Case Summary
Canara Bank filed a suit against Jesu Reegan for the recovery of loan amount outstanding due to breach of a loan agreement. The defendant failed to appear in court, leading to a judgement in favor of the plaintiff.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Rs.3,92,770/- together with interest at the rate of 6% from the date of suit till realisation and cost of the suit
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of Canara Bank, allowing them to recover the outstanding loan amount along with interest. The defendant failed to respond or appear in court.
Why Plaintiff Won:
The plaintiff established its case through uncontroverted testimony and evidentiary documents.
The plaintiff established its case through uncontroverted testimony and evidentiary documents.
Losing Side's Weaknesses:
The plaintiff established its case through uncontroverted testimony and evidentiary documents.
The plaintiff established its case through uncontroverted testimony and evidentiary documents.
Supporting Evidence
From the uncontroverted testimony of PW1 and Exts.A1 to A4 documents the plaintiff had established its case warranting the grant of relief sought for.
Judgment Evidence:
In the result, the suit decreed with costs Plaintiff is entitled to realise an amount of Rs.3,92,770/- together with interest at the rate of 6% from the date of suit till realisation and cost of the suit from the defendant and his assets both movable and immovable.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Jesu Reegan
- Party Age
- 39
- Relation
- S/o
Plaintiffs Documents
Original Application for credit Facilities to Micro and Small Enterprises, Original Composite Hypothecation Agreement, Original Acknowledgment of Debt and Security, Statement of Accounts
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Prasanth K
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff sought to realise the loan amount with interest from the defendant.
Evidence:
It is entitled to a decree to realise the amount from the defendant.
Documents & Evidence
Document Type:
Original Application for credit Facilities to Micro and Small Enterprises
Submitted By:
Plaintiff
Relevance:
This document was used to support the loan sanctioned to the defendant.
Reference:
Ext.A1
Document Type:
Original composite hypothecation agreement
Submitted By:
Plaintiff
Relevance:
This document was part of the loan agreement and demonstrated the conditions of the loan.
Reference:
Ext.A2
Document Type:
Original Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
This document acknowledged the outstanding loan liability.
Reference:
Ext.A3
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This statement provided evidence of the outstanding dues to the plaintiff bank.
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
Recovery of money
Case Code
Case between Canara Bank vs Jesu Reegan regarding realisation of money
Case Code Year
Case between Canara Bank vs Jesu Reegan regarding realisation of money