Case Summary
Canara Bank filed a suit against Moideenkutty seeking recovery of a loan amount due for starting a barber shop.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of loan amount with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff bank provided cogent and reliable evidence, and the defendant did not contest the claims.
The plaintiff bank provided cogent and reliable evidence, and the defendant did not contest the claims.
Judgment Evidence:
The suit is decreed as follows: I. The defendant is hereby directed to pay the plaintiff bank an amount of Rs. 2,44,349 /- (Rupees two lakh forty four thousand three hundred and forty-nine only) with future interest at 9% per annum on Rs.2,37,108/- from the date of suit till the date of realization.
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Kuttippuram Branch
Defendants
Moideenkutty (63 years)
Thattottil House, Kadakkassery, Ayankalam, Tavanur amsom, Ponnani Taluk
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Recovery of loan amount with interest
Evidence:
The defendant is directed to pay the plaintiff bank an amount of Rs. 2,44,349 /- with future interest at 9% per annum.
Documents & Evidence
Document Type:
Application for Loans to Micro and Small Enterprises
Submitted By:
Plaintiff
Relevance:
Financial assistance application for the loan for starting a barber shop.
Reference:
A1
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Document showing sanction of the loan facility.
Reference:
A2
Document Type:
Agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Agreement for hypothecation of furniture and accessories purchased for the barber shop.
Reference:
A3
Document Type:
Letter of Undertaking Loan/Advance
Submitted By:
Plaintiff
Relevance:
Letter of undertaking by the defendant.
Reference:
A4
Document Type:
Certified copy of Ledger Extract
Submitted By:
Plaintiff
Relevance:
Certified copy of computerized ledger accounts showing the due amount.
Reference:
A7