Case Summary
The case involves Punjab National Bank suing Rani.S and M/s. Variety Collections for the repayment of a loan. The defendants did not appear in court, and the plaintiff claims the defendants owe a significant amount due to loan default.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realise an amount of Rs.2,19,616/- together with interest at the rate of 6% per annum from the date of suit till the date of realization.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing them to recover the owed amount due to the defendants' failure to repay the loan.
Why Plaintiff Won:
The plaintiff succeeded by proving their case with the loan documents and absence of rebuttal evidence from the defendants.
The plaintiff succeeded by proving their case with the loan documents and absence of rebuttal evidence from the defendants.
Losing Side's Weaknesses:
The plaintiff succeeded by proving their case with the loan documents and absence of rebuttal evidence from the defendants.
The plaintiff succeeded by proving their case with the loan documents and absence of rebuttal evidence from the defendants.
Supporting Evidence
By producing Exts.A1 to A10 and by deposing in tune with the plaint averments in the affidavit, the plaintiff has succeeded in proving his case.
Judgment Evidence:
In the result, suit is decreed as follows:- The plaintiff is entitled to realise an amount of Rs.2,19,616/- (Rupees Two Lakh Nineteen Thousand Six Hundred and Sixteen Only) together with interest at the rate of 6% per annum from the date of suit till the date of realization from the defendants and their assets, with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Punjab National Bank, Civil Station Branch, Rep.by, Manager, Preeth Sasi
- Party Age
- 47
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Rani.S
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- M/s Variety Collections
Plaintiffs Documents
Loan application dated 04/08/2016, Sanction letter dated 06/08/2016, Loan agreement dated 06/08/2016, Agreement of term loan dated 06/08/2016, Sole proprietorship letter dated 06/08/2016, Balance Security confirmation dated 09/08/2019, Office copy of Advocate notice dated 09/12/2019, Postal receipt, Acknowledgment card, Statement of account for the period from 06/08/2016 to 31/12/2019.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Adv. Ayyappan Pillai. A.R.
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Adv. Nil
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to recover the outstanding loan amount along with interest.
Evidence:
Hence, the plaintiff is entitled to the relief as prayed for.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Submitted as part of the evidence to show the loan application made by the defendant.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Provided as evidence establishing the official loan sanction to the defendant.
Reference:
Ext.A2
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Demonstrates the formal agreement between the plaintiff bank and the defendant regarding the loan.
Reference:
Ext.A3
Document Type:
Agreement of Term Loan
Submitted By:
Plaintiff
Relevance:
Part of the evidence supporting the loan conditions agreed upon by the defendant.
Reference:
Ext.A4
Document Type:
Sole Proprietorship Letter
Submitted By:
Plaintiff
Relevance:
Indicates the defendant's status as a sole proprietor, relevant for the loan agreement.
Reference:
Ext.A5
Document Type:
Balance Security confirmation
Submitted By:
Plaintiff
Relevance:
Serves to confirm the status of security for the loan as part of the evidence.
Reference:
Ext.A6
Document Type:
Office copy of Advocate notice
Submitted By:
Plaintiff
Relevance:
Shows the notice sent to the defendants regarding the dues for the loan.
Reference:
Ext.A7
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Proof of sending the notice to the defendants.
Reference:
Ext.A8
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Evidence of the defendant's acknowledgment of having received the notice.
Reference:
Ext.A9
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Reflects the outstanding amount owed by the defendant to the plaintiff bank.
Reference:
Ext.A10
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kollam
State
Kerala
Court Establishment
Munsiff Court Kollam
Common Reasons
Recovery of money
Case Code
Case between Punjab National Bank vs Rani.S et al regarding realisation of money
Case Code Year
Case between Punjab National Bank vs Rani.S et al regarding realisation of money