Case Summary
M/s. Syndicate Bank is seeking to recover a loan amount from the defendants, who had taken an educational loan for their studies. The defendants have failed to repay the loan and have not provided representation in court.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay an amount of ₹5,12,304.64 with interest at the rate of 6% per annum from the date of institution of the suit.
Case Type
Civil Suit
Final Judgment
No
The court has decreed the suit in favor of the plaintiff, directing the defendants to pay the due amount with specified interest. The suit was awarded costs.
Why Plaintiff Won:
The evidence tendered by the plaintiff was uncontested and supported by documentation.
The evidence tendered by the plaintiff was uncontested and supported by documentation.
Losing Side's Weaknesses:
The evidence tendered by the plaintiff was uncontested and supported by documentation.
The evidence tendered by the plaintiff was uncontested and supported by documentation.
Supporting Evidence
The evidence tendered by PW1 was uncontested and was not subject to cross examination. From the evidence tendered by the PW1, I am of the opinion that the case of the plaintiff stands proved.
Judgment Evidence:
In the result, the suit is decreed as follows: The defendants are directed to pay to the additional 2nd plaintiff, an amount of ₹5,12,304.64/- with interest at the rate of 6% per annum from the date of institution of the suit, till its realisation from the defendants and their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s. Syndicate Bank
- Relation
- represented by its Senior Manager & Principal Officer, Jaice Mary Jose
- Party Role
- Plaintiff
- Party Name
- M/s. Canara Bank
- Relation
- represented by its Senior Manager, Jaice Mary Jose
- Party Role
- Defendant
- Party Name
- Mishal Varghese
- Party Age
- 27
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Varghese A. M
- Party Age
- 59
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Solly Varghese
- Party Age
- 51
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Joseph M.F
- Party Age
- 58
- Relation
- S/o
Plaintiffs Documents
Loan Application, Letter of Sanction, Receipts, General Agreement, Guarantee Agreement, Computer Print out of Statement of Account, Letter
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- B Jayaprakash
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Thresia Anu P.J
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Suja R Nair
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Renju John
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to recover an amount due from the defendants.
Evidence:
The plaintiff is entitled to recover an amount of ₹5,12,304.64/- (Five Lakh Twelve Thousand Three Hundred and Four Rupee and Sixty Four Paise only) from the defendants.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff entitled to recover costs from the defendants.
Evidence:
Considering the nature of the suit and circumstances surrounding the suit, the additional 2nd plaintiff is entitled to the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document submitted to initiate the loan process for the defendants.
Reference:
Ext.A1
Document Type:
Letter of Sanction
Submitted By:
Plaintiff
Relevance:
Indicates the approval of the loan amount for the defendants.
Reference:
Ext.A2
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Confirms the disbursement of the first installment of the loan.
Reference:
Ext.A3
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Confirms the disbursement of the second installment of the loan.
Reference:
Ext.A4
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Confirms the disbursement of the third installment of the loan.
Reference:
Ext.A5
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Confirms the disbursement of the fourth installment of the loan.
Reference:
Ext.A6
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Confirms the disbursement of the fifth installment of the loan.
Reference:
Ext.A7
Document Type:
General Agreement
Submitted By:
Plaintiff
Relevance:
The agreement executed by the defendants regarding the loan.
Reference:
Ext.A8
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Document executed by the fourth defendant as a guarantor for the loan.
Reference:
Ext.A9
Document Type:
Computer print out of Statement of Account
Submitted By:
Plaintiff
Relevance:
Provides an account statement showing the loan transactions up to the date of the suit.
Reference:
Ext.A10
Document Type:
Letter
Submitted By:
Plaintiff
Relevance:
Correspondence related to the loan account.
Reference:
Ext.A11
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. Syndicate Bank vs Mishal Varghese et al regarding realisation of money
Case Code Year
Case between M/s. Syndicate Bank vs Mishal Varghese et al regarding realisation of money