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
Why Plaintiff Won:
Plaintiff's claim was substantiated by unchallenged evidence and documentation.
Plaintiff's claim was substantiated by unchallenged evidence and documentation.
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
Plaintiffs
Union Bank of India (Age not specified years)
A.M. Road, Near Govt. Hospital, Perumbavoor P.O., Perumbavoor, Kara, Perumbavoor Village, Pin – 683542
Defendants
Ranjith K.N. (42 years)
Shreyas House, Chelamattam Kara, Okkal P.O., Chelamattam village, Pin- 683550
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