Case Summary
Union Bank of India filed a suit against Manojkumar M.R for the recovery of a loan amount. The defendant acknowledged the debt but failed to repay, leading to legal action by the bank.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant to pay Rs. 2,90,102.38 with interest and costs.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided unchallenged evidence supporting the claim for repayment of the loan.
The plaintiff provided unchallenged evidence supporting the claim for repayment of the loan.
Judgment Evidence:
In the result, The suit is decreed directing the defendants to pay an amount of ₹2,90,102.38 (Rupees Two Lakhs Ninety Thousand One Hundred and Two and Paise Thirty-Eight only), with 9% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
Union Bank of India (Age not specified years)
Head Office, at 239, Vidhan Bhavan Marg, Nariman Pin, Mumbai; Regional Office at Union Bank Bhavan, Ernakulam – 682 031
Defendants
Manojkumar M.R (57 years)
Aswathy house, Nochima, Aluva, Pin – 683 561
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant to pay the amount of Rs. 2,90,102.38 along with interest.
Evidence:
The suit is decreed directing the defendants to pay an amount of ₹2,90,102.38 (Rupees Two Lakhs Ninety Thousand One Hundred and Two and Paise Thirty-Eight only), with 9% interest per annum from the date of suit till the date of decree.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff entitled to the costs of litigation.
Evidence:
The plaintiff is also entitled to the costs of the litigation.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Submitted by the defendant to request financial assistance.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Provided terms and conditions of the loan sanctioned to the defendant.
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document executed by the defendant acknowledging the loan.
Reference:
Ext.A3
Document Type:
Letter of Continuity
Submitted By:
Plaintiff
Relevance:
Part of the security documents for the loan.
Reference:
Ext.A4
Document Type:
Term loan Agreement (Hypothecation)
Submitted By:
Plaintiff
Relevance:
Agreement detailing hypothecation of movables as security for the loan.
Reference:
Ext.A5
Document Type:
General term loan agreement
Submitted By:
Plaintiff
Relevance:
Additional documentation relating to the loan terms.
Reference:
Ext.A6
Document Type:
Interest Agreement
Submitted By:
Plaintiff
Relevance:
Agreement specifying the interest terms for the loan.
Reference:
Ext.A7
Document Type:
Letter issued to the Manager, Plaintiff Bank
Submitted By:
Plaintiff
Relevance:
Document concerning the defendant's request for installment repayments.
Reference:
Ext.A8
Document Type:
Debit Balance confirmation
Submitted By:
Plaintiff
Relevance:
Acknowledgment of indebtedness by the defendant.
Reference:
Ext.A9
Document Type:
Copy of the legal notice issued to the defendant
Submitted By:
Plaintiff
Relevance:
Formal notice demanding repayment of outstanding dues.
Reference:
Ext.A10
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Document reflecting the financial transaction history related to the loan.
Reference:
Ext.A11