Case Summary
Union Bank of India filed a suit against Shyni K for the recovery of a loan amount due to defaults in repayment. The defendant failed to appear in court, resulting in an ex parte judgment against her.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant shall pay Rs.5,53,332.29 along with interest @8.55% per annum from the date of suit till the date of payment.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff established a case with unchallenged documents proving the debt owed.
Plaintiff established a case with unchallenged documents proving the debt owed.
Judgment Evidence:
In the result, suit is decreed as follows: 1) Defendant shall pay Rs.5,53,332.29/- along with interest @8.55% per annum...
Parties Involved
Plaintiffs
Union Bank of India (Age not specified years)
Head Office at 239, Vidhan Bhavan Marg, Nariman Point, Mumbai; Regional Office at Union Bank Bhavan, Ernakulam- 682031; Branch at Chakkaraparambu, Ponnurunni Road- East, Vyttila Post, Ernakulam
Defendants
Shyni K (Age not specified years)
Proprietor Sea Queen Enterprises, TEE Media, Tee Media Business Hub, P K Nair Road, Samskara Junction, Palarivattom, Ernakulam
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant is directed to pay Rs.5,53,332.29/- along with interest.
Evidence:
In the result, suit is decreed as follows: Defendant shall pay Rs.5,53,332.29/- along with interest @8.55% per annum from the date of suit till the date of payment or realization, as the case may be, to plaintiff.
Relief Type:
Other
Outcome:
Granted
Description:
Defendant’s personal liability for the decree debt.
Evidence:
Defendant shall be personally and her assets shall also be liable to satisfy the decree debt.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize costs of the suit.
Evidence:
Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Shows that the defendant submitted application for loan of Rs.4,00,000/- to start a home appliance trading.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Shows that on 20.05.2017, the plaintiff bank sanctioned Term loan to defendant.
Reference:
Ext.A2
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Documents the defendant's commitment to repay the loan.
Reference:
Ext.A3
Document Type:
Letter of Continuity
Submitted By:
Plaintiff
Relevance:
Establishes the continuity of the loan agreement.
Reference:
Ext.A4
Document Type:
Term loan agreement
Submitted By:
Plaintiff
Relevance:
Formal agreement outlining the terms of the loan.
Reference:
Ext.A5
Document Type:
Interest Agreement
Submitted By:
Plaintiff
Relevance:
Details the interest terms applicable to the loan.
Reference:
Ext.A6
Document Type:
Letter
Submitted By:
Plaintiff
Relevance:
Correspondence regarding overdue payments.
Reference:
Ext.A7
Document Type:
Debit Balance confirmation
Submitted By:
Plaintiff
Relevance:
Confirms the defendant's acknowledgment of the outstanding loan amount.
Reference:
Ext.A8
Document Type:
Application for Restructuring
Submitted By:
Plaintiff
Relevance:
Documents the defendant's request to restructure the loan.
Reference:
Ext.A9
Document Type:
Acceptance letter
Submitted By:
Plaintiff
Relevance:
Confirms acceptance of the loan restructuring agreement.
Reference:
Ext.A10
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Another promissory note from the defendant for the restructured loan.
Reference:
Ext.A11
Document Type:
Letter of Continuity
Submitted By:
Plaintiff
Relevance:
Further establishes terms of continuity for the restructured loan.
Reference:
Ext.A12
Document Type:
Copy of Recall Notice
Submitted By:
Plaintiff
Relevance:
Notifies the defendant of loan recall.
Reference:
Ext.A13
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Proof of receipt of communications regarding the loan.
Reference:
Ext.A14
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Formal notice issued to the defendant regarding the debt.
Reference:
Ext.A15
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Further proof of receipt of legal notices.
Reference:
Ext.A16
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Shows the current outstanding balance and interest calculations.
Reference:
Ext.A17