Case Summary
UCO Bank has filed a suit against Vaishnavy Balakrishnan and others for the recovery of a loan amount. The defendants failed to repay the loan as agreed, leading to this legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay to the plaintiff, an amount of ₹502103.22/- with interest at the rate of 6% per annum from the date of institution of the suit.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The case of the plaintiff stands proved based on the uncontested evidence.
The case of the plaintiff stands proved based on the uncontested evidence.
Judgment Evidence:
In the result, the suit is decreed as follows: The defendants are directed to pay to the plaintiff, an amount of ₹502103.22/- with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation from the defendants or from assets of defendants.
Parties Involved
Plaintiffs
UCO Bank (Age not specified years)
Vyttila Brach, Midland Arcade, Chilavannoor Road, Vyttila, Kadavanthra, Ernakulam, Pin - 682 020
Defendants
Vaishnavy Balakrishnan (24 years)
2A, Silver Glades, Water Front Road, Elamkulam, Kadavanthra P.O, Ernakulam District, Pin - 682 020
Balakrishnan R (52 years)
2 A, Silver Glades, Water Front Road, Elamkulam, Kadavanthra P.O, Ernakulam District, Pin - 682 020
Lakshmi R. Menon (47 years)
2 A, Silver Glades, Water Front Road, Elamkulam, Kadavanthra P.O, Ernakulam District, Pin - 682 020
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay to the plaintiff an amount of ₹502103.22/- with interest.
Evidence:
The defendants are directed to pay to the plaintiff, an amount of ₹502103.22/- with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to the costs of the suit from the defendants.
Evidence:
Considering the nature of the suit and circumstances surrounding the suit, the plaintiff is entitled to the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Sanction of Credit facility under UCO Education Scheme
Submitted By:
Plaintiff
Relevance:
This document supports the plaintiff's claim for the loan taken by the defendants.
Reference:
Ext.A1
Document Type:
Agreement for Education Loan
Submitted By:
Plaintiff
Relevance:
This document outlines the terms of the loan agreement between the plaintiff and defendants.
Reference:
Ext.A2
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
This document serves as a guarantee for the loan provided to the defendants.
Reference:
Ext.A3
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
This document is an acknowledgment of the loan taken by the defendants.
Reference:
Ext.A4
Document Type:
Computer print out of Statement of Account
Submitted By:
Plaintiff
Relevance:
This document details the transactions and outstanding amount on the defendants' loan.
Reference:
Ext.A5
Document Type:
Computer print out of Calculation Statement of interest
Submitted By:
Plaintiff
Relevance:
This document calculates the interest owed by the defendants on the loan amount.
Reference:
Ext.A6