Case Summary
UCO Bank filed a suit against Amalesh E.R and others for recovery of a personal loan amounting to Rs. 2,47,874 due to default in repayment. The court found that the defendants had availed the loan under the UCO Educational Loan Scheme but failed to repay as agreed.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Directing the defendants to pay Rs. 2,47,874 with 9% interest per annum from the date of the suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unchallenged proof affidavit and documents submitted by the plaintiff satisfactorily proved the plaint claim.
The unchallenged proof affidavit and documents submitted by the plaintiff satisfactorily proved the plaint claim.
Judgment Evidence:
In the result, The suit is decreed directing the defendants to pay an amount of 2,47,874/-(Rupees Two Lakhs Forty Seven Thousand Eight Hundred and Seventy Four Only), with 9% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
UCO Bank (Age not specified years)
Valiyaparambil Square, Panambukadu road, Vallarpadam, Ernakulam, Pin – 682 504
Defendants
Amalesh E.R (27 years)
1/1583, Ellikkal house, South Thamaraparambu, Fortkochi P.O, Ernakulam District, Pin – 682 001
Rameshan E.S (52 years)
1/1583, Ellikkal house, South Thamaraparambu, Fortkochi P.O, Ernakulam District, Pin – 682 001
Praseela P.R (50 years)
1/1583, Ellikkal house, South Thamaraparambu, Fortkochi P.O, Ernakulam District, Pin – 682 001
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the sum due from the defendants.
Evidence:
The suit is decreed directing the defendants to pay an amount of 2,47,874/- (Rupees Two Lakhs Forty Seven Thousand Eight Hundred and Seventy Four Only), with 9% interest per annum from the date of suit till the date of decree.
Relief Type:
Cost
Outcome:
Granted
Description:
The plaintiff is entitled to recover the costs of litigation.
Evidence:
The plaintiff is also entitled to the costs of the litigation.
Documents & Evidence
Document Type:
Letter of sanction containing the terms and conditions
Submitted By:
Plaintiff
Relevance:
This document details the terms and conditions of the educational loan sanctioned to Defendant No.1.
Reference:
Ext.A1
Document Type:
Agreement for Education Loan
Submitted By:
Plaintiff
Relevance:
This agreement outlines the obligations of the defendants regarding the repayment of the educational loan.
Reference:
Ext.A2
Document Type:
Guarantee Agreement executed by the defendants
Submitted By:
Plaintiff
Relevance:
This document provides a guarantee for the loan taken by Defendant No.1 from the plaintiff bank.
Reference:
Ext.A3
Document Type:
Revival letter executed by the defendants
Submitted By:
Plaintiff
Relevance:
This letter acknowledges the revival of the loan by the defendants.
Reference:
Ext.A4
Document Type:
Revival letter executed by the defendants
Submitted By:
Plaintiff
Relevance:
This letter confirms the defendants' acknowledgment of their liability regarding the loan.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document shows the outstanding balance on the defendants' loan account.
Reference:
Ext.A6
Document Type:
Calculation statement of the interest in term loan
Submitted By:
Plaintiff
Relevance:
This statement details the interest calculations related to the defendants' term loan.
Reference:
Ext.A7