Case Summary
Canara Bank filed suit against the defendant seeking recovery of a loan amount with interest due to default in repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of loan amount with interest
Case Type
Civil Suit - Debt Recovery
Final Judgment
No
The court decreed the suit in favor of the plaintiff ordering the defendant to pay the outstanding loan amount with interest and costs of the proceedings.
Why Plaintiff Won:
Reason not clearly mentioned.
Reason not clearly mentioned.
Losing Side's Weaknesses:
Supporting Evidence
Judgment Evidence:
In the result, the suit is decreed as follows:- a). Defendant is directed to pay an amount of Rs. 4,94,298/- (Rupees Four Lakh Ninety four Thousand two Hundred and ninety eight only) with interest at the rate of 12.40% per annum on Rs.4,82,995/- (Rupees Four Lakh eighty two Thousand Nine Hundred and ninety five only) from the date of suit till realisation to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- Represented by its Manager
- Party Role
- Defendant
- Party Name
- Yoosuf
- Party Age
- 44
- Relation
- S/o Kunhimoideen Kutty
Plaintiffs Documents
Loan application, Sanction Memorandum, Deed of Hypothication, Acknowledgment of Debt and security, Copy of Lawyer Notice, Certified copy of accounts
Defendants Documents
Not mentioned
Advocates
Reliefs
Relief Type:
Debt Recovery
Outcome:
Granted
Description:
Recovery of loan amount with interest
Evidence:
Defendant is directed to pay an amount of Rs. 4,94,298/- with interest at the rate of 12.40% per annum on Rs.4,82,995/- from the date of suit till realisation to the plaintiff.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Submission of loan application by the defendant.
Reference:
A1
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Document detailing the sanction of the loan.
Reference:
A2
Document Type:
Deed of Hypothication
Submitted By:
Plaintiff
Relevance:
Legal document regarding the hypothecation of the purchased vehicle.
Reference:
A3
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Acknowledgement of debt executed by the defendant.
Reference:
A4
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Evidence of lawyer notice sent to the defendant.
Reference:
A5
Document Type:
Certified copy of accounts
Submitted By:
Plaintiff
Relevance:
Document showing the complete accounts related to the suit transaction.
Reference:
A6
Case Classification
Case Type
Civil Suit - Debt Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Default in loan repayment
Case Code
Case between Canara Bank vs Yoosuf et al regarding loan recovery
Case Code Year
Case between Canara Bank vs Yoosuf et al regarding loan recovery