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
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.
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
Plaintiffs
Corporation Bank (Age not specified years)
Mangala Devi Temple Road, Mangalore-1
Defendants
Ramzi P.R (28 years)
3/106, Chalil House, Mundampalam, Thrikkakkara, Ernakulam, Pin 682 021
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