Case Summary
Canara Bank filed a suit against M/s Meat Hub for the recovery of an outstanding loan amount. The bank claims the defendant defaulted on the loan repayment despite repeated requests.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realise an amount of Rs.1,74,218/- with interest at the rate of 12.25% per annum.
Case Type
Civil Suit
Final Judgment
No
The court ruled in favor of Canara Bank, granting them the amount due along with interest. The defendant was ordered to pay the outstanding loan amount.
Why Plaintiff Won:
The plaintiff provided sufficient evidence to prove the loan was issued, and the defendant failed to repay the amount.
The plaintiff provided sufficient evidence to prove the loan was issued, and the defendant failed to repay the amount.
Losing Side's Weaknesses:
The plaintiff provided sufficient evidence to prove the loan was issued, and the defendant failed to repay the amount.
The plaintiff provided sufficient evidence to prove the loan was issued, and the defendant failed to repay the amount.
Supporting Evidence
From the testimony of PW1 and production of Ext.A1 to A3 documents, the plaintiff had established its case warranting the grant of reliefs sought for.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: 1. Plaintiff is entitled to realise an amount of Rs.1,74,218/- with interest at the rate of 12.25% per annum from the date of suit till the date of decree from the defendant.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- represented by its Manager
- Party Role
- Defendant
- Party Name
- M/s Meat Hub
- Party Age
- 35
- Relation
- represented by its proprietor- Aneesh Krishnan S.R
Plaintiffs Documents
Loan application form, Agreement cum deed of hypothecation, computer print out of statement of accounts.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.Prasanth.K
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri.B. Hareendran
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize an amount of Rs.1,74,218/- along with interest from the defendant.
Evidence:
In the result, the suit is decreed with costs as follows: Plaintiff is entitled to realise an amount of Rs.1,74,218/- (Rupees One lakh seventy four thousand two hundred and eighteen only) with interest at the rate of 12.25% per annum from the date of suit till the date of decree from the defendant.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to the costs of the suit from the defendant.
Evidence:
The Plaintiff is entitled to realize the costs of the suit from the defendant and his assets both movable and immovable.
Documents & Evidence
Document Type:
Loan Application Form
Submitted By:
Plaintiff
Relevance:
Document submitted to support the loan granted to the defendant.
Reference:
Ext.A1
Document Type:
Agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Agreement executed by the defendant in favor of the plaintiff bank as security for the loan.
Reference:
Ext.A2
Document Type:
Computer print out of statement of accounts
Submitted By:
Plaintiff
Relevance:
Document showing the outstanding amount due from the defendant to the plaintiff.
Reference:
Ext.A3
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
O.S.NO.
Case Code Year
2022