Case Summary
Union Bank of India filed a suit against M/s Winglets and its partners for the recovery of a Mudra Loan amounting to Rs. 9,12,945.93. The defendants failed to repay the loan despite multiple demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay Rs. 9,12,945.93 with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unchallenged proof affidavit and documents sufficiently proved the plaintiff's claim.
The unchallenged proof affidavit and documents sufficiently proved the plaintiff's claim.
Judgment Evidence:
In the result, The suit is decreed directing the defendant to pay an amount of Rs.9,12,945.93 (Rupees Nine Lakhs Twelve Thousand Nine Hundred Forty Five and Ninety Three Paise) with 6% interest per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
Union Bank of India (Age not specified years)
239, Vidhan Bhawan Marg, Nariman Point, Mumbai – 400 021
Defendants
M/s Winglets (Age not specified years)
Door no. 44/1781 A5, Old No. 72/1739, Kattayil road, Pottakuzhy, Kaloor P.O, Ernakulam – 682 017
Mary Milna Money (30 years)
1733 (32/176), Edappilly house, Ponayil, Aims Ponekkara P.O, Edappally, Ernakulam – 682 041
Amrutha Money (28 years)
1733 (32/176), Edappilly house, Ponayil, Aims Ponekkara P.O, Edappally, Ernakulam – 682 041
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff seeks recovery of Rs.9,12,945.93 from the defendants.
Evidence:
The suit is decreed directing the defendant to pay an amount of Rs.9,12,945.93.
Relief Type:
Interest
Outcome:
Granted
Description:
Plaintiff is granted 6% interest per annum from the date of suit till the date of decree.
Evidence:
The decree amount from the date of suit till the date of decree.
Relief Type:
Post Decretal Interest
Outcome:
Granted
Description:
Plaintiff is entitled to recover post decretal interest at 6% per annum.
Evidence:
The plaintiff is entitled to recover the decree amount from the defendant with post decretal interest @ 6% per annum.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff is also entitled to the costs.
Evidence:
The plaintiff is also entitled to the costs.
Documents & Evidence
Document Type:
Credit Sanction Advice
Submitted By:
Plaintiff
Relevance:
Details the loan sanctioned to the defendants.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Shows the promise to repay the sanctioned loan amount.
Reference:
Ext.A2
Document Type:
Letter of Continuity
Submitted By:
Plaintiff
Relevance:
Confirms that the promissory note secures repayment of the loan.
Reference:
Ext.A3
Document Type:
Term loan agreement
Submitted By:
Plaintiff
Relevance:
Outlines the terms under which the loan was granted and interest charged.
Reference:
Ext.A4
Document Type:
Interest Agreement
Submitted By:
Plaintiff
Relevance:
Details the interest applicable to the loan.
Reference:
Ext.A5
Document Type:
Letter of undertaking
Submitted By:
Plaintiff
Relevance:
Indicates the borrower's agreement to terms.
Reference:
Ext.A6
Document Type:
Personal guarantee agreement
Submitted By:
Plaintiff
Relevance:
Guarantees repayment of the loan by the individual partners.
Reference:
Ext.A7
Document Type:
Composite debit balance confirmation
Submitted By:
Plaintiff
Relevance:
Confirms the outstanding debits on the loan.
Reference:
Ext.A8
Document Type:
Registered Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Serves as a notice demanding payment of the outstanding loan.
Reference:
Ext.A9
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
Proof of sending the registered notice.
Reference:
Ext.A10
Document Type:
Returned Postal envelope
Submitted By:
Plaintiff
Relevance:
Indicates failure of delivery to the first defendant.
Reference:
Ext.A11
Document Type:
Returned Postal envelope
Submitted By:
Plaintiff
Relevance:
Indicates failure of delivery to the second defendant.
Reference:
Ext.A12
Document Type:
Returned Postal envelope
Submitted By:
Plaintiff
Relevance:
Indicates failure of delivery to the third defendant.
Reference:
Ext.A13
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Shows transaction details related to the loan.
Reference:
Ext.A14
Document Type:
Balance Statement
Submitted By:
Plaintiff
Relevance:
Outlines the total balance outstanding in the loan account.
Reference:
Ext.A15