Case Summary
This case involves Corporation Bank suing Ramzi P.R for the recovery of a loan amount. The plaintiff claims that the defendant defaulted on the repayment of a loan taken to start a tailoring unit.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is allowed to recover Rs 60,890 together with interest at the rate of 9% per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
The court allowed the plaintiff's claim and decreed in favor of Corporation Bank for the outstanding loan amount.
Why Plaintiff Won:
The plaint averments from the plaintiff were proven by unrebutted evidence.
The plaint averments from the plaintiff were proven by unrebutted evidence.
Losing Side's Weaknesses:
The plaint averments from the plaintiff were proven by unrebutted evidence.
The plaint averments from the plaintiff were proven by unrebutted evidence.
Supporting Evidence
From the unrebutted evidence of PW1 and Ext.A1 to A9 documents the plaint averments stands proved.
Judgment Evidence:
In the result, suit is decreed as follows: A) The plaintiff is allowed to recover Rs 60,890 together with interest at the rate of 9% per annum from the date of suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Corporation Bank
- Party Role
- Defendant
- Party Name
- Ramzi P.R
- Party Age
- 28
- Relation
- W/o
Plaintiffs Documents
Loan application form dated 08.03.2016, Credit sanction intimation letter dated 11.03.2016, Demand promissory note dated 14.03.2016, Take delivery letter to demand promissory note dated 14.03.2016, Letter of undertaking dated 14.03.2016, Common deed of hypothecation of movables dated 14.03.2016, Office copy of lawyer notice dated 03.11.2016, Postal acknowledgment card dated 04.11.2016, Statement of account from 14.06.2016 to 31.03.2016.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- V.A. Ajaikumar
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff allowed to recover amount due together with interest.
Evidence:
The plaintiff is allowed to recover Rs 60,890 together with interest at the rate of 9% per annum from the date of suit till the date of decree.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff entitled to costs of the suit from the defendant.
Evidence:
The plaintiff is also entitled to get the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Loan Application Form
Submitted By:
Plaintiff
Relevance:
Document related to the defendant's application for a loan.
Reference:
Ext.A1
Document Type:
Credit sanction intimation letter
Submitted By:
Plaintiff
Relevance:
Document notifying the defendant of the loan approval.
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document evidencing the loan amount and repayment terms.
Reference:
Ext.A3
Document Type:
Take delivery letter to Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document related to the delivery of the demand promissory note.
Reference:
Ext.A4
Document Type:
Letter of undertaking
Submitted By:
Plaintiff
Relevance:
Document establishing the defendant's agreement to the loan terms.
Reference:
Ext.A5
Document Type:
Common deed of hypothecation of movables
Submitted By:
Plaintiff
Relevance:
Document securing the loan with hypothecation of movables.
Reference:
Ext.A6
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
Document serving as evidence of notice sent for loan recovery.
Reference:
Ext.A7
Document Type:
Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
Document proving receipt of the lawyer notice by the defendant.
Reference:
Ext.A8
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Document showing the outstanding amount due from the defendant.
Reference:
Ext.A9
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Recovery of money
Case Code
Case between Corporation Bank vs Ramzi P.R regarding realisation of money
Case Code Year
Case between Corporation Bank vs Ramzi P.R regarding realisation of money