Case Summary
Union Bank of India filed a suit against Muneeru Rahiman for the recovery of a loan amount. The defendant defaulted on the repayment of three gold loans amounting to Rs. 14,65,000/-.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
An amount of Rs.14,65,000/- with interest and costs.
Case Type
Commercial Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, directing the defendant to pay Rs. 14,65,000/- along with interest.
Why Plaintiff Won:
The defendant defaulted on the repayment of loans and had committed fraud by pledging spurious gold.
The defendant defaulted on the repayment of loans and had committed fraud by pledging spurious gold.
Losing Side's Weaknesses:
The defendant defaulted on the repayment of loans and had committed fraud by pledging spurious gold.
The defendant defaulted on the repayment of loans and had committed fraud by pledging spurious gold.
Supporting Evidence
The unchallenged oral testimony of PW1 very well goes to show that the defendant availed three gold loans worth Rs. 4,78,000/-, 4,94,000/-, 4,93,000/- respectively on 30.10.2020 from the plaintiff bank and defaulted repayment.
Judgment Evidence:
In the result, the suit is decreed as follows: 1. Defendant is directed to pay an amount of Rs.14,65,000/- (Rupees fourteen lakh sixty five thousand only) to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Union Bank of India
- Party Role
- Defendant
- Party Name
- Muneeru Rahiman
- Party Age
- 42
- Relation
- S/o
Plaintiffs Documents
Application for advances against gold ornaments for Rs. 478000/-, Rs. 494000/-, Rs. 493000/-; Statement of accounts.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. M.Sanjeevan
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. Mintoob Chand
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant is directed to pay an outstanding amount of Rs.14,65,000/- to the plaintiff.
Evidence:
Accordingly, the suit is liable to be decreed directing the defendant to pay the outstanding amount.
Relief Type:
Interest
Outcome:
Granted
Description:
The plaintiff is entitled to interest at the rate of 6% per annum from the date of the suit until realization of the decree.
Evidence:
The plaintiff will be entitled for interest at the rate of 6% per annum from the date of the suit till realization of the decree.
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled for costs of the suit.
Evidence:
The plaintiff will be entitled for costs of the suit.
Documents & Evidence
Document Type:
Application for advances against gold ornaments
Submitted By:
Plaintiff
Relevance:
These documents detail the applications made by the defendant for gold loans which were sanctioned by the plaintiff bank.
Reference:
Ext.A1, Ext.A2, Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
These statements provide a record of the account details for the loans taken by the defendant.
Reference:
Ext.A4, Ext.A5, Ext.A6
Document Type:
Oral Evidence
Submitted By:
Unknown
Relevance:
The oral testimony of PW1 supports the claims made by the plaintiff regarding loan defaults by the defendant.
Reference:
Case Classification
Case Type
Commercial Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Commercial Court Kozhikode
Common Reasons
Non-payment of rent
Case Code
Case between Union Bank of India vs Muneeru Rahiman regarding recovery of loan amount
Case Code Year
Case between Union Bank of India vs Muneeru Rahiman regarding recovery of loan amount