Case Summary
M/s Indian Overseas Bank is the plaintiff seeking recovery of money from Mr.Haneef A.N, who defaulted on a loan. The court decreed in favor of the plaintiff for the amount due.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant to pay Rs.9,23,747/- with 6% interest per annum from the date of suit until the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The proof affidavit and submitted documents satisfactorily proved the plaint claim.
The proof affidavit and submitted documents satisfactorily proved the plaint claim.
Judgment Evidence:
In the result, the suit is decreed directing the defendant to pay an amount of Rs.9,23,747/- with 6% interest per annum from the date of suit( ie, from 10.1.2023) till the date of decree.
Parties Involved
Plaintiffs
M/s Indian Overseas Bank (Age not specified years)
Ernakulam Main Branch, Thekkekkara Mansion, First Floor, M.G.Road, Ernakulam, Cochin – 682 035
Defendants
Mr.Haneef A.N (Age not specified years)
Proprietor, Curtain’s Mall, Post Office Link Road, Broadway, Ernakulam – 682 031 also at 7/895 A, Arappapurath House, Clappana Usthad Road, Panayapilly, Kochi – 682 002
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff requested a decree to recover an amount due from the defendant.
Evidence:
In the result, the suit is decreed directing the defendant to pay an amount of Rs.9,23,747/- (Rupees Nine lakhs twenty three thousand seven hundred and forty seven only) with 6% interest per annum from the date of suit( ie, from 10.1.2023) till the date of decree.
Documents & Evidence
Document Type:
Original Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document evidences the loan amount demanded by the plaintiff bank from the defendant.
Reference:
Ext.A1
Document Type:
Original agreement of term loan and hypothecation
Submitted By:
Plaintiff
Relevance:
This document outlines the terms and conditions of the loan agreement between the plaintiff and the defendant.
Reference:
Ext.A2
Document Type:
Original Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document evidences a subsequent demand for the principal loan amount.
Reference:
Ext.A3
Document Type:
Original letter of hypothecation
Submitted By:
Plaintiff
Relevance:
This document secures the loan against the business assets of the defendant.
Reference:
Ext.A4
Document Type:
Original letter of undertaking repayment in installment
Submitted By:
Plaintiff
Relevance:
This document details the defendant's agreement to repay the loan in installments.
Reference:
Ext.A5
Document Type:
Original undertaking letter from new borrowers
Submitted By:
Plaintiff
Relevance:
This document involves a commitment from new borrowers associated with the loan.
Reference:
Ext.A6
Document Type:
Original revival letter
Submitted By:
Plaintiff
Relevance:
This document revives the terms of the loan agreement.
Reference:
Ext.A7
Document Type:
Original confirmation of balance and security letter
Submitted By:
Plaintiff
Relevance:
This document confirms the outstanding balance of the loan.
Reference:
Ext.A8
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
This document is the legal notice sent to the defendant concerning the outstanding loan.
Reference:
Ext.A9
Document Type:
Original return cover and acknowledgement
Submitted By:
Plaintiff
Relevance:
This document serves as proof of receipt of the legal notice by the defendant.
Reference:
Ext.A10
Document Type:
certified statement of account of the term loan for the period
Submitted By:
Plaintiff
Relevance:
This document provides a certified account of the defendant's loan repayments.
Reference:
Ext.A11
Document Type:
certified statement of account of term loan for the period
Submitted By:
Plaintiff
Relevance:
This document provides a certified account of the defendant's loan status.
Reference:
Ext.A12