Case Summary
Canara Bank filed a suit against Siraj Ali Mohammed and M/s Fidha Boutique for recovery of a loan amount. The defendants failed to repay the loan, leading to this legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
₹3,48,315.88 with 8.88% interest per annum from the date of suit till the date of decree
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The proof affidavit and documents satisfactorily proved the plaint claim.
The proof affidavit and documents satisfactorily proved the plaint claim.
Judgment Evidence:
In the result, The suit is decreed directing the defendants to pay an amount of ₹3,48,315.88/- (Rupees Three Lakh Forty Eight Thousand Three Hundred Fifteen and Eighty Eight paise only), with 8.88% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Banerji road II Branch, Ernakulam, Oberoi Residency, Chittoor road, Ernakulam North P.O, Kochi - 682 018, Kanayannur Taluk, Ernakulam District
Defendants
Siraj Ali Mohammed (Age not specified years)
Siraj Manzil (2135), Pothadi Lane, SRM road, Ernakulam North P.O, Ernakulam - - 682 018
M/s Fidha Boutique (Age not specified years)
Near YWCA Ladies Hostel, Chittoor road, Ernakulam - - 682 035
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The court directed the defendants to pay the outstanding loan amount with interest.
Evidence:
The suit is decreed directing the defendants to pay an amount of ₹3,48,315.88/- (Rupees Three Lakh Forty Eight Thousand Three Hundred Fifteen and Eighty Eight paise only), with 8.88% interest per annum from the date of suit till the date of decree.
Documents & Evidence
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Proves the loan sanction for the MSME Term Loan of ₹3,00,000/-.
Reference:
Ext.A1
Document Type:
Composite Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
Documents the terms secured against the loan.
Reference:
Ext.A2
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Acknowledges receipt of loan amount.
Reference:
Ext.A3
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Confirms the debt liability incurred by the defendants.
Reference:
Ext.A4
Document Type:
Copy of the lawyer notice issued to the defendant
Submitted By:
Plaintiff
Relevance:
Serves as notification for repayment obligations.
Reference:
Ext.A5
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
Proof of dispatch of legal notices to defendants.
Reference:
Ext.A6
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Confirms receipt of correspondence by the defendants.
Reference:
Ext.A7
Document Type:
Returned Cover
Submitted By:
Plaintiff
Relevance:
Demonstrates unreceived notices.
Reference:
Ext.A8
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Details the outstanding amount due as per bank records.
Reference:
Ext.A9