35% per annum from the date of suit till the date of decree and 6% from the date of decree till payment or realization.
Relief Type:
Other
Outcome:
Granted
Description:
Defendant shall be personally liable to satisfy the decree debt.
Evidence:
Defendant shall be personally and his assets shall also be liable to satisfy the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Pronote
Submitted By:
Plaintiff
Relevance:
Original pronote executed by defendant in favour of plaintiff.
Reference:
Ext.A1
Document Type:
Request for Overdraft Facilities
Submitted By:
Plaintiff
Relevance:
Original request for overdraft facilities executed by defendant in favour of plaintiff bank.
Reference:
Ext.A2
Document Type:
Cash Credit Agreement
Submitted By:
Plaintiff
Relevance:
Cash credit agreement dated 28.12.2016 executed by defendant.
Reference:
Ext.A3
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Office copy of lawyer notice issued to defendant.
Reference:
Ext.A4
Document Type:
Returned lawyer notice
Submitted By:
Plaintiff
Relevance:
Returned cover of the original lawyer notice with endorsement as addressee left.
Reference:
Ext.A5
Document Type:
Returned lawyer notice
Submitted By:
Plaintiff
Relevance:
Returned cover of the original lawyer notice marked as unclaimed.
Reference:
Ext.A6
Document Type:
Account Statement
Submitted By:
Plaintiff
Relevance:
True copy of account statement maintained by plaintiff for the specified period.
Reference:
Ext.A7