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
The court decreed in favor of the plaintiff, ordering the defendant to pay the amount due along with interest. The plaintiff is also entitled to recover costs of the litigation.
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.
Losing Side's Weaknesses:
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.
Supporting Evidence
The unchallenged proof affidavit and documents would satisfactorily prove the plaint claim.
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
Parties
- Party Role
- Plaintiff
- Party Name
- Union Bank of India
- Party Role
- Defendant
- Party Name
- Manojkumar M.R
- Party Age
- 57
- Relation
- S/o
Plaintiffs Documents
Loan Application, Sanction letter, Demand promissory note, Letter of continuity, Term loan Agreement (Hypothecation), General Term loan Agreement, Interest Agreement, Letter issued to the Manager, Plaintiff Bank, Debit Balance confirmation, Copy of the legal notice issued to the defendant, Statement of account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- S.Krishnakumar
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Bertrand Basil
- Appearance Type
- Assisting Counsel
- Party Role
- Defendant
- Advocate Name
- Manoj Vasu
- Appearance Type
- Main Counsel
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
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Non-payment of rent
Case Code
Case between Union Bank of India vs Manojkumar M.R regarding loan recovery
Case Code Year
Case between Union Bank of India vs Manojkumar M.R regarding loan recovery