Case Summary
The plaintiff, Canara Bank, is seeking the recovery of an amount of ₹13,31,051 from the defendants, who are liable for an unpaid loan. The defendants had previously admitted to owing this amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay an amount of ₹13,31,051 to the plaintiff along with interest.
Case Type
Commercial Suit
Final Judgment
No
The suit has been decreed in favor of the plaintiff, mandating the defendants to pay the claimed amount along with interest and costs.
Why Plaintiff Won:
The defendants admitted to the plaint claim.
The defendants admitted to the plaint claim.
Losing Side's Weaknesses:
The defendants admitted to the plaint claim.
The defendants admitted to the plaint claim.
Supporting Evidence
In the light of the candid admission made by the defendants, they are liable to pay the amount claimed in the plaint.
Judgment Evidence:
In the result, the suit is decreed as follows: The defendants are hereby directed to pay an amount of 13,31,051/- (Rupees thirteen lakhs thirty one thousand and fifty one only) to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- Rep.by its Manager
- Party Role
- Defendant
- Party Name
- Stuff- Casuals
- Relation
- Rep.by its proprietor
- Party Role
- Defendant
- Party Name
- T.V Aboobacker Janeesh
- Party Age
- 49
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Fathima M
- Party Age
- 44
- Relation
- W/o
Plaintiffs Documents
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Sreeraj P.N
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Smt. K Sonia
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are hereby directed to pay an amount of 13,31,051/- (Rupees thirteen lakhs thirty one thousand and fifty one only) to the plaintiff.
Evidence:
In the result, the suit is decreed as follows:- The defendants are hereby directed to pay an amount of 13,31,051/- (Rupees thirteen lakhs thirty one thousand and fifty one only) to the plaintiff.
Relief Type:
Interest
Outcome:
Granted
Description:
The plaintiff will be entitled for interest at the rate of 9% per annum from the date of the suit (31-08-2024) till the date of decree and thereafter at the rate of 6% per annum till realization of the decree from defendants.
Evidence:
The plaintiff will be entitled for interest at the rate of 9% per annum from the date of the suit (31-08-2024) till the date of decree and thereafter at the rate of 6% per annum till realization of the decree from defendants.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff will be entitled for costs of the suit.
Evidence:
The plaintiff will be entitled for costs of the suit.
Documents & Evidence
Case Classification
Case Type
Commercial Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Commercial Court Kozhikode
Common Reasons
Recovery of money
Case Code
Case between Canara Bank vs Stuff- Casuals regarding realisation of loan amount
Case Code Year
Case between Canara Bank vs Stuff- Casuals regarding realisation of loan amount