Case Summary
Canara Bank is seeking to recover money owed by Sri. Nibu A.N due to a loan that was not repaid. The court found in favor of Canara Bank based on the evidence presented.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant is directed to pay the plaintiff ₹4,57,513.69 with interest at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The case of the plaintiff stands proved.
The case of the plaintiff stands proved.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is directed to pay to the plaintiff, an amount of 4,57,513.69/- (Rupees four lakh fifty seven thousand five hundred and thirteen and sixty nine paise only) with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation from the defendant or from assets of defendant.
Parties Involved
Plaintiffs
Canara Bank, Kalamasserry Branch (Age not specified years)
Woodlands Annex, Eloor Road, North Kalamasserry, Ernakulam - 683 104
Defendants
Sri. Nibu A.N (36 years)
Ampanattu House, Muppathadam, Kadungalloor, Aluva Pin - 683 110
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Recovery of the amount due from the defendant.
Evidence:
I am of the opinion that the plaintiff is entitled to recover the same from the defendant, with interest from the date of suit.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff granted costs of the suit.
Evidence:
the plaintiff is entitled to the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Application to credit facilities to Micro and Small Enterprises
Submitted By:
Plaintiff
Relevance:
Document submitted to support the loan application.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Document indicating approval of the loan.
Reference:
Ext.A2
Document Type:
Letter of undertaking
Submitted By:
Plaintiff
Relevance:
Document outlining the borrower's commitments.
Reference:
Ext.A3
Document Type:
Composite Hypothication Agreement
Submitted By:
Plaintiff
Relevance:
Agreement regarding the collateral for the loan.
Reference:
Ext.A4
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document evidencing the borrower's promise to pay.
Reference:
Ext.A5
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Document showing the defendant acknowledged the owed amount.
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Further acknowledgment of debt by the defendant.
Reference:
Ext.A7
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Document affirming debt and the security provided.
Reference:
Ext.A8
Document Type:
Computer print out of Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement detailing transactions related to the loan.
Reference:
Ext.A9
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
Notice sent to the defendant regarding the debt.
Reference:
Ext.A10
Document Type:
Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
Confirmation of receipt of documents sent to the defendant.
Reference:
Ext.A11
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Receipt for postal correspondence related to the suit.
Reference:
Ext.A12