Case Summary
The plaintiff, UCO Bank, is seeking recovery of a loan amount from the defendants, M/s Ayrin Aquatics and its proprietor Ali Akbar C.B. The defendants defaulted on their repayment obligations despite accepting the loan terms.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay ₹4,82,413.85 with 9% interest per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
The court decreed in favor of the plaintiff, directing the defendants to pay a total of ₹4,82,413.85 with interest. The defendants did not appear in court to contest the claims.
Why Plaintiff Won:
The proof affidavit and documents submitted by the plaintiff adequately proved the claim of the bank.
The proof affidavit and documents submitted by the plaintiff adequately proved the claim of the bank.
Losing Side's Weaknesses:
The proof affidavit and documents submitted by the plaintiff adequately proved the claim of the bank.
The proof affidavit and documents submitted by the plaintiff adequately proved the claim of the bank.
Supporting Evidence
The unchallenged proof affidavit and documents would satisfactorily prove the plaint claim.
Judgment Evidence:
In the result, the suit is decreed directing the defendants to pay an amount of ₹4,82,413.85...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- UCO Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- M/s Ayrin Aquatics
- Party Role
- Defendant
- Party Name
- Ali Akbar C.B
- Party Age
- 28
- Relation
- S/o
Plaintiffs Documents
Sanction letter, The composite deed of hypothecation, Agreement relating to Term loan, The promissory note executed, The guarantee agreement, Statement of account, The calculation statement of the interest accrued.
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
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Madhavikutty
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is granted recovery of the sum due from the defendants.
Evidence:
The suit is decreed directing the defendants to pay an amount of ₹4,82,413.85 with 9% interest per annum from the date of suit till the date of decree.
Documents & Evidence
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Used to demonstrate the loan agreement between the plaintiff and the defendants.
Reference:
Ext.A1
Document Type:
Composite Deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Provided security for the loan and outlined the terms of repayment.
Reference:
Ext.A2
Document Type:
Agreement relating to Term Loan
Submitted By:
Plaintiff
Relevance:
Details the terms of the loan repayment schedule.
Reference:
Ext.A3
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
Serves as an acknowledgment of the debt to be repaid to the plaintiff bank.
Reference:
Ext.A4
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Confirms the personal guarantee of the second defendant for the loan repayment.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Shows the due amount and transaction history relevant to the case.
Reference:
Ext.A6
Document Type:
Calculation Statement of Interest
Submitted By:
Plaintiff
Relevance:
Details the interest that has accrued but not yet been applied to the account.
Reference:
Ext.A7
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 M/s Ayrin Aquatics et al regarding recovery of loan amount.
Case Code Year
Case between UCO Bank vs M/s Ayrin Aquatics et al regarding recovery of loan amount.