Case Summary
Bank of Baroda filed a suit against Ranju V.M. for recovery of a loan amount due. The defendant had taken a loan from the bank and defaulted on repayment.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realization of Rs. 76,541.80 from the defendant with interest
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing them to recover the outstanding loan amount along with interest.
Why Plaintiff Won:
The plaintiff proved the loan agreement and default of payment by the defendant.
The plaintiff proved the loan agreement and default of payment by the defendant.
Losing Side's Weaknesses:
The plaintiff proved the loan agreement and default of payment by the defendant.
The plaintiff proved the loan agreement and default of payment by the defendant.
Supporting Evidence
Upon considering the unchallenged oral testimony of PW1 and Ext. A1 to A7, the plaintiff has proved his case before the court and is therefore, entitled to get a decree as he prayed for.
Judgment Evidence:
In the result, the suit is decreed with costs of the plaintiff as follows. The plaintiff is entitled to realize Rs. 76,541.80 from the defendant with 9% interest per annum from the date of suit till the date of decree and thereafter, 6% interest per annum till the date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Bank of Baroda
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Ranju V.M.
- Party Age
- 36
- Relation
- W/o
Plaintiffs Documents
A1 20.10.2015 Loan application, A2 21.10.2015Sanction letter, A3 21.10.2015Loan agreement cum hypothecation deed, A4 24.09.2018letter of acknowledgment of debt, A5 19.08.2020 Office copy of lawyer notice, A6 22.08.2020 Postal receipts, A7 Statement of accounts pertaining to Account No.204706331000024
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Santhosh G. Prahu
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Deepu N.U.
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Aswathy A.
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover Rs. 76,541.80 from the defendant.
Evidence:
In the result, the suit is decreed with costs of the plaintiff as follows. The plaintiff is entitled to realize Rs. 76,541.80 from the defendant with 9% interest per annum from the date of suit till the date of decree and thereafter, 6% interest per annum till the date of realization from the defendant and his assets both movable and immovable.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
The document evidences the defendant's request for a loan.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
The document shows that the loan was sanctioned in favour of the defendant.
Reference:
Ext.A2
Document Type:
Loan agreement cum Hypothecation Deed
Submitted By:
Plaintiff
Relevance:
The document evidences the execution of the loan agreement by the defendant.
Reference:
Ext.A3
Document Type:
Letter of acknowledgment of debt
Submitted By:
Plaintiff
Relevance:
The document shows that the defendant acknowledged the debt in favour of the plaintiff.
Reference:
Ext.A4
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
The document evidences the notice sent to the defendant demanding payment.
Reference:
Ext.A5
Document Type:
Postal Receipts
Submitted By:
Plaintiff
Relevance:
The document shows the receipts of the lawyer notice.
Reference:
Ext.A6
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
The document demonstrates the outstanding amount payable by the defendant.
Reference:
Ext.A7
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Recovery of money
Case Code
Case between Bank of Baroda vs Ranju V.M. regarding realization of money
Case Code Year
Case between Bank of Baroda vs Ranju V.M. regarding realization of money