Case Summary
UCO Bank is suing M/s D Mark Studio & Vedeos and its partners for defaulting on a loan. The bank seeks to recover the amount due plus interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realise an amount of Rs.4,75,796/- with interest @ 12.60% per annum from the date of suit till the realization.
Case Type
Original Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved his case by adducement of cogent and reliable evidence due to the defendants' absence.
The plaintiff proved his case by adducement of cogent and reliable evidence due to the defendants' absence.
Judgment Evidence:
In the result, the suit is decreed as follows. 1. Plaintiff is entitled to realise an amount of Rs.4,75,796/- (Rupees Four Lakh Seventy Five Thousand Seven Hundred and Ninety Six only) with interest @ 12.60% per annum from the date of suit till the realization.
Parties Involved
Plaintiffs
UCO Bank (Age not specified years)
No.10, B.T.M. Sarani, Kolkata
Defendants
M/s D Mark Studio & Vedeos (Age not specified years)
Thangals Road, Payyanangadi, Tirur amsom & Post, Tirur Taluk
Sadik (34 years)
Kattath House, P.O.Thalakkadathur, Cheriyamundam amsom, Tirur Taluk
Ishaque.T. (32 years)
Thazhathethil House, Payyanangadi, Tirur amsom & Post, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realise an amount of Rs.4,75,796/- with interest @ 12.60% per annum from the date of suit till the realization.
Evidence:
The suit is decreed as follows. 1. Plaintiff is entitled to realise an amount of Rs.4,75,796/- (Rupees Four Lakh Seventy Five Thousand Seven Hundred and Ninety Six only) with interest @ 12.60% per annum from the date of suit till the realization.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is also entitled to realise the costs of the suit from the defendants at confessional scale.
Evidence:
Plaintiff is also entitled to realise the costs of the suit from the defendants at confessional scale.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
This document is the loan application dated 02.01.2014 submitted by the defendants to the plaintiff bank.
Reference:
Ext.A1
Document Type:
Agreement relating to Term Loan
Submitted By:
Plaintiff
Relevance:
This document is the Agreement relating to Term Loan dated 04.04.2014.
Reference:
Ext.A2
Document Type:
Deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
This document is the Deed of Hypothecation of Movable Plant and Machinery to Secure a Term Loan.
Reference:
Ext.A3
Document Type:
Balance Confirmation Letter
Submitted By:
Plaintiff
Relevance:
This document is the Balance Confirmation Letter dated 19.09.2016.
Reference:
Ext.A4
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document is a copy of the statement of accounts showing the details of the loan transaction.
Reference:
Ext.A5