Case Summary
The plaintiff, Canara Bank, is seeking to recover an amount due from the defendants due to non-payment of an educational loan. The defendants defaulted on their loan, leading the bank to file this suit.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of ₹ 53,269/- with interest @ 11.25 % per annum.
Case Type
Civil Suit
Final Judgment
No
The court ruled in favor of the plaintiff, allowing recovery of the due amount from the defendants along with interest. The suit was decreed with costs.
Why Plaintiff Won:
Losing Side's Weaknesses:
Supporting Evidence
The claim of the plaintiff to realize the amount from the defendants stands unchallenged and undisputed.
Judgment Evidence:
In the result, the suit is decreed with costs.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- CANARA BANK, KUTTIADY BRANCH
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- AKHIL . P. T
- Party Age
- 26
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- RAVEENDRAN
- Party Age
- 56
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- CHANDRI
- Party Age
- 52
- Relation
- W/o
Plaintiffs Documents
Education Loan Agreement executed by defendants No. 1 and 2, Guarantee Agreement executed by the defendants No. 1 and 3, Statement of Account of Akhil. P. T.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. P. Sasidharan
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. Vishnu Narayanan
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. V. Lathesh
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff bank is entitled to realize an amount of ₹53,269 along with interest.
Evidence:
Hence, the suit is decreed with costs as follows: The plaintiff is entitled to realize an amount of ₹53,269/- with interest @ 11.25 % per annum, from the date of suit till the date of realization.
Documents & Evidence
Document Type:
Education Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document is the education loan agreement executed by defendants No. 1 and 2 in favor of the plaintiff bank.
Reference:
Ext.A1
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
This document is the guarantee agreement executed by the defendants No. 1 and 3.
Reference:
Ext.A2
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document contains the statement of account of Akhil. P. T issued by Canara Bank, detailing the loan amount and transactions.
Reference:
Ext.A3
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court, Nadapuram
Common Reasons
Non-payment of rent
Case Code
Case between CANARA BANK, KUTTIADY BRANCH vs AKHIL . P. T et al regarding realization of money.
Case Code Year
Case between CANARA BANK, KUTTIADY BRANCH vs AKHIL . P. T et al regarding realization of money.