Case Summary
UCO Bank filed a suit against Ali Akbar C. B for the recovery of a loan amount after the defendant failed to repay. The court found in favor of the bank based on uncontested evidence.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Amount of ₹4,91,094.44 with interest at the rate of 6% per annum
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of UCO Bank, ordering the defendant to pay a total of ₹4,91,094.44 with interest at 6% per annum. The court provided terms for payment and entitlement to costs.
Why Plaintiff Won:
The case of the plaintiff stands proved based on uncontested evidence.
The case of the plaintiff stands proved based on uncontested evidence.
Losing Side's Weaknesses:
The case of the plaintiff stands proved based on uncontested evidence.
The case of the plaintiff stands proved based on uncontested evidence.
Supporting Evidence
From the uncontested evidence of the PW1, I am of the opinion that the case of the plaintiff stands proved. There is no reason to disbelieve the evidence tendered by PW1.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is directed to pay to the plaintiff, an amount of 4,91,094.44/- (Rupees four lakhs ninety one thousand ninety four and forty four paise only) with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation from the defendant or from assets of defendant.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- UCO Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Ali Akbar C. B
- Party Age
- 28
- Relation
- S/o
Plaintiffs Documents
Loan Sanction Letter, Agreement relating to term loan, Composite Deed of Hypothication, Demand Promissory Note, Customer account ledger report, Copy of Calculation Statement
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- G. G Manoj
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- S. Sarath Prasad
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Madhavikutty
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Selvi Bridgit P. F
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Anish Jain
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the amount of ₹4,91,094.44 from the defendant.
Evidence:
I am of the opinion that the plaintiff is entitled to recover the same from the defendant, with interest from the date of suit.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to the costs of the suit from the defendant.
Evidence:
Considering the nature of the suit and circumstances surrounding the suit, the plaintiff is entitled to the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Loan Sanction Letter
Submitted By:
Plaintiff
Relevance:
This document was used to establish the loan agreement between the plaintiff and the defendant.
Reference:
Ext.A1
Document Type:
Agreement relating to Term Loan
Submitted By:
Plaintiff
Relevance:
This document was used to outline the terms of the loan agreement.
Reference:
Ext.A2
Document Type:
Composite Deed of Hypothication
Submitted By:
Plaintiff
Relevance:
This document was used to secure the loan against the hypothecation of assets.
Reference:
Ext.A3
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document was used to formally demand the repayment of the loan.
Reference:
Ext.A4
Document Type:
Customer account ledger report
Submitted By:
Plaintiff
Relevance:
This document provided evidence of the transactions related to the loan account.
Reference:
Ext.A5
Document Type:
Calculation Statement
Submitted By:
Plaintiff
Relevance:
This document detailed the calculations of the amount owed, including interest.
Reference:
Ext.A6
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 UCO Bank vs Ali Akbar C. B regarding realisation of money
Case Code Year
Case between UCO Bank vs Ali Akbar C. B regarding realisation of money