Case Summary
Canara Bank filed a suit against Murugan.V for the recovery of a loan amount. The defendant defaulted on loan repayments and failed to appear in court.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is allowed to realise ₹2,28,919/- from the defendant and his assets, along with interest.
Case Type
Civil Suit
Final Judgment
No
The court decreed that the plaintiff is entitled to recover ₹2,28,919/- and interest from the defendant. The defendant was set ex parte due to non-appearance.
Why Plaintiff Won:
The evidence of the plaintiff was unchallenged as the defendant did not appear in court.
The evidence of the plaintiff was unchallenged as the defendant did not appear in court.
Losing Side's Weaknesses:
The evidence of the plaintiff was unchallenged as the defendant did not appear in court.
The evidence of the plaintiff was unchallenged as the defendant did not appear in court.
Supporting Evidence
The evidence of the plaintiff is unchallenged because the defendant was set ex parte and PW1 was not cross-examined.
Judgment Evidence:
In the result, suit is decreed with costs as follows: 1.Plaintiff is allowed to realise ₹2,28,919/- from the defendant and his assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Murugan.V
- Party Age
- 53
- Relation
- S/o
Plaintiffs Documents
Loan application (Ext.A1), Deed of hypothecation (Ext.A2), Sanction memo (Ext.A3), Legal notice (Ext.A4), Acknowledgment of debt (Ext.A5), Statement of account (Ext.A6)
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt.N.R.Rajani
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff to recover ₹2,28,919/- from the defendant.
Evidence:
Plaintiff is allowed to realise ₹2,28,919/- from the defendant and his assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Interest at the rate of 9.70% per annum from the date of suit.
Evidence:
Plaintiff is allowed to realise interest at the rate of 9.70% per annum with monthly rests as on 21/06/2022 till the date of decree.
Relief Type:
Recovery
Outcome:
Granted
Description:
Future interest at the rate of 6% per annum till realisation.
Evidence:
Plaintiff is allowed to realise future interest at the rate of 6% per annum from the date of decree till realisation.
Relief Type:
Recovery
Outcome:
Granted
Description:
Costs of the suit from the defendant.
Evidence:
Plaintiff is allowed to realise the costs of the suit from the defendant and his assets.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Provided evidence of the loan applied by the defendant.
Reference:
Ext.A1
Document Type:
Deed of hypothecation Re: vehicles
Submitted By:
Plaintiff
Relevance:
Established the security for the loan provided to the defendant.
Reference:
Ext.A2
Document Type:
Sanction Memo
Submitted By:
Plaintiff
Relevance:
Showed the approval of the loan amount to the defendant.
Reference:
Ext.A3
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
Indicated the notification sent to the defendant regarding repayment.
Reference:
Ext.A4
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Confirmed acknowledgment of the debt by the defendant.
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Provided a detailed account of payments and outstanding amounts.
Reference:
Ext.A6
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 Murugan.V regarding realisation of money
Case Code Year
Case between Canara Bank vs Murugan.V regarding realisation of money