Case Summary
The Punjab National Bank is seeking to recover a loan amount from the defendant, Chandu Chandran, who defaulted on repayment. The court found in favor of the plaintiff after the defendant was absent throughout the proceedings.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is allowed to realise ₹6,66,724.66/- from the defendants and their assets, with interest at the rate of 11.95% per annum and future interest.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing the bank to recover the outstanding loan amount along with interest and costs. The defendant failed to appear in court to contest the claims.
Why Plaintiff Won:
The plaintiff proved the defendant owed the amount due to unchallenged evidence, as the defendant was set ex parte.
The plaintiff proved the defendant owed the amount due to unchallenged evidence, as the defendant was set ex parte.
Losing Side's Weaknesses:
Not available
Not available
Supporting Evidence
After considering the oral and documentary evidence from the side of the plaintiff, it is proved that the defendant owed the amount to the plaintiff as claimed in the suit.
Judgment Evidence:
In the result, suit is decreed with costs as follows: 1.Plaintiff is allowed to realise ₹6,66,724.66/- from the defendants and their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Punjab National Bank
- Party Role
- Defendant
- Party Name
- Chandu Chandran
- Party Age
- 28
- Relation
- S/o
Plaintiffs Documents
Loan Application dated 12/11/2016, Sanction Letter dated 19/11/2016, Hypothecation Agreement dated 19/11/2016, True Extract Ledger Account dated 05/02/2019.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.E.Sulfickar
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to realise ₹6,66,724.66 from the defendants and their assets.
Evidence:
In the result, suit is decreed with costs as follows: 1.Plaintiff is allowed to realise ₹6,66,724.66/- from the defendants and their assets.
Relief Type:
Damages
Outcome:
Granted
Description:
Plaintiff is allowed to realise interest at the rate of 11.95% per annum with monthly rests from 06/02/2019 till the date of decree.
Evidence:
2.Plaintiff is allowed to realise interest at the rate of 11.95% per annum with monthly rests from 06/02/2019 till the date of decree.
Relief Type:
Damages
Outcome:
Granted
Description:
Plaintiff is allowed to realise future interest at the rate of 6% per annum from the date of decree till realisation.
Evidence:
3.Plaintiff is allowed to realise future interest at the rate of 6% per annum from the date of decree till realisation.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is allowed to realise the costs of the suit from the defendants and their assets.
Evidence:
4.Plaintiff is allowed to realise the costs of the suit from the defendants and their assets.
Documents & Evidence
Document Type:
Loan Application
Submitted By:
Plaintiff
Relevance:
Submitted as evidence to show the request for loan facility.
Reference:
Ext.A1
Document Type:
Sanction letter
Submitted By:
Plaintiff
Relevance:
Provided as evidence confirming the terms and approval of the loan.
Reference:
Ext.A2
Document Type:
Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
Demonstrated the security agreement for the loan granted.
Reference:
Ext.A3
Document Type:
True Extract Ledger Account
Submitted By:
Plaintiff
Relevance:
Documented the outstanding amount owed by the defendant.
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
Case between Punjab National Bank vs Chandu Chandran regarding realisation of money
Case Code Year
Case between Punjab National Bank vs Chandu Chandran regarding realisation of money