Case Summary
The Union Bank of India filed a suit against Anjumol C.P. and others for the recovery of a loan amount. The defendants failed to repay a credit loan sanctioned for educational purposes.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
₹3,59,776.35 with interest at the rate of 14% per annum until realization.
Case Type
Civil Suit
Final Judgment
No
The court ruled in favor of the plaintiff, allowing the recovery of the outstanding amount due from the defendants.
Why Plaintiff Won:
The plaintiff successfully proved the loan agreement and defendants' liability to repay.
The plaintiff successfully proved the loan agreement and defendants' liability to repay.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
The plaintiff succeeded in proving their case against the defendants 1 and 2 and issues are answered accordingly.
Judgment Evidence:
In the result, the suit is decreed as follows: The plaintiff is entitled to realize ₹3,59,776.35/- (Corrected) as on the date of suit, thereafter interest at the rate of 14% per annum for the amount of ₹3,00,000/- till the date of decree and thereafter at the rate of 6% per annum for the amount of ₹3,00,000/- from the date of decree till realization of the amount from the defendants 1 and 2 and their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Union Bank of India
- Party Role
- Defendant
- Party Name
- Anjumol C.P.
- Party Age
- 31
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Purushothaman C.M.
- Party Age
- 59
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Omana Purushothaman
- Party Age
- 58
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Chinjumol C.P.
- Party Age
- 29
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Jinjumol C.P.
- Party Age
- 23
- Relation
- D/o
Plaintiffs Documents
Application form for education loan, Educational loan agreements, Educational loan guarantee letter, Sanction letter, Promissory note, Debit balance confirmation acknowledgments.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Clareness Joseph
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Soni Thomas
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Mathew Jacob
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- K.R. Shaji
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize ₹3,59,776.35 from the defendants.
Evidence:
The plaintiff is entitled to realize ₹3,59,776.35/- as on the date of suit, thereafter interest at the rate of 14% per annum.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to recover the costs of the suit from the defendants.
Evidence:
The plaintiff is also entitled to recover the costs of the suit from the defendants 1 and 2 and their assets.
Documents & Evidence
Document Type:
Application Form for Education Loan
Submitted By:
Plaintiff
Relevance:
To prove the claim of loan application for educational purposes.
Reference:
Ext.A1
Document Type:
Educational loan agreements
Submitted By:
Plaintiff
Relevance:
To establish the terms of the loan and agreement for repayment.
Reference:
Ext.A2
Document Type:
Educational loan guarantee letter
Submitted By:
Plaintiff
Relevance:
To show the guarantee provided by the third defendant.
Reference:
Ext.A3
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
To evidence acceptance of loan terms by defendants.
Reference:
Ext.A4
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
To confirm the defendants' promise to repay the loan.
Reference:
Ext.A5
Document Type:
Debit balance confirmation acknowledgment
Submitted By:
Plaintiff
Relevance:
To acknowledge an outstanding amount admitted by the first defendant.
Reference:
Ext.A6
Document Type:
Debit balance confirmation acknowledgment
Submitted By:
Plaintiff
Relevance:
To acknowledge an outstanding amount acknowledged by the first defendant.
Reference:
Ext.A7
Document Type:
Debit Balance Confirmation letter
Submitted By:
Plaintiff
Relevance:
To document confirmation of the outstanding balance by defendants 1 to 3.
Reference:
Ext.A8
Document Type:
Certified copy of statement of account
Submitted By:
Plaintiff
Relevance:
To show the current outstanding balance as of the suit date.
Reference:
Ext.A9
Document Type:
Lawyer’s Notice
Submitted By:
Plaintiff
Relevance:
To demonstrate that the defendants were formally notified of repayment demands.
Reference:
Ext.A10
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
To verify the sending of the notice to defendants.
Reference:
Ext.A11
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
To confirm receipt of the notice by the defendants.
Reference:
Ext.A12
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kottayam
State
Kerala
Court Establishment
Munsiff Court Kanjirappally
Common Reasons
Non-payment of rent
Case Code
O.S
Case Code Year
2022