Case Summary
The plaintiff, Canara Bank, is suing the defendant, Ramesh. P, for recovery of a loan amount of Rs. 4,36,743.21. The defendant failed to repay the loan despite several reminders.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realise an amount of Rs. 4,36,743.21 with interest at the rate of 11.65% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed in favor of the plaintiff, allowing the recovery of the outstanding loan amount along with interest.
Why Plaintiff Won:
The plaintiff proved their case through the deposition of PW1 and supporting documents.
The plaintiff proved their case through the deposition of PW1 and supporting documents.
Losing Side's Weaknesses:
The plaintiff proved their case through the deposition of PW1 and supporting documents.
The plaintiff proved their case through the deposition of PW1 and supporting documents.
Supporting Evidence
The oral as well as documentary evidence adduced from the side of plaintiff bank clearly established that the defendant is indebted to the plaintiff bank.
Judgment Evidence:
In the result, the suit is decreed with costs...
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Ramesh. P
Plaintiffs Documents
Loan application, Letter of sanction, Agreement cum deed of hypothecation, Legal notice.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sumith Mohan
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the loan amount along with interest.
Evidence:
Hence the plaintiff is entitled to realise an amount of Rs.4,36,743.21/- (Rupees Four Lakhs Thirty Six Thousand Seven Hundred and Forty Three and Twenty One Paise only) from the defendant and his assets with interest thereon at the rate of 11.65% per annum from the date of the suit till the date of decree...
Relief Type:
Costs
Outcome:
Granted
Description:
The plaintiff is entitled to costs of the suit.
Evidence:
There is no reason to deviate from the rule 'costs shall follow the event'.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Document evidencing the loan application made by the defendant.
Reference:
Ext.A1
Document Type:
Letter of Sanction
Submitted By:
Plaintiff
Relevance:
Document evidencing the sanction of the loan amount to the defendant.
Reference:
Ext.A2
Document Type:
Letter Evidencing Execution of Documents
Submitted By:
Plaintiff
Relevance:
Document showing the execution of necessary loan documents.
Reference:
Ext.A3
Document Type:
Agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Document evidencing the agreement for hypothecation of the loan.
Reference:
Ext.A4
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Document acknowledging the debt and security provided by the defendant.
Reference:
Ext.A5
Document Type:
Original loan application
Submitted By:
Plaintiff
Relevance:
Original application for the additional loan made by the defendant.
Reference:
Ext.A6
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Document evidencing the sanction of the additional loan amount.
Reference:
Ext.A7
Document Type:
Agreement of Hypothecation for Agricultural Loan
Submitted By:
Plaintiff
Relevance:
Document evidencing the agreement for hypothecation for the agricultural loan.
Reference:
Ext.A8
Document Type:
Office copy of demand notice
Submitted By:
Plaintiff
Relevance:
Document evidencing the demand notice sent to the defendant for repayment.
Reference:
Ext.A9
Document Type:
Office copy of demand notice
Submitted By:
Plaintiff
Relevance:
Second document evidencing the demand notice sent to the defendant.
Reference:
Ext.A10
Document Type:
Office copy of legal notice
Submitted By:
Plaintiff
Relevance:
Document evidencing the legal notice sent to the defendant.
Reference:
Ext.A11
Document Type:
Postal receipt
Submitted By:
Plaintiff
Relevance:
Document evidencing the postal receipt related to the legal notice.
Reference:
Ext.A12
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Document showing the statement of account detailing the amount due.
Reference:
Ext.A13
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kollam
State
Kerala
Court Establishment
Munsiff Court Kollam
Common Reasons
Recovery of money
Case Code
Case between Canara Bank vs Ramesh. P regarding recovery of money
Case Code Year
Case between Canara Bank vs Ramesh. P regarding recovery of money