Case Summary
Union Bank of India, represented by its Chief Manager, is suing Ranjith K.N. for the recovery of a loan amount of Rs. 2,75,000 with interest. Ranjith defaulted on the repayment after executing the necessary loan agreements.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs. 3,32,200 to the plaintiff together with interest on the principal amount of Rs. 2,75,000 at the rate of 12% per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of Union Bank of India, ordering Ranjith K.N. to pay Rs. 3,32,200 along with interest and costs. The liability of the defendant was proven through unchallenged evidence.
Why Plaintiff Won:
Plaintiff's claim was substantiated by unchallenged evidence and documentation.
Plaintiff's claim was substantiated by unchallenged evidence and documentation.
Losing Side's Weaknesses:
Plaintiff's claim was substantiated by unchallenged evidence and documentation.
Plaintiff's claim was substantiated by unchallenged evidence and documentation.
Supporting Evidence
The evidence tendered by PW1 and the documents produced and marked as Ext. A1 to A9 stands unchallenged. The unchallenged evidence of PW1 and documents marked as Ext. A1 to A9 proves the case of the plaintiff, thereby, the liability of the defendant towards the plaintiff firm stands proved.
Judgment Evidence:
In the result, suit decreed with costs as follows: The defendant is hereby directed to pay an amount of Rs. Rs. 3,32,200/- to the plaintiff and together with interest on the principal amount of Rs. 2,75,000/- at the rate of 12% per annum from the date of suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Union Bank of India
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Ranjith K.N.
- Party Age
- 42
- Relation
- S/o
Plaintiffs Documents
Demand promissory note dated 16/07/2021, Letter of continuity dated 16/07/2021, Term loan agreement dated 16/07/2021, Hypothecation agreement of goods and debts dated 16/07/2021, Letter of general lien and set off dated 16/07/2021, Statement of account from 16/07/2021 to 28/08/2023, Office copy of the lawyer notice dated 07/12/2023, Postal receipt dated 07/12/2023, A/d card submitted on 03.02.2024
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- P. G. Dileepkumar
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- C. R. Deepa
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant is directed to pay an amount to the plaintiff.
Evidence:
The defendant is hereby directed to pay an amount of Rs. Rs. 3,32,200/- to the plaintiff and together with interest on the principal amount of Rs. 2,75,000/- at the rate of 12% per annum from the date of suit till the date of decree.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Proves the loan agreement made by the defendant.
Reference:
Ext.A1
Document Type:
Letter of Continuity
Submitted By:
Plaintiff
Relevance:
Part of the documents executed by the defendant for the loan.
Reference:
Ext.A2
Document Type:
Term loan agreement
Submitted By:
Plaintiff
Relevance:
Details the terms agreed upon for the loan.
Reference:
Ext.A3
Document Type:
Hypothecation Agreement of Goods & Debts
Submitted By:
Plaintiff
Relevance:
Secures the loan with the defendant's goods and debts.
Reference:
Ext.A4
Document Type:
Letter of General Lien and Set Off
Submitted By:
Plaintiff
Relevance:
Establishes the bank's rights over the defendant's assets.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Shows the outstanding amount due from the defendant.
Reference:
Ext.A6
Document Type:
Office copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
Indicates the legal notice issued for repayment.
Reference:
Ext.A7
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Proof of sending the lawyer's notice.
Reference:
Ext.A8
Document Type:
A/d Card
Submitted By:
Plaintiff
Relevance:
Confirms delivery of the lawyer's notice.
Reference:
Ext.A9
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Perumbavoor
Common Reasons
Recovery of money
Case Code
Case between Union Bank of India vs Ranjith K.N. regarding realisation of money.
Case Code Year
Case between Union Bank of India vs Ranjith K.N. regarding realisation of money.