Case Summary
The plaintiffs, M/s. Synidicate Bank and M/s. Canara Bank, are seeking recovery of a loan amount from the defendant, Ansil A, who defaulted on his repayments. The case involves evidence of the defendant's failure to repay the loan taken in 2015, leading to this legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
An amount of 1,07,684/- with interest at the rate of 6% per annum
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiffs provided sufficient evidence proving the defendant's liability to pay the loan amount.
The plaintiffs provided sufficient evidence proving the defendant's liability to pay the loan amount.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is directed to pay to the plaintiff, an amount of 1,07,684/- with interest at the rate of 6% per annum from the date of institution of the suit, till its realisation from the defendant and his assets.
Parties Involved
Plaintiffs
M/s. Synidicate Bank (Age not specified years)
Kakkanad Branch, Josh Towers, Padamugal Colony Junction, Vazhakkala, Kakkanad, Kochi – 682 030
M/s. Canara Bank (Age not specified years)
Kakkanad Branch, Josh Towers, Padamugal Colony Junction, Vazhakkala, Kakkanad, Kochi – 682 030
Defendants
Ansil A (26 years)
'Pallippattu' House, Bismi Nagar, Padamugal, Kakkanad P.O, Kochi 682 030
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the amount due from the defendant.
Evidence:
the plaintiff is entitled to the decree in its favour.
Relief Type:
Interest
Outcome:
Granted
Description:
Interest at the rate of 6% per annum is to be paid on the principal amount from the date of institution of the suit until realization.
Evidence:
an amount of 1,07,684/- (Rupees one lakhs seven thousand six hundred and eighty four only) with interest at the rate of 6% per annum from the date of institution of the suit.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to the costs of the suit from the defendant.
Evidence:
the plaintiff is entitled to the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Application for advances under Personal Banking Schemes
Submitted By:
Plaintiff
Relevance:
This document pertains to the application made by the defendant for availing the loan.
Reference:
Ext.A1
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
The receipt evidences the loan amount provided to the defendant.
Reference:
Ext.A2
Document Type:
Composite Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
This agreement outlines the terms of the loan and the borrower's obligations.
Reference:
Ext.A3
Document Type:
Computer print out of statement of accounts
Submitted By:
Plaintiff
Relevance:
This document provides a record of the loan repayments made by the defendant.
Reference:
Ext.A4
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This document shows the legal demand made to the defendant for repayment of the due amount.
Reference:
Ext.A6
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This is another notice sent to the defendant for the same purpose as Ext.A6.
Reference:
Ext.A8