Case Summary
This case involves Canara Bank suing Shiba Garments and others for defaulting on a loan of Rs.6,69,490.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved the case with cogent and reliable evidence.
The plaintiff proved the case with cogent and reliable evidence.
Judgment Evidence:
null
Parties Involved
Plaintiffs
Canara Bank (Age not specified years)
Defendants
Shiba Garments (Age not specified years)
Tharammal Complex, Near Bus Stand, Tanur
Noushad Ali (40 years)
Veluvil Housed, Keraladheeswarapuram amsom & Post, Tirur Taluk
Saifunnisa.T. (38 years)
Mullamadakal House, Areekad, Ponmundam amsom & Post, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Recovery of Rs. 6,44,173/- with interest @ 11.70% per annum
Evidence:
Defendants are directed to pay an amount of Rs. 6,44,173/- (Rupees Six Lakh Forty Four Thousand One Hundred and Seventy Three only) with interest @ 11.70% per annum from the date of suit till its realization, to the plaintiff.
Relief Type:
Costs
Outcome:
Granted
Description:
Defendants are directed to pay costs of the suit to the plaintiff
Evidence:
Defendants are directed to pay costs of the suit to the plaintiff.
Documents & Evidence
Document Type:
Loan application dated 17.06.2015
Submitted By:
Plaintiff
Relevance:
Loan application submitted by the defendants to the plaintiff bank
Reference:
Ext.A1
Document Type:
Sanction Memorandum dated 17.06.2015
Submitted By:
Plaintiff
Relevance:
Document confirming the loan sanction by the plaintiff bank
Reference:
Ext.A2
Document Type:
Composite Loan Agreement, dated, 17.06.2015
Submitted By:
Plaintiff
Relevance:
Agreement outlining terms of the loan between the defendants and the plaintiff bank
Reference:
Ext.A3
Document Type:
Guarantee Agreement with Guarantee Covering Letter, dated 17.06.2015
Submitted By:
Plaintiff
Relevance:
Agreement providing guarantees for the loan repayment
Reference:
Ext.A4
Document Type:
Guarantee Agreement with Guarantee Covering Letter, dated 17.06.2015
Submitted By:
Plaintiff
Relevance:
Agreement providing additional guarantees for the loan repayment
Reference:
Ext.A5
Document Type:
Copy of registered Lawyer Notice dated 10.01.2018
Submitted By:
Plaintiff
Relevance:
Legal notice sent to the defendants regarding the loan default
Reference:
Ext.A6
Document Type:
Copy of statement of accounts showing the details of the loan transaction
Submitted By:
Plaintiff
Relevance:
Detailed account statement related to the loan transaction
Reference:
Ext.A7