Case Summary
UCO Bank has filed a suit against M/s Bake Factory for the realization of an outstanding loan amount. The defendants defaulted on a cash credit facility and a term loan, leading to the bank seeking repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants shall pay Rs.8,41,379.48/- along with interest @10.50% per annum from the date of suit till the date of decree and 6% from the date of decree till payment or realization.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff established a case for the recovery of the amount due based on the evidence provided.
Plaintiff established a case for the recovery of the amount due based on the evidence provided.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendants shall pay Rs.8,41,379.48/- (Rupees Eight lakhs forty one thousand three hundred seventy nine and forty eight piase only) along with interest @10.50% per annum from the date of suit till the date of decree...
Parties Involved
Plaintiffs
UCO Bank (Age not specified years)
Chottanikkara Branch, Tharakandam Complex, Chottanikkara Mulanthuruthy Road, Chottanikkara, Ernakulam District, Pincode- 682312
Defendants
M/s Bake Factory (Age not specified years)
2/12 B C, Thiruvankulam P O, Kadungamangalam, Ernakulam, Kerala Pincode 682305
Bijish S B (27 years)
Saraswathy Bhavan, Monapilli, Puthencruz P O, Puthencruz, Pincode- 682308
Reliefs
Relief Type:
Damages
Outcome:
Granted
Description:
Defendants shall pay Rs.8,41,379.48/- along with specified interest to the plaintiff.
Evidence:
Plaintiff has established a case and plaintiff is entitled to realize an amount of Rs.8,41,379.48/- with interest from the defendants.
Relief Type:
Other
Outcome:
Granted
Description:
Defendants shall be personally and their assets shall be liable to satisfy the decree debt.
Evidence:
Defendants shall be personally and their assets shall also be liable to satisfy the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Shows that plaintiff bank sanctioned cash credit facility of Rs.1,00,000/- and another term loan of Rs.9,00,000/- to defendant.
Reference:
Ext.A1
Document Type:
Composite Deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Executed by the defendant for the cash credit facility and term loan.
Reference:
Ext.A2
Document Type:
Agreement relating to Term Loan
Submitted By:
Plaintiff
Relevance:
Details the repayment terms of the loan, indicating 60 equated monthly installments.
Reference:
Ext.A3
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
Executed by the defendant in favor of plaintiff bank for Rs.9,00,000/-.
Reference:
Ext.A4
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
Executed by the defendant in favor of plaintiff bank for Rs.1,00,000/-.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Under Cash Credit Loan, duly certified by plaintiff bank.
Reference:
Ext.A6
Document Type:
Calculation Statement of Interest
Submitted By:
Plaintiff
Relevance:
Shows the interest accrued but not applied in the account, duly certified.
Reference:
Ext.A7
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Under Term Loan, duly certified by the plaintiff.
Reference:
Ext.A8
Document Type:
Calculation Statement of Interest
Submitted By:
Plaintiff
Relevance:
Shows the interest accrued but not applied in the accounts, duly certified.
Reference:
Ext.A9