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
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.
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
Plaintiffs
M/s Canara Bank (Age not specified years)
Ernakulam Broadway Main Branch, Shenoys Chamber, Shanmugham Road, Ernakulam - 682 031
Defendants
Rajasree (Age not specified years)
Pandaraparambil, Mulavukad P O, Ernakulam - - 682 504
Swathi P R (Age not specified years)
Pandaraparambil, Mulavukad P O, Ernakulam - 682 504
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