Case Summary
UCO Bank is seeking to recover a loan amount from M/s Solution Computer Centre and its partners Mohammed Rafeeque.V.P. and Noushad.C. The defendants have failed to repay the loan despite multiple reminders.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants pay sum of ₹3,43,481/- with interest @ 14.10% p.a. from the date of the institution of the suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, ordering the defendants to pay a total of ₹3,43,481/- with interest and costs. The defendants had defaulted on the loan repayments.
Why Plaintiff Won:
The plaintiff proved the case with unrebutted evidence and relevant documents.
The plaintiff proved the case with unrebutted evidence and relevant documents.
Losing Side's Weaknesses:
The plaintiff proved the case with unrebutted evidence and relevant documents.
The plaintiff proved the case with unrebutted evidence and relevant documents.
Supporting Evidence
The plaintiff produced loan application submitted by the defendants... From the above evidence, PW1 had proved the transaction between the plaintiff bank and the defendants.
Judgment Evidence:
In the result, the suit is decreed with costs as follows:- (a) The defendants do pay sum of ₹3,43,481/- (Rupees Three Lakh forty three thousand four hundred and eighty one only) to the plaintiff with an interest @ 14.10% p.a from the date of the institution of the suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- UCO Bank
- Party Role
- Defendant
- Party Name
- M/s Solution Computer Centre
- Relation
- By its Managing Partner
- Party Role
- Defendant
- Party Name
- Mohammed Rafeeque.V.P.
- Party Age
- 34
- Relation
- S/o Basheer
- Party Role
- Defendant
- Party Name
- Noushad.C.
- Party Age
- 37
- Relation
- S/o Mohammed
Plaintiffs Documents
Loan Application, Loan sanction letter, Agreement relating to Term Loan, Deed of Hypothecation of Movable Plant and Machinery, Balance Confirmation Letters, Copy of Lawyer Notice.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. C.M.Venugopalan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Sreekala.K.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Vinida.P.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are ordered to pay a sum of ₹3,43,481/- to the plaintiff.
Evidence:
In the result, the suit is decreed with costs as follows:- (a) The defendants do pay sum of ₹ 3,43,481/- (Rupees Three Lakh forty three thousand four hundred and eighty one only) to the plaintiff with an interest @ 14.10% p.a from the date of the institution of the suit till the date of decree.
Relief Type:
Interest
Outcome:
Granted
Description:
The defendants are to pay interest on the principal amount at the rate of 2% per annum from the date of the decree till its realization.
Evidence:
(b) The defendants do pay thereafter an interest at the rate of 2% per annum on the principal amount from the date of the decree till its realization.
Relief Type:
Costs
Outcome:
Granted
Description:
The defendants are ordered to pay costs to the plaintiff.
Evidence:
(c) Costs shall follow the event. Hence the defendants do pay costs to the plaintiff.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The document shows that the defendants applied for a loan of Rs.5,36,000/-.
Reference:
Ext.A1
Document Type:
Loan Sanction Letter
Submitted By:
Plaintiff
Relevance:
This letter confirms the sanction of the loan amount.
Reference:
Ext.A2
Document Type:
Deed of Hypothecation of Movable Plant and Machinery
Submitted By:
Plaintiff
Relevance:
These documents are the deeds executed by the defendants for securing the term loan.
Reference:
Ext.A3 to A5
Document Type:
Balance Confirmation Letter
Submitted By:
Plaintiff
Relevance:
These letters confirm the balance amounts due in the loan account.
Reference:
Ext.A6 & A7
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This document evidences the notice sent to the defendants demanding repayment.
Reference:
Ext.A8
Document Type:
True Copy of Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document provides a certified extract of the accounts relating to the loan.
Reference:
Ext.A9
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Case Code
Case between UCO Bank vs M/s Solution Computer Centre, Mohammed Rafeeque.V.P., Noushad.C. regarding realisation of money.
Case Code Year
Case between UCO Bank vs M/s Solution Computer Centre, Mohammed Rafeeque.V.P., Noushad.C. regarding realisation of money.