Case Summary
Canara Bank has filed a suit against Keerthi Raj for the recovery of an outstanding loan amount of ₹2,81,325/- due to non-repayment. The court delivered its judgment in favor of the plaintiff bank as the defendant did not appear in court.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to recover an amount of ₹2,81,325/- with 6% interest from the date of the suit until the date of realization.
Case Type
Civil Suit
Final Judgment
No
The suit was decreed in favor of the plaintiff, allowing them to recover the due amount along with interest and costs from the defendant.
Why Plaintiff Won:
The evidence presented by the plaintiff proved the outstanding amount due from the defendant.
The evidence presented by the plaintiff proved the outstanding amount due from the defendant.
Losing Side's Weaknesses:
The evidence presented by the plaintiff proved the outstanding amount due from the defendant.
The evidence presented by the plaintiff proved the outstanding amount due from the defendant.
Supporting Evidence
The oral and documentary evidence adduced by PW1 proves that an amount of ₹2,81,325/- is due from the defendant. The documents produced by the plaintiff show that the defendant is 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 ₹2,81,325/- (Rupees Two lakhs Eighty-One thousand Three Hundred and Twenty-Five only) with 6% interest from the date of the suit until the date of realization from the defendant and her assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- represented by its Manager
- Party Role
- Defendant
- Party Name
- Keerthi Raj
- Party Age
- 28
- Relation
- D/o Raj Mohan Nair
Plaintiffs Documents
Original Loan Application form for loans to Micro Small and Medium Enterprises (MSMEs), Original Agreement-cum-Deed of Hypothecation, Original Letter of Undertaking regarding Loans/Advances, Bank statement.
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 ₹2,81,325/- with 6% interest from the date of the suit until the date of realization from the defendant and her assets.
Evidence:
In the result; the suit is decreed as follows: (a) The plaintiff is entitled to recover an amount of ₹2,81,325/- (Rupees Two lakhs Eighty-One thousand Three Hundred and Twenty-Five only) with 6% interest from the date of the suit until the date of realization from the defendant and her assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover the costs of this suit from the defendant and her assets.
Evidence:
(b) The plaintiff is also entitled to recover the costs of this suit from the defendant and her assets.
Documents & Evidence
Document Type:
Loan Application Form
Submitted By:
Plaintiff
Relevance:
The original loan application form for loans to Micro Small and Medium Enterprises (MSMEs) dated 04/01/2020 signed by the defendant.
Reference:
Ext.A1
Document Type:
Agreement-cum-Deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
The original Agreement-cum-Deed of Hypothecation signed by the defendant.
Reference:
Ext.A2
Document Type:
Letter of undertaking regarding loans/advances
Submitted By:
Plaintiff
Relevance:
The original Letter of Undertaking regarding loans/advances dated 04/01/2020 signed by the defendant.
Reference:
Ext.A3
Document Type:
Bank statement
Submitted By:
Plaintiff
Relevance:
The bank statement of the loan account of the defendant for the period from 13/06/2010 to 13/06/2023 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
Non-payment of Loan
Case Code
OS.NO.
Case Code Year
2023