Case Summary
Canara Bank, represented by its Principal Officer, filed a suit against Mathew.P.J for the recovery of a loan amounting to Rs.6,39,491/-. The defendant failed to repay the loan despite several requests and was declared exparte.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of Rs.6,39,491/- with interest at 12.20% per annum from the date of suit till realization.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, allowing them to recover an amount of Rs.6,39,491/- with interest from the defendant.
Why Plaintiff Won:
The unchallenged evidence and documents fully establish the case of the plaintiff.
The unchallenged evidence and documents fully establish the case of the plaintiff.
Losing Side's Weaknesses:
The unchallenged evidence and documents fully establish the case of the plaintiff.
The unchallenged evidence and documents fully establish the case of the plaintiff.
Supporting Evidence
The unchallenged evidence and documents fully establishes the case of plaintiff.
Judgment Evidence:
In the result, suit is decreed with costs as follows: Plaintiff is allowed to realise an amount of Rs.6,39,491/- together with interest at the rate of 12.20% per annum from the date of suit till the date of realisation from the defendant.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Defendant
- Party Name
- Mathew.P.J
- Party Age
- 57
- Relation
- S/o
Plaintiffs Documents
Letter evidencing deposit of title deed, Loan application, Hypothecation agreement, Sanction memorandum, Acknowledgment of debt, Statement of account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P.K. Narayanan
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Asokan Pazhur
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Recovery of an amount of Rs.6,39,491/- along with interest
Evidence:
Suit is decreed with costs as follows: Plaintiff is allowed to realise an amount of Rs.6,39,491/- together with interest at the rate of 12.20% per annum from the date of suit till the date of realisation from the defendant.
Relief Type:
Other
Outcome:
Granted
Description:
Recovery of costs of the suit
Evidence:
Plaintiff is also entitled to recover costs of the suit.
Documents & Evidence
Document Type:
Letter evidencing deposit of title deed
Submitted By:
Plaintiff
Relevance:
Evidences the deposit of title deeds as security for the loan
Reference:
Ext.A1
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Details the loan application submitted by the defendant
Reference:
Ext.A2
Document Type:
Agreement
Submitted By:
Plaintiff
Relevance:
Indicates the agreement for hypothecation of the loan
Reference:
Ext.A3
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Confirms the sanction of the loan amount to the defendant
Reference:
Ext.A4
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Documents acknowledging the debt at different time points
Reference:
Exts.A5 to A7
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Shows the balance outstanding in the loan account
Reference:
Ext.A8
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Contains the acknowledgment of debt from the defendant
Reference:
Ext.A9
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court 2 Kozhikode
Common Reasons
Recovery of money
Case Code
Case between Canara Bank vs Mathew.P.J regarding recovery of money.
Case Code Year
Case between Canara Bank vs Mathew.P.J regarding recovery of money.