Case Summary
The plaintiff, Canara Bank, is seeking to recover a loan amount from the defendant, Nanma medicals, which has defaulted on repayment. The case was finalized with the defendants failing to appear in court.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant shall pay an amount of Rs.3,28,862.69 with interest at the rate of 10.90% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed in favor of the plaintiff, ordering the defendant to pay the outstanding loan amount along with interest. The suit was decreed with costs.
Why Plaintiff Won:
The plaintiff's evidence was unchallenged and proved their case.
The plaintiff's evidence was unchallenged and proved their case.
Losing Side's Weaknesses:
The plaintiff's evidence was unchallenged and proved their case.
The plaintiff's evidence was unchallenged and proved their case.
Supporting Evidence
Plaintiff's unchallenged evidence prove its case and it is entitled to a decree to realise the amount from the defendants.
Judgment Evidence:
In the result, the suit is decreed with costs and defendant shall pay an amount of Rs.3,28,862.69/- to the plaintiff with interest at the rate of 10.90% per annum from 08.01.2023 till date of realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Party Role
- Plaintiff
- Party Name
- Jyothis Mohan
- Party Age
- 32
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Nanma medicals
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Hemamalini
- Party Age
- 45
- Relation
- W/o
Plaintiffs Documents
Loan Application dated 15.07.2017, Cash Credit Agreement dated 15.07.2017, Draft Restructuring Agreement dated 20.01.2020, Copy of Statement of Account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.Pradeep.P.S
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Renu.G
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff sought to recover the loan amount due from the defendant.
Evidence:
Hence, the plaintiff is entitled to get a decree as prayed for.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
This document was submitted as evidence to support the loan amount claimed by the plaintiff.
Reference:
Ext.A1
Document Type:
Cash Credit Agreement
Submitted By:
Plaintiff
Relevance:
This document outlines the terms of the cash credit agreement related to the loan.
Reference:
Ext.A2
Document Type:
Draft Restructuring Agreement
Submitted By:
Plaintiff
Relevance:
This document was presented to show the restructuring of the loan agreement.
Reference:
Ext.A3
Document Type:
Copy of statement of account
Submitted By:
Plaintiff
Relevance:
This document provided the financial statement evidencing the default on the loan repayment.
Reference:
Ext.A4
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
OS.NO.
Case Code Year
2023