Case Summary
Canara Bank filed a suit against Neethu. L.S for the recovery of a loan amounting to Rs. 5,63,305 due to the bank. The defendant failed to appear in court despite being properly served.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs. 5,27,496.52 with interest at the rate of 11.95% per annum
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, ordering the defendant to pay Rs. 5,27,496.52 along with interest. The plaintiff's unchallenged evidence proved the case.
Why Plaintiff Won:
The plaintiff's unchallenged evidence proved its case, entitling it to the decree.
The plaintiff's unchallenged evidence proved its case, entitling it to the decree.
Losing Side's Weaknesses:
The plaintiff's unchallenged evidence proved its case, entitling it to the decree.
The plaintiff's unchallenged evidence proved its case, entitling it to the decree.
Supporting Evidence
The plaintiff's unchallenged evidence proved its case and it is entitled to a decree to realise the amount from the defendant.
Judgment Evidence:
In the result, the suit is decreed with costs and defendant shall pay an amount of Rs. 5,27,496.52/- (Rupees Five lakhs Twenty Seven thousand Four hundred and Ninety Six and Fifty Two paise only) to the plaintiff with interest at the rate of 11.95% per annum for the principal amount from the date of suit till the date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Defendant
- Party Name
- Neethu. L.S
- Party Age
- 29
- Relation
- W/o
Plaintiffs Documents
Original loan application, Original Agreement Deed of Hypothecation, Original Acknowledgment of Debt and Security, Original Acknowledgment of Debt and Security dated 20.12.2019, Copy of statement of account with certification
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Prasanth .K.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover the amount of Rs. 5,27,496.52/- from the defendant.
Evidence:
The suit is decreed with costs and defendant shall pay an amount of Rs. 5,27,496.52/- (Rupees Five lakhs Twenty Seven thousand Four hundred and Ninety Six and Fifty Two paise only) to the plaintiff with interest at the rate of 11.95% per annum for the principal amount from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original loan application dated 14.07.2014.
Reference:
Ext.A1
Document Type:
Agreement Deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Original Agreement Deed of Hypothecation Agreement dated 16.07.2014.
Reference:
Ext.A2
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Original Acknowledgment of Debt and Security dated 15.07.2017.
Reference:
Ext.A3
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Original Acknowledgment of Debt and Security dated 20.12.2019.
Reference:
Ext.A4
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Copy of statement of account with certification.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Non-payment of rent
Case Code
Case between Canara Bank vs Neethu. L.S regarding realization of money
Case Code Year
Case between Canara Bank vs Neethu. L.S regarding realization of money