Case Summary
The Syndicate Bank filed a suit against Manikandan. T seeking recovery of a loan amount due to default in repayments.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of loan amount with interest and costs
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed the suit in favor of the plaintiff for the recovery of Rs.2,89,762/- with interest and costs from the defendant.
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
I find no reason to disbelieve PW.1. Therefore, I hold a view that the plaintiff has proved its case by documents produced in this case.
Judgment Evidence:
The suit is decreed as follows:-1. The plaintiff is allowed to realise an amount of Rs.2,89,762/- (Rupees Two Lakhs Eighty Nine Thousand Seven Hundred and Sixty Two only) with interest at the rate of 16.5% per annum from the date of suit till realisation from the defendant and his assets. 2. Plaintiff is entitled to realise the costs of the suits from the defendant.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Syndicate Bank
- Party Role
- Defendant
- Party Name
- Manikandan. T
- Relation
- S/o. Late Karappan
Plaintiffs Documents
Loan application, Guarantee Agreement, Receipt, Acknowledgment of Debt, Statement of accounts
Defendants Documents
Not available
Advocates
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Recovery of loan amount with interest and costs
Evidence:
The suit is decreed as follows:-1. The plaintiff is allowed to realise an amount of Rs.2,89,762/- (Rupees Two Lakhs Eighty Nine Thousand Seven Hundred and Sixty Two only) with interest at the rate of 16.5% per annum from the date of suit till realisation from the defendant and his assets. 2. Plaintiff is entitled to realise the costs of the suits from the defendant.
Documents & Evidence
Document Type:
Application of Advance to Professionals and Self Employed Persons
Submitted By:
Plaintiff
Relevance:
Loan application submitted by the defendant.
Reference:
Ext.A1
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Composite Hypothecation Agreement executed by the defendant.
Reference:
Ext.A2
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Receipt for Rs.85,572/-
Reference:
Ext.A3
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt executed by the defendant on 26.9.2009.
Reference:
Ext.A4
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt executed by the defendant on 7.12.2011.
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Statement of accounts showing Rs.2,89,762/- due from the defendant.
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit - Money Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Case Code
Case between Syndicate Bank vs Manikandan. T regarding loan recovery
Case Code Year
Case between Syndicate Bank vs Manikandan. T regarding loan recovery