Case Summary
M/s UCO Bank filed a suit against Sreejith Lal and others for the recovery of an education loan amounting to ₹4,69,610/-. The defendants claimed they had not availed the loan and raised issues including the maintainability of the suit and the challenge of limitation.
Judgment Outcome
Judgment Favored
Defendant
Relief Granted
Case Type
Civil Suit
Final Judgment
No
Key Reasoning:
The suit was barred by limitation.
The suit was barred by limitation.
Judgment Evidence:
In the result, the suit is dismissed. Parties are directed to suffer their respective costs.
Parties Involved
Plaintiffs
M/s UCO Bank (Age not specified years)
10, BTM Sarani Kolkota
Defendants
Sreejith Lal (30 years)
Muraka Vilasam, Puthakil, NR city P.O, Idukki- 685 566
Vijayakumar (59 years)
Muraka Vilasam, Puthakil, NR city P.O, Idukki- 685 566
Rajamma Vijayakumar (30 years)
Muraka Vilasam, Puthakil, NR city P.O, Idukki- 685 566
Reliefs
Relief Type:
Recovery
Outcome:
Refused
Description:
The plaintiff sought recovery of the loan amount due.
Evidence:
The suit is hopelessly barred by limitation.
Documents & Evidence
Document Type:
Agreement for Education Loan
Submitted By:
Plaintiff
Relevance:
This document evidences the education loan agreement executed by the defendants.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
This document confirms the sanction of the loan amount.
Reference:
Ext.A2
Document Type:
Computer print of Statement of account
Submitted By:
Plaintiff
Relevance:
This document provides a detailed statement of the loan account showing the balance and transactions.
Reference:
Ext.A3
Document Type:
Interest Statement
Submitted By:
Plaintiff
Relevance:
This document details the interest charged on the loan.
Reference:
Ext.A4
Document Type:
Office copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
This document is the notice issued to the defendants regarding the loan recall.
Reference:
Ext.A5