Case Summary
The plaintiff, Punjab National Bank, is involved in a suit against defendants Trend Beauty Spa and two individuals regarding the recovery of a loan amount. The defendants failed to repay the loan, leading to the suit.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay an amount of 7,80,810/- with interest at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, requiring the defendants to pay the loan amount along with interest. The defendants' failure to appear in court led to the judgment being passed ex parte.
Why Plaintiff Won:
The evidence presented by the plaintiff was uncontested and established the defendants' liability.
The evidence presented by the plaintiff was uncontested and established the defendants' liability.
Losing Side's Weaknesses:
The evidence presented by the plaintiff was uncontested and established the defendants' liability.
The evidence presented by the plaintiff was uncontested and established the defendants' liability.
Supporting Evidence
From the uncontested evidence of the PW1, I am of the opinion that the case of the plaintiff stands proved.
Judgment Evidence:
In the result, the suit is decreed as follows: The defendants are directed to pay to the plaintiff, an amount of 7,80,810/-.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Punjab National Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Trend Beauty Spa
- Party Role
- Defendant
- Party Name
- Abdul Asif K
- Party Age
- 29
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Suhair A
- Party Age
- 36
- Relation
- S/o
Plaintiffs Documents
True copy of General Power of Attorney, Loan Application Form, Sanction Letter, Affidavit of Co-borrower, Agreement of Term Loan, Partnership letter, undertaking and declaration, Application for Restructuring under Resolution Frame Work, Arrangement Letter, Pronote, True Copy of Notice, Postal Receipt and Postal Acknowledgment Card
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- S. Ramesh
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Kavya P. Prasad
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay an amount of 7,80,810/- with interest.
Evidence:
I am of the opinion that the defendants owe a total amount of 7,80,810/- to the plaintiff.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to the costs of the suit from the defendants.
Evidence:
Considering the nature of the suit and circumstances surrounding the suit, the plaintiff is entitled to the costs of the suit from the defendants.
Documents & Evidence
Document Type:
General Power of Attorney
Submitted By:
Plaintiff
Relevance:
This document was submitted as part of the exhibits to support the plaintiff's claims.
Reference:
Ext.A1
Document Type:
Loan Application Form
Submitted By:
Plaintiff
Relevance:
This document provides evidence of the loan application made by the defendants.
Reference:
Ext.A2
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
This document indicates the approval of the loan to the defendants.
Reference:
Ext.A3
Document Type:
Affidavit of Co-borrower
Submitted By:
Plaintiff
Relevance:
This document supports the financial obligations of the co-borrower.
Reference:
Ext.A4
Document Type:
Agreement of Term Loan
Submitted By:
Plaintiff
Relevance:
This agreement outlines the terms of the loan facility provided to the defendants.
Reference:
Ext.A5
Document Type:
Partnership letter, undertaking and declaration
Submitted By:
Plaintiff
Relevance:
This document clarifies the partnership and commitments given by the defendants.
Reference:
Ext.A6
Document Type:
Application for Restructuring under Resolution Frame Work
Submitted By:
Plaintiff
Relevance:
This application reflects the defendants' request for restructuring the loan.
Reference:
Ext.A7
Document Type:
Arrangement Letter
Submitted By:
Plaintiff
Relevance:
This letter details the arrangements made regarding the loan repayment.
Reference:
Ext.A8
Document Type:
Pronote
Submitted By:
Plaintiff
Relevance:
This document serves as a promissory note for the loan amount.
Reference:
Ext.A9
Document Type:
True copy of Notice
Submitted By:
Plaintiff
Relevance:
This notice informs the defendants about their debt obligation.
Reference:
Ext.A10
Document Type:
Postal Receipt and Postal Acknowledgment Card
Submitted By:
Plaintiff
Relevance:
These documents provide proof of communication sent to the defendants.
Reference:
Ext.A11
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Recovery of money
Case Code
Case between Punjab National Bank vs Trend Beauty Spa et al regarding realisation of money.
Case Code Year
Case between Punjab National Bank vs Trend Beauty Spa et al regarding realisation of money.