Case Summary
Canara Bank filed a suit against Anantha Bhadram JLG and other joint borrowers seeking to recover a loan amount due. The court found that the defendants had failed to repay the loan, classifying it as a non-performing asset.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to recover an amount of ₹1,35,854/- with 6% interest and costs from the defendants.
Case Type
Civil Suit
Final Judgment
No
The court decreed in favor of the plaintiff, ordering the defendants to pay the outstanding loan amount with interest.
Why Plaintiff Won:
The plaintiff provided sufficient evidence that the defendants failed to comply with the loan repayment terms.
The plaintiff provided sufficient evidence that the defendants failed to comply with the loan repayment terms.
Losing Side's Weaknesses:
The plaintiff provided sufficient evidence that the defendants failed to comply with the loan repayment terms.
The plaintiff provided sufficient evidence that the defendants failed to comply with the loan repayment terms.
Supporting Evidence
The oral and documentary evidence adduced by PW1 proves that an amount of ₹1,35,854/- is due from the defendants. The documents produced by the plaintiff show that the defendants are liable to pay this amount.
Judgment Evidence:
In the result; the suit is decreed as follows: (a)The plaintiff is entitled to recover an amount of ₹1,35,854/- (Rupees One Lakh Thirty-Five Thousand Eight Hundred and Fifty-Four only) with 6% interest from the date of the suit until the date of realization from the defendants and their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- represented by its Manager
- Party Role
- Defendant
- Party Name
- Anantha Bhadram JLG
- Relation
- represented by its President
- Party Role
- Defendant
- Party Name
- Anu.I
- Party Age
- 32
- Relation
- W/o Vinukumar.S
- Party Role
- Defendant
- Party Name
- Asha.I
- Party Age
- 36
- Relation
- W/o Jayakanth.P
- Party Role
- Defendant
- Party Name
- Sunitha.S
- Party Age
- 48
- Relation
- W/o Thulasidharan.V.T
- Party Role
- Defendant
- Party Name
- Anju.I
- Party Age
- 28
- Relation
- W/o Johny
Plaintiffs Documents
Original Loan Application dated 24/12/2020, Original Articles of Agreement for financing the self-help group, Bank Statement from 30/12/2020 to 10/10/2024
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.Prasanth.K
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover an amount of ₹1,35,854/- with 6% interest from the date of the suit until the date of realization from the defendants and their assets.
Evidence:
the plaintiff is entitled to recover an amount of ₹1,35,854/- (Rupees One Lakh Thirty-Five Thousand Eight Hundred and Fifty-Four only) with 6% interest from the date of the suit until the date of realization from the defendants and their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is also entitled to recover the costs of this suit from the defendants and their assets.
Evidence:
The plaintiff is also entitled to recover the costs of this suit from the defendants and their assets.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original loan application dated 24/12/2020 submitted by the SHG/JLG and signed by the 2nd and 3rd defendants.
Reference:
Ext.A1
Document Type:
Articles of agreement
Submitted By:
Plaintiff
Relevance:
Original Articles of Agreement for financing the self-help group dated 24/12/2020 signed by the 2nd and 3rd defendants.
Reference:
Ext.A2
Document Type:
Inter-se Agreement
Submitted By:
Plaintiff
Relevance:
Original inter-se agreement executed by defendants 2 to 6.
Reference:
Ext.A3
Document Type:
Bank statement
Submitted By:
Plaintiff
Relevance:
Bank statement for the period from 30/12/2020 to 10/10/2024 certified under the Bankers Books Evidence Act.
Reference:
Ext.A4
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Case Code
OS.NO.
Case Code Year
2024