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
The court ruled in favor of UCO Bank, stating that the defendants owe a total amount due to unpaid loans. The defendants are ordered to pay the amount with interest.
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.
Losing Side's Weaknesses:
The case of the plaintiff stands proved based on the uncontested evidence.
The case of the plaintiff stands proved based on the uncontested evidence.
Supporting Evidence
From the uncontested evidence of the PW1, I am of the opinion that the case of the plaintiff stands proved. There is no reason to disbelieve the evidence tendered by PW1.
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
Parties
- Party Role
- Plaintiff
- Party Name
- UCO Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Vaishnavy Balakrishnan
- Party Age
- 24
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Balakrishnan R
- Party Age
- 52
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Lakshmi R. Menon
- Party Age
- 47
- Relation
- W/o
Plaintiffs Documents
Sanction of Credit facility under UCO Education Scheme, Agreement for Education Loan, Guarantee Agreement, Promissory note, Computer print out of Statement of Account for the period from 06.05.2022 to 31.01.2025 with certificate u/s. 2A(a) of the Bankers Book of Evidence Act, Computer print out of Calculation Statement of interest with Certificate u/s. 2A (a) of the Bankers Book of Evidence Act.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- G.G Manoj
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- S. Sarath Prasad
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Madavikutty
- Appearance Type
- Main Counsel
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
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Case Code
Case between UCO Bank vs Vaishnavy Balakrishnan et al regarding money recovery
Case Code Year
Case between UCO Bank vs Vaishnavy Balakrishnan et al regarding money recovery