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
The court decreed the suit in favor of the plaintiff, directing the defendants to pay the outstanding loan amount along with interest. The defendants failed to appear in court.
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.
Losing Side's Weaknesses:
The evidence adduced by the plaintiff was unchallenged and proved the claim.
The evidence adduced by the plaintiff was unchallenged and proved the claim.
Supporting Evidence
The evidence adduced by PW1 stands unchallenged and the plaint claim stands proved.
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
Parties
- Party Role
- Plaintiff
- Party Name
- UCO Bank
- Party Role
- Defendant
- Party Name
- Suma S
- Party Age
- 28
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- P Subbaraj
- Party Age
- 61
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- S. Mallika
- Party Age
- 56
- Relation
- W/o
Plaintiffs Documents
Agreement for Education Loan dated 03.09.2008, Sanction Letter of Education Loan dated 03.09.2008, Computer Print Out of Statement of Account dated 03.09.2008 to 29.06.2018, Statement of Unapplied interest dated 31.05.2018.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Pearson S Fernadez
- Appearance Type
- Main Counsel
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
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 Suma S et al regarding realization of money
Case Code Year
Case between UCO Bank vs Suma S et al regarding realization of money