Case Summary
Canara Bank is pursuing a suit against Shibu Wilson for recovery of a loan amount due to non-payment. The defendant applied for a loan to purchase a vehicle, but failed to repay the loan as agreed.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
An amount of Rs. 4,48,200/- with interest at the rate of 9.45% per annum from the date of suit till the date of realization and costs of the suit.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved their case with cogent and reliable evidence, as the evidence provided remained unchallenged due to the defendant's failure to file a written statement.
The plaintiff proved their case with cogent and reliable evidence, as the evidence provided remained unchallenged due to the defendant's failure to file a written statement.
Judgment Evidence:
In the result, the suit is decreed as follows Plaintiff is entitled to realise an amount of Rs. 4,48,200/- (Rupees Four Lakh Forty Eight Thousand and Two Hundred only) with interest at the rate of 9.45 % per annum from the date of suit till the date of realization. Plaintiff is entitled to realise the costs of the suit from the defendants.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
112, J.C Road, Bangalore – 560 002
Defendants
Shibu Wilson (39 years)
Nellikala House, P.O.Anavoor - 695124.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize an amount of Rs. 4,48,200/- with interest.
Evidence:
In the result, the suit is decreed as follows: Plaintiff is entitled to realise an amount of Rs. 4,48,200/- (Rupees Four Lakh Forty Eight Thousand and Two Hundred only) with interest at the rate of 9.45 % per annum from the date of suit till the date of realization.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit from the defendants.
Evidence:
Plaintiff is entitled to realise the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The document is the application submitted by the defendant for a loan of Rs. 5,95,000/- on 10.08.2015.
Reference:
Ext.A1
Document Type:
Loan Sanction Letter
Submitted By:
Plaintiff
Relevance:
This is the letter sanctioning the loan to the defendant dated 12.08.2015.
Reference:
Ext.A2
Document Type:
Canmobile Agreement
Submitted By:
Plaintiff
Relevance:
This agreement hypothecates the vehicle purchased with the bank's assistance in favor of the plaintiff bank.
Reference:
Ext.A3
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This is the copy of the notice dated 24.10.2016 issued by the plaintiff to the defendant for defaulting on loan repayments.
Reference:
Ext.A4
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document shows the details of the loan transaction and the amount due from the defendant.
Reference:
Ext.A5