Case Summary
The plaintiff, UCO Bank, filed a suit against the defendants for the recovery of an outstanding educational loan. The defendants defaulted on the repayments, leading the plaintiff to initiate legal action to recover the amount due.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are jointly directed to pay ₹6,60,962/- with interest at 6% per annum.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The evidence adduced by the plaintiff was unchallenged and proved the claim.
The evidence adduced by the plaintiff was unchallenged and proved the claim.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendants are jointly directed to pay to the plaintiff, an amount of ₹6,60,962/- with interest at the rate of 6% per annum from the date of institution of the suit, till its realization from the defendants and their assets.
Parties Involved
Plaintiffs
UCO Bank (Age not specified years)
No. 10, Biplabi Trailokya Maharaj Sarani, Kolkata - 700 001
Defendants
Suma S (28 years)
LIG 522, "Magam", Panampilly Nagar, Kochi- 682 036
P Subbaraj (61 years)
LIG 522, "Magam", Panampilly Nagar, Kochi - 682 036
S. Mallika (56 years)
LIG 522, "Magam", Panampilly Nagar, Kochi - 682 036
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover the amount due from the defendants along with interest.
Evidence:
In the result, the suit is decreed as follows: I.The defendants are jointly directed to pay to the plaintiff, an amount of 6,60,962/- (Rupees six lakhs sixty thousand nine hundred and sixty two only) with interest at the rate of 6% per annum from the date of institution of the suit, till its realisation from the defendants and their assets.
Documents & Evidence
Document Type:
Agreement for Education Loan
Submitted By:
Plaintiff
Relevance:
Document evidencing the loan agreement made between the defendants and the plaintiff.
Reference:
Ext.A1
Document Type:
Sanction Letter of Education Loan
Submitted By:
Plaintiff
Relevance:
Official document providing details of the educational loan sanctioned to the defendants.
Reference:
Ext.A2
Document Type:
Computer print out of Statement of Account
Submitted By:
Plaintiff
Relevance:
Detailed statement showing the transactions and outstanding balance of the loan account.
Reference:
Ext.A3
Document Type:
Statement of Unapplied Interest
Submitted By:
Plaintiff
Relevance:
Document indicating the unapplied interest as of a specific date related to the loan.
Reference:
Ext.A4