Case Summary
The Union Bank of India filed a suit against Sajeena A N for recovery of a defaulted loan amount. The defendant failed to appear and was set ex parte, leading to the bank's claim for the total outstanding amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant shall pay Rs.2,16,500/- along with interest @10.75% per annum from the date of suit till the date of decree and @6% from the date of decree till the date of payment or realization.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established a case supported by documentary evidence that the defendant defaulted on the loan repayment.
The plaintiff established a case supported by documentary evidence that the defendant defaulted on the loan repayment.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendant shall pay Rs.2,16,500/- (Rupees Two lakhs sixteen thousand five hundred only) along with interest @10.75% per annum from the date of suit till the date of decree and @6% from the date of decree till the date of payment or realization, as the case may be, to plaintiff.
Parties Involved
Plaintiffs
Union Bank of India (Age not specified years)
Kuriekkal Towers, Ground Floor, Pookattupady Road, Edappally Toll, Kochi 682 024, Ernakulam District
Defendants
Sajeena A N (40 years years)
Parapurathu House, Vattekunnam Juma Masjid, Edappally, Ernakulam – 682 024
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant shall pay Rs.2,16,500/- along with interest.
Evidence:
In the result, suit is decreed as follows: 1) Defendant shall pay Rs.2,16,500/- (Rupees Two lakhs sixteen thousand five hundred only) along with interest @10.75% per annum from the date of suit till the date of decree and @6% from the date of decree till the date of payment or realization, as the case may be, to plaintiff.
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant's personal liability and asset liability for the decree debt.
Evidence:
2) Defendant shall be personally and her assets shall also be liable to satisfy the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff entitled to realize costs of the suit.
Evidence:
3) Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Credit Sanction
Submitted By:
Plaintiff
Relevance:
Original of the credit sanction dated 15.01.2024.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Demand promissory note executed by the borrower for an amount of Rs.2,00,000/- dated 15.01.2024.
Reference:
Ext.A2
Document Type:
Letter of Continuity
Submitted By:
Plaintiff
Relevance:
Letter of continuity dated 15.01.2024.
Reference:
Ext.A3
Document Type:
General Lien and Set off
Submitted By:
Plaintiff
Relevance:
General lien and set off dated 15.01.2024.
Reference:
Ext.A4
Document Type:
General term loan agreement
Submitted By:
Plaintiff
Relevance:
General term loan agreement.
Reference:
Ext.A5
Document Type:
Interest Agreement
Submitted By:
Plaintiff
Relevance:
Interest agreement dated 15.01.2024.
Reference:
Ext.A6
Document Type:
Letter of Undertaking from Borrower
Submitted By:
Plaintiff
Relevance:
Letter of undertaking from borrower executed dated 15.01.2024.
Reference:
Ext.A7
Document Type:
Letter of Undertaking Not to Alienate Hypothecated Goods
Submitted By:
Plaintiff
Relevance:
Letter of undertaking not to alienate hypothecated goods.
Reference:
Ext.A8
Document Type:
Office copy of legal notice
Submitted By:
Plaintiff
Relevance:
Office copy of the legal notice dated 16.10.2024.
Reference:
Ext.A9
Document Type:
Returned Envelope Containing Legal Notice
Submitted By:
Plaintiff
Relevance:
Original of the returned envelope containing legal notice.
Reference:
Ext.A10
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Statement of accounts with regard to the A/c No.695906050000277 from 15.01.2024 to 31.01.2025 duly certified under Banker’s Book Evidence Act.
Reference:
Ext.A11