Case Summary
M/s Canara Bank has filed a suit against Rajasree and Swathi P R for non-repayment of a housing loan of Rs. 5,00,000. The bank accuses the defendants of defaulting on their loan obligations despite receiving a legal notice demanding payment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs.7,12,513.53/- along with interest @8.60% per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
The court decreed that the defendants must pay the total amount of Rs. 7,12,513.53 along with interest, as they failed to repay the housing loan.
Why Plaintiff Won:
The plaintiff established a case of default based on the loan agreement.
The plaintiff established a case of default based on the loan agreement.
Losing Side's Weaknesses:
The plaintiff established a case of default based on the loan agreement.
The plaintiff established a case of default based on the loan agreement.
Supporting Evidence
On perusal of the plaint, proof affidavit and documents produced, I am of the view that plaintiff has established a case and plaintiff is entitled to realize an amount of Rs.7,12,513.53/- with interest from the defendants.
Judgment Evidence:
In the result, suit is decreed as follows: Defendants shall pay Rs.7,12,513.53/- (Rupees Seven lakhs twelve thousand five hundred thirteen and fifty three paise only) along with interest @8.60% per annum from the date of suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s Canara Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Rajasree
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Swathi P R
- Relation
- D/o
Plaintiffs Documents
Housing Loan agreement No. ASD-24, Lawyer notice dated 24.05.2025, Acknowledgment card dated 29.05.2025, Statement of account of housing loan, Letter handing over title deeds, Certification under Section 2A Bankers Book of Evidence Act 1891.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- TP Joseph
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Akhilasree Bhaskaran
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendants are ordered to pay the plaintiff the due amount along with interest.
Evidence:
Defendants shall pay Rs.7,12,513.53/- along with interest @8.60% per annum from the date of suit till the date of decree.
Relief Type:
Injunction
Outcome:
Granted
Description:
Defendants are personally liable to satisfy the decree debt.
Evidence:
Defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Housing Loan Agreement
Submitted By:
Plaintiff
Relevance:
Executed by the defendants as security for the loan repayment.
Reference:
Ext.A1
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice demanding repayment of dues from the defendants.
Reference:
Ext.A2
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Proof of acknowledgment of the lawyer notice by the defendants.
Reference:
Ext.A3 series
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Details of the loan account transactions for the period the defendants failed to repay.
Reference:
Ext.A4
Document Type:
Letter of Handling Over Title Deed
Submitted By:
Plaintiff
Relevance:
Document executed by the defendants regarding the title deeds as collateral.
Reference:
Ext.A5
Document Type:
Certification under Section 2A of Bankers Book of Evidence Act
Submitted By:
Plaintiff
Relevance:
Certification verifying account details of the defendants.
Reference:
Ext.A6
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 M/s Canara Bank vs Rajasree et al regarding realization of money.
Case Code Year
Case between M/s Canara Bank vs Rajasree et al regarding realization of money.