Case Summary
The case involves M/S UCO Bank seeking recovery of a loan amount from the defendants, who defaulted on their repayments. The loan was taken by Ananthu for educational purposes, with his parents as guarantors.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay jointly and severally Rs.6,49,623/- along with interest at specified rates.
Case Type
Civil Suit
Final Judgment
No
The suit was decreed in favor of the plaintiff, with the defendants directed to pay the total amount due along with interest. The court found that the defendants defaulted on the loan repayment.
Why Plaintiff Won:
The plaintiff proved the claim of the loan and the default in payment.
The plaintiff proved the claim of the loan and the default in payment.
Losing Side's Weaknesses:
The plaintiff proved the claim of the loan and the default in payment.
The plaintiff proved the claim of the loan and the default in payment.
Supporting Evidence
The plaint claim of borrowal of the amount, the default of the payments is proved by the affidavit of PW1 and documents No.A1 to A4.
Judgment Evidence:
In the result, The suit is decreed as follows: 1.The defendants are directed to pay jointly and severally Rs.6,49,623/- (Rupees Six Lakhs Forty Nine Thousand Six Hundred And Twenty Three Only) to the plaintiff with an interest at the rate of 7% till the date of decree and thereafter at the rate of 6% per annum till realisation.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/S UCO Bank
- Party Role
- Defendant
- Party Name
- Ananthu
- Party Age
- 26
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Suresh Kumar
- Party Age
- 54
- Party Role
- Defendant
- Party Name
- Raji Suresh
- Party Age
- 48
- Relation
- W/o
Plaintiffs Documents
Original Loan application executed by defendants, Original sanction letter, Original agreement for education Loan executed by defendants, Original Statement of account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. A. Girish Kumar
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Smt. Shameena K. C.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendants directed to pay an amount of Rs.6,49,623/- and interest.
Evidence:
The suit is decreed as follows: 1. The defendants are directed to pay jointly and severally Rs.6,49,623/- (Rupees Six Lakhs Forty Nine Thousand Six Hundred And Twenty Three Only) to the plaintiff with an interest at the rate of 7% till the date of decree and thereafter at the rate of 6% per annum till realisation.
Relief Type:
Costs
Outcome:
Granted
Description:
Defendants directed to pay the costs of the suit to the plaintiff.
Evidence:
The defendants are also directed to pay jointly and severally the costs of the suit to the plaintiff.
Documents & Evidence
Document Type:
Original loan application
Submitted By:
Plaintiff
Relevance:
Proves the borrowal of the amount by the first defendant.
Reference:
Ext.A1
Document Type:
Original Sanction letter
Submitted By:
Plaintiff
Relevance:
Demonstrates the loan was sanctioned to the first defendant.
Reference:
Ext.A2
Document Type:
Original agreement for education Loan
Submitted By:
Plaintiff
Relevance:
Details the terms of the loan agreement executed by the defendants.
Reference:
Ext.A3
Document Type:
Original Statement Of Account
Submitted By:
Plaintiff
Relevance:
Shows the outstanding amount and payments made.
Reference:
Ext.A4
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court 2 Kozhikode
Common Reasons
Case Code
Case between M/S UCO Bank vs Ananthu et al regarding realization of money
Case Code Year
Case between M/S UCO Bank vs Ananthu et al regarding realization of money