Case Summary
Canara Bank has filed a suit against M/s Jeetech Solutions for the recovery of outstanding loan amounts. The defendant failed to appear in court, leading to a decision in favor of the plaintiff.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realise total amount of Rs.1,94,280/-, Rs.29,174/-, and Rs.64,368/- 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 suit was decreed in favor of the plaintiff, allowing Canara Bank to recover a total amount from the defendant with interest and costs.
Why Plaintiff Won:
The plaintiff established its case warranting the grant of relief sought for.
The plaintiff established its case warranting the grant of relief sought for.
Losing Side's Weaknesses:
The plaintiff established its case warranting the grant of relief sought for.
The plaintiff established its case warranting the grant of relief sought for.
Supporting Evidence
From the uncontroverted testimony of PW1 and Ext.A1 to A12 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 total amount of Rs.1,94,280/-, Rs.29,174/- and Rs.64,368/- 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 (Erstwhile Syndicate Bank)
- Party Role
- Defendant
- Party Name
- M/s Jeetech Solutions
- Party Age
- 42
- Relation
- D/o
Plaintiffs Documents
Original Composite Hypothecation Agreement, Original Demand Promissory Note, Original Renewal Letter for all Facilities, Original Letter Of Renewal, Original Statement Of Account, Original Agreement Cum Deed Of Hypothecation, Original Supplemental Agreement, Original Take Delivery Letter To DPN, Statement of Account, Original Agreement Cum Deed Of Hypothecation, Original Take Delivery Letter To DPN, Statement of Account
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Prasanth K.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. Sreehari J. S
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought to recover the loan amounts along with interest.
Evidence:
Considering the facts and circumstances of the case, I am of the view that an interest at the rate of 6% per annum for the principal amount from the date of suit till date of realization will serve the ends of justice.
Documents & Evidence
Document Type:
Original composite hypothecation agreement
Submitted By:
Plaintiff
Relevance:
This document was used to support the plaintiff's claim regarding the loan's terms.
Reference:
Ext.A1
Document Type:
Original Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document was relevant in establishing the loan agreement.
Reference:
Ext.A2
Document Type:
Original Renewal Letter for all Facilities
Submitted By:
Plaintiff
Relevance:
This document signifies the renewal of the loan.
Reference:
Ext.A3
Document Type:
Original Letter of renewal
Submitted By:
Plaintiff
Relevance:
This letter was important for understanding the revised loan terms.
Reference:
Ext.A4
Document Type:
Original Statement Of Account
Submitted By:
Plaintiff
Relevance:
This statement shows the outstanding dues related to the loans.
Reference:
Ext.A5
Document Type:
Original agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
This document supported the hypothecation of assets for the loan.
Reference:
Ext.A6
Document Type:
Original supplemental agreement
Submitted By:
Plaintiff
Relevance:
This agreement supplemented the existing loan terms.
Reference:
Ext.A7
Document Type:
Original Take Delivery Letter to DPN
Submitted By:
Plaintiff
Relevance:
This letter relates to the Disbursement of the Promissory Note.
Reference:
Ext.A8
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document details the account statements related to the loans.
Reference:
Ext.A9
Document Type:
Original agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
This document pertains to the hypothecation for another loan.
Reference:
Ext.A10
Document Type:
Original Take Delivery Letter to DPN
Submitted By:
Plaintiff
Relevance:
This letter specifies the delivery terms related to the loan.
Reference:
Ext.A11
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This statement outlines the financial details relevant to the case.
Reference:
Ext.A12
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 M/s Jeetech Solutions regarding realisation of money
Case Code Year
Case between Canara Bank vs M/s Jeetech Solutions regarding realisation of money