Case Summary
Punjab National Bank is suing Raghav Mohan and his co-borrowers for repayment of an education loan. The defendants defaulted on their loan repayment, leading the plaintiff to seek recovery through this suit.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs.4,15,281.23/- along with interest
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff established a case based on unchallenged documents showing the defendants' acknowledgment of liabilities.
Plaintiff established a case based on unchallenged documents showing the defendants' acknowledgment of liabilities.
Judgment Evidence:
In the result, suit is decreed as follows: Defendants shall pay Rs.4,15,281.23/- (Rupees Fourlakhs fifteen thousand two hundred and eighty one and twenty three paise only)...
Parties Involved
Plaintiffs
Punjab National Bank (Age not specified years)
Plot No. 4, Sector 10, Dwarka, New Delhi- 110075
Defendants
Raghav Mohan (26 years years)
29/10B, Lane-1, TOC-H School Road, Vytilla P O, Ernakulam- 682019
Bharath Mohan (33 years years)
29/10B, Lane-1, TOC-H School Road, Vytilla P O, Ernakulam- 682019
Mohan Kumar R (68 years years)
29/10B, Lane-1, TOC-H School Road, Vytilla P O, Ernakulam- 682019
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendants shall pay Rs.4,15,281.23/- along with interest.
Evidence:
Defendants shall pay Rs.4,15,281.23/- (Rupees Fourlakhs fifteen thousand two hundred and eighty one and twenty three paise only) along with interest @9.05% per annum from the date of suit till the date of decree and @ 6% from the date of decree till the date of payment or realization, as the case may be, to the plaintiff.
Relief Type:
Other
Outcome:
Granted
Description:
Defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
Evidence:
Defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
Documents & Evidence
Document Type:
Education Loan Agreement
Submitted By:
Plaintiff
Relevance:
Shows that on 22.01.2013 defendants executed educational loan agreement in favour of plaintiff.
Reference:
Ext.A1
Document Type:
Balance and Security Confirmation Letter
Submitted By:
Plaintiff
Relevance:
Demonstrates that the defendants acknowledged the liabilities.
Reference:
Ext.A2
Document Type:
Balance and Security Confirmation Letter
Submitted By:
Plaintiff
Relevance:
Demonstrates that the defendants acknowledged the liabilities.
Reference:
Ext.A3
Document Type:
Statement showing calculation of the unapplied interest and penal interest pertaining to the loan account
Submitted By:
Plaintiff
Relevance:
Gives details of interest related to the loan account.
Reference:
Ext.A4
Document Type:
Certificate under section 2A(b) and 2A(c) of the Bankers Books Evidence Act
Submitted By:
Plaintiff
Relevance:
Supports Ext.A4.
Reference:
Ext.A4(a)
Document Type:
Extract of the loan account
Submitted By:
Plaintiff
Relevance:
Details of loan account No. 530700JB00002700 of the 1st defendant maintained by the plaintiff.
Reference:
Ext.A5
Document Type:
Recall Notice
Submitted By:
Plaintiff
Relevance:
Office copy of the recall notice issued by the plaintiff to the defendants.
Reference:
Ext.A6
Document Type:
Certificate under section 2A(b) and 2A(c) of the Bankers Books Evidence Act
Submitted By:
Plaintiff
Relevance:
Supports Ext.A6.
Reference:
Ext.A6(a)
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Copy of the lawyer notice issued to the defendants.
Reference:
Ext.A7