Case Summary
In the suit, Canara Bank is seeking to realize money from the defendants Unni V P and Purushothaman V associated with a vehicle loan availed by the 1st defendant and guaranteed by the 2nd defendant. Despite repeated demands and legal notice, the defendants failed to repay the loan.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Civil Suit
Final Judgment
No
The court decrees defendants to pay the plaintiff Rs.5,09,901.83 with interest rates specified in the judgment. Defendants' assets are also liable to satisfy the debt, and plaintiff is entitled to costs of the suit.
Why Plaintiff Won:
Losing Side's Weaknesses:
Supporting Evidence
null
Judgment Evidence:
null
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Age
- 35
- Relation
- S/o V R Divakaran, Manager Canara bank, High Court Branch, Ernakulam- 682031
- Party Role
- Defendant
- Party Name
- Unni V P
- Party Age
- 60
- Relation
- S/o Purushothaman V
- Party Role
- Defendant
- Party Name
- Purushothaman V
- Party Age
- 77
- Relation
- S/o Unniran
Plaintiffs Documents
Application for Vehicle Loan, The Sanction Memorandum, Can mobile loan agreement of Rs. 3,65,000/-, Guarantee Covering letter and agreement, Copy of Certificate of Registration of Vehicle (Subject to proof), Acknowledgment of Debt and Security, Acknowledgment of Debt and Security, Legal notice, Postal receipts, Ture copy of ledger folio in respect of the loan granted to the defendants maintained by the plaintiff bank in the ordinary course of business certified under Bankers Book of Evidence Act period upto 04.01.24
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- KV Anil
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- M J Rajasree
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Anirudh Kadavil
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Suni Karunakaran
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Plaintiff claimed money recovery for a vehicle loan
Evidence:
Plaintiff established a case and is entitled to realize an amount of Rs.5,09,901.83/- with interest
Documents & Evidence
Document Type:
Application for Vehicle Loan
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing loan application
Reference:
Ext.A1
Document Type:
The Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing loan sanction
Reference:
Ext.A2
Document Type:
Can mobile loan agreement of Rs. 3,65,000/-
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing loan agreement
Reference:
Ext.A3
Document Type:
Guarantee Covering letter and agreement
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing guarantee agreement
Reference:
Ext.A4
Document Type:
Copy of Certificate of Registration of Vehicle
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing vehicle registration
Reference:
Ext.A5
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing debt acknowledgment
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing debt acknowledgment
Reference:
Ext.A7
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing legal notice
Reference:
Ext.A8
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing postal receipts
Reference:
Ext.A9
Document Type:
Ture copy of ledger folio in respect of the loan granted to the defendants maintained by the plaintiff bank in the ordinary course of business certified under Bankers Book of Evidence Act period upto 04.01.24
Submitted By:
Plaintiff
Relevance:
Plaintiff's exhibit showing ledger details
Reference:
Ext.A10
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Money Recovery
Case Code
Case between Canara Bank vs Unni V P et al regarding realization of money
Case Code Year
Case between Canara Bank vs Unni V P et al regarding realization of money