Case Summary
The plaintiff, Union Bank of India, seeks to recover a loan amount from the defendants, Sandra Sabu, Sabu N S, and Kumari Sabu, who failed to repay the educational loan taken for study. The court determined that the defendants are liable for the owed amount with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant hereby directed to pay an amount of Rs. 5,82,600/- to the plaintiff with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The unchallenged evidence of the plaintiff and the documents presented established the liability of the defendants towards the plaintiff's claims for recovery of the loan amount.
The unchallenged evidence of the plaintiff and the documents presented established the liability of the defendants towards the plaintiff's claims for recovery of the loan amount.
Judgment Evidence:
In the result, suit decreed with costs as follows: The defendant hereby directed to pay an amount of Rs. 5,82,600/- to the plaintiff and together with interest on the principal amount of Rs. 3,60,000/- at the rate of 9% per annum from the date of suit till the date of decree.
Parties Involved
Plaintiffs
Union Bank of India (Age not specified years)
Neelangal Building, Arackappady Junction, Vengola P. O., Vengola Kara, Arackappady Village, Kunnathunad Taluk, Pin- 683556.
Defendants
Sandra Sabu (27 years)
Nedumparambath House, Allapra P. O., Vengola Kara, Vengola Village, Kunnathunadu Taluk, Pin-683556.
Sabu N S (60 years)
Nedumparambath House, Allapra P. O., Vengola Kara, Vengola Village, Kunnathunadu Taluk, Pin- 683556.
Kumari Sabu (56 years)
Nedumparambath House, Allapra P. O., Vengola Kara, Vengola Village, Kunnathunadu Taluk, Pin- 683556.
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant was directed to pay the amount due to the plaintiff.
Evidence:
In the result, suit decreed with costs as follows: The defendant hereby directed to pay an amount of Rs. 5,82,600/- to the plaintiff.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document evidencing the loan agreement for Rs. 3,60,000/-.
Reference:
Ext.A1
Document Type:
Letter of Continuity
Submitted By:
Plaintiff
Relevance:
Document outlining the continuity of the loan terms.
Reference:
Ext.A2
Document Type:
Educational Loan Agreement
Submitted By:
Plaintiff
Relevance:
Agreement specifying the terms of the educational loan.
Reference:
Ext.A3
Document Type:
Letter of Undertaking from Borrower
Submitted By:
Plaintiff
Relevance:
Document ensuring the borrower's commitment to the loan.
Reference:
Ext.A4
Document Type:
Educational Loan Guarantee
Submitted By:
Plaintiff
Relevance:
Guarantee agreement related to the educational loan.
Reference:
Ext.A5
Document Type:
Debit Balance Confirmation Statement
Submitted By:
Plaintiff
Relevance:
Confirmation of the outstanding loan balance as of 3/07/2017.
Reference:
Ext.A6
Document Type:
Debit Balance Confirmation Statement
Submitted By:
Plaintiff
Relevance:
Confirmation of the outstanding loan balance as of 8/06/2020.
Reference:
Ext.A7
Document Type:
Debit Balance Confirmation Statement
Submitted By:
Plaintiff
Relevance:
Confirmation of the outstanding loan balance as of 28/09/2022.
Reference:
Ext.A8
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Document summarizing the account transactions from 18/09/2014 to 23/08/2024.
Reference:
Ext.A9
Document Type:
Office copy of legal notice
Submitted By:
Plaintiff
Relevance:
Notice issued to demand repayment of the loan amount.
Reference:
Ext.A10
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
Receipts related to the postal notice sent.
Reference:
Ext.A11
Document Type:
A/d Cards
Submitted By:
Plaintiff
Relevance:
Acknowledgments submitted in relation to notices sent.
Reference:
Ext.A12