Case Summary
Canara Bank filed a suit against several defendants for the recovery of a loan amount of Rs.5,59,585/- which was defaulted. The loan was initially taken by the first defendant and his father for educational purposes.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs.5,59,585/- with interest at the rate of 6% per annum from the date of suit till its realization
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved their case through cogent and reliable evidence as the defendants did not contest the claims.
The plaintiff proved their case through cogent and reliable evidence as the defendants did not contest the claims.
Judgment Evidence:
In the result, the suit is decreed as follows. I.Plaintiff is entitled to realise an amount of Rs.5,59,585/- (Rupees Five Lakh fifty Nine Thousand Five Hundred and Eighty Five only) with interest at the rate of 6% per annum thereon from the date of suit till its realization.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
112, J.C. Road, Bangalore-560 002
Defendants
Rajesh.T.P. (30 years)
Thekkepurakkal House, Thekken Kuttoor amsom & Post, Tirur Taluk
Ammini (71 years)
Thekkepurakkal House, Thekken Kuttoor amsom & Post, Tirur Taluk
Rajiv (33 years)
Thekkepurakkal House, Thekken Kuttoor amsom & Post, Tirur Taluk
Rajan (41 years)
Thekkepurakkal House, Thekken Kuttoor amsom & Post, Tirur Taluk
Leela (44 years)
Thekkepurakkal House, Thekken Kuttoor amsom & Post, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff's request to recover an amount of Rs.5,59,585/- with interest.
Evidence:
Hence the suit is decreed as follows. I.Plaintiff is entitled to realise an amount of Rs.5,59,585/- (Rupees Five Lakh fifty Nine Thousand Five Hundred and Eighty Five only) with interest at the rate of 6% per annum thereon from the date of suit till its realization.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff's entitlement to recover costs of the suit from the defendants.
Evidence:
IIPlaintiff is entitled to realize costs of the suit from the defendants at confessional scale.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document evidencing the application for the loan made by the defendants.
Reference:
Ext.A1
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Document showing the approval of the loan amount.
Reference:
Ext.A2
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Agreement outlining the terms of the educational loan provided to the defendants.
Reference:
Ext.A3
Document Type:
Acknowledgement of Debt and Security
Submitted By:
Plaintiff
Relevance:
Documents acknowledging the debt and the security for the loan.
Reference:
Ext.A4 & A5