Case Summary
The plaintiff, Canara Bank, is seeking to recover an outstanding loan amount from the defendants, who are members of a Joint Liability Group. The defendants failed to repay the loan despite repeated requests.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realise an amount of Rs.3,02,499/- together with 6% interest from the date of decree till realisation and cost of the suit.
Case Type
Civil Suit
Final Judgment
No
The court decreed in favor of the plaintiff, allowing recovery of the outstanding loan amount along with interest. The defendants are responsible for the repayment.
Why Plaintiff Won:
The plaintiff bank established its case through uncontroverted testimony and submitted multiple relevant documents.
The plaintiff bank established its case through uncontroverted testimony and submitted multiple relevant documents.
Losing Side's Weaknesses:
The plaintiff bank established its case through uncontroverted testimony and submitted multiple relevant documents.
The plaintiff bank established its case through uncontroverted testimony and submitted multiple relevant documents.
Supporting Evidence
From the uncontroverted testimony of PW1 and Exts.A1 to A7 documents the plaintiff had established his case warranting the grant of relief sought for.
Judgment Evidence:
In the result, the suit decreed with costs: Plaintiff is entitled to realise an amount of Rs.3,02,499/- together with 6% interest from the date of decree till realisation and cost of the suit from the defendants and their assets both movable and immovable.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Canara Bank
- Relation
- represented in this suit by its Manager, Ramesh
- Party Role
- Defendant
- Party Name
- Sathi
- Party Age
- 50
- Relation
- W/o Sasikumar
- Party Role
- Defendant
- Party Name
- Prameela
- Party Age
- 36
- Relation
- Secretary KARUNA JLG
- Party Role
- Defendant
- Party Name
- Shaji
- Party Age
- 42
- Relation
- S/o.Krishnan
- Party Role
- Defendant
- Party Name
- Manju
- Party Age
- 36
- Relation
- W/o Maniyan
- Party Role
- Defendant
- Party Name
- Sunithan
- Party Age
- 40
- Relation
- C/o Devaki
Plaintiffs Documents
A1 29/07/2014 Original Loan Application, A2 29/07/2014 Articles of Agreement, A3 29/07/2014 Agreement Cum Deed of Hypothecation, A4 29/07/2014 Sanction Memorandum, A5 01/04/2019 Copy of legal notice, A6 14/03/2019 Statement of Account, A7 12/07/2017 Acknowledgment of debt and security.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt. N.R.Rajani
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought to recover Rs.3,02,499/- along with interest.
Evidence:
hence the suit decreed with costs: Plaintiff is entitled to realise an amount of Rs.3,02,499/- (Rupees Three lakhs Two Thousand Four Hundred and Ninety Nine only) together with 6% interest from the date of decree till realisation and cost of the suit from the defendants and their assets both movable and immovable.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Original loan application evidencing the loan request.
Reference:
Ext.A1
Document Type:
Articles of agreement
Submitted By:
Plaintiff
Relevance:
Details the agreement terms between the plaintiff bank and defendants.
Reference:
Ext.A2
Document Type:
Agreement cum deed of Hypothecation
Submitted By:
Plaintiff
Relevance:
Legal deed establishing hypothecation of assets for the loan.
Reference:
Ext.A3
Document Type:
Sanction Memorandum
Submitted By:
Plaintiff
Relevance:
Official memorandum of the loan sanctioning.
Reference:
Ext.A4
Document Type:
Legal Notice
Submitted By:
Plaintiff
Relevance:
Copy of the registered lawyer's notice sent to the defendants for recovery.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement showing outstanding dues on the loan.
Reference:
Ext.A6
Document Type:
Acknowledgment of Debt and Security
Submitted By:
Plaintiff
Relevance:
Document acknowledging the debt and security related to the loan.
Reference:
Ext.A7
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 Sathi et al regarding recovery of money.
Case Code Year
Case between Canara Bank vs Sathi et al regarding recovery of money.