Case Summary
The plaintiff, UCO Bank, filed a suit for the recovery of a loan amount against the defendants who are part of a self-help group. The defendants defaulted on the repayment of the loan and the bank sought to recover the outstanding amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realise an amount of Rs.3,40,205.44 with interest at the rate of 10.45% per annum.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, allowing the bank to recover the due amount along with interest. The defendants are ordered to pay the total sum as claimed by the plaintiff.
Why Plaintiff Won:
The evidence presented clearly established that the defendants are indebted to the plaintiff bank.
The evidence presented clearly established that the defendants are indebted to the plaintiff bank.
Losing Side's Weaknesses:
The evidence presented clearly established that the defendants are indebted to the plaintiff bank.
The evidence presented clearly established that the defendants are indebted to the plaintiff bank.
Supporting Evidence
The oral as well as documentary evidence adduced from the side of plaintiff bank clearly established that the defendants are indebted to the plaintiff bank.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The plaintiff is entitled to realise an amount of Rs.3,40,205.44/- with interest at the rate of 10.45% per annum from the date of the suit till the date of decree...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- UCO Bank, Kollam Branch
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Thulasi Swayam Sahaya Sangham
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Sajeena
- Party Age
- 39
- Relation
- W/o Mr. Sharafudeen
- Party Role
- Defendant
- Party Name
- Sreelatha
- Party Age
- 39
- Relation
- D/o Thulaseedharan Pillai
- Party Role
- Defendant
- Party Name
- Vavachi
- Party Age
- 53
- Relation
- W/o Sasi
- Party Role
- Defendant
- Party Name
- Indira
- Party Age
- 53
- Relation
- W/o Chandran
Plaintiffs Documents
A1 11-02-2016 Inter-Se-Agreement, A2 11-02-2016 Term Loan Agreement, A3 20-09-2019 Office copy of Lawyers notice, A4 Series24-09-2019 Postal Receipt, A5 25-09-2019 Certified copy of Statement of accounts
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- K.G.Baiju
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Leena Baiju
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to recover Rs.3,40,205.44 with interest.
Evidence:
The plaintiff is entitled to realise an amount of Rs.3,40,205.44/- (Rupees Three Lakh Forty Thousand Two Hundred and Five and Forty Four paise only) with interest at the rate of 10.45% per annum from the date of the suit till the date of decree.
Relief Type:
Costs
Outcome:
Granted
Description:
Costs awarded to the plaintiff.
Evidence:
Hence, there is no reason to deviate from the rule 'costs shall follow the event.'
Documents & Evidence
Document Type:
Inter-se Agreement
Submitted By:
Plaintiff
Relevance:
Proves the loan agreement and obligations of the defendants.
Reference:
Ext.A1
Document Type:
Term loan agreement
Submitted By:
Plaintiff
Relevance:
Establishes the terms of the loan availed by the defendants.
Reference:
Ext.A2
Document Type:
Office Copy of Lawyer's Notice
Submitted By:
Plaintiff
Relevance:
Demonstrates the attempts made to notify the defendants regarding the overdue payment.
Reference:
Ext.A3
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Confirms the send out of legal notices.
Reference:
Ext.A4
Document Type:
Certified copy of statement of accounts
Submitted By:
Plaintiff
Relevance:
Details the outstanding balance due from the defendants.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kollam
State
Kerala
Court Establishment
Munsiff Court Kollam
Common Reasons
Non-payment of rent
Case Code
Case between UCO Bank vs Thulasi Swayam Sahaya Sangham et al regarding Realisation of Money
Case Code Year
Case between UCO Bank vs Thulasi Swayam Sahaya Sangham et al regarding Realisation of Money