Case Summary
Union Bank of India filed a suit against B Studio Boutique for the recovery of a loan amount. The defendant failed to repay the loan, leading to this legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant is directed to pay ₹4,45,689.48 with interest at the rate of 6% per annum.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The evidence from the plaintiff stood uncontested and supported the claim.
The evidence from the plaintiff stood uncontested and supported the claim.
Judgment Evidence:
In the result, the suit is decreed as follows: I. The defendant is directed to pay to the plaintiff, an amount of ₹4,45,689.48/- with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation from the defendant or from assets of defendant.
Parties Involved
Plaintiffs
Union Bank of India (Age not specified years)
239, Vidhan Bhavan Marg, Nariman Point, Mumbai; Regional Office at Union Bank Bhavan, Ernakulam - 682 031; Panampally Nagar, SBT Avenue, NITA Gelatin Building, Panampilly Nagar, Ernakulam
Defendants
B Studio Boutique Proprietor Ms. Bineetha K Bose (39 years)
Kaippanal House, Kadavoor. P.O. Ernakulam PIN - 686 671.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to recover ₹4,45,689.48 with interest from the defendant.
Evidence:
The defendant is directed to pay to the plaintiff, an amount of ₹4,45,689.48/- with interest at the rate of 6% per annum (simple interest) from the date of institution of the suit, till its realisation from the defendant or from assets of defendant.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff entitled to recover the costs of the suit from the defendant.
Evidence:
Considering the nature of the suit and circumstances surrounding the suit, the plaintiff is entitled to the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Loan Application Form
Submitted By:
Plaintiff
Relevance:
Relevant to establish the loan taken by the defendant.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Establishes the defendant's obligation to repay the loan.
Reference:
Ext.A2
Document Type:
Letter of Continuity
Submitted By:
Plaintiff
Relevance:
Shows the continuation of the loan agreement.
Reference:
Ext.A3
Document Type:
Term loan agreement
Submitted By:
Plaintiff
Relevance:
Defines the terms of the loan provided to the defendant.
Reference:
Ext.A4
Document Type:
Interest Agreement
Submitted By:
Plaintiff
Relevance:
Details the interest terms applicable to the loan.
Reference:
Ext.A5
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
Indicates that a legal notice was sent to the defendant for repayment.
Reference:
Ext.A6
Document Type:
Returned Postal envelope
Submitted By:
Plaintiff
Relevance:
Evidence of attempted communication with the defendant.
Reference:
Ext.A7
Document Type:
Computer print out of Statement of Account for the period from 28.01.2024 to 04.06.2024
Submitted By:
Plaintiff
Relevance:
Shows the financial transactions and outstanding amount owed by the defendant.
Reference:
Ext.A8