Case Summary
The Syndicate Bank filed a suit against Manikandan. T seeking recovery of a loan amount due to default in repayments.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of loan amount with interest and costs
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Judgment Evidence:
The suit is decreed as follows:-1. The plaintiff is allowed to realise an amount of Rs.2,89,762/- (Rupees Two Lakhs Eighty Nine Thousand Seven Hundred and Sixty Two only) with interest at the rate of 16.5% per annum from the date of suit till realisation from the defendant and his assets. 2. Plaintiff is entitled to realise the costs of the suits from the defendant.
Parties Involved
Plaintiffs
Syndicate Bank (Age not specified years)
Senior Manager, Tirur Branch
Defendants
Manikandan. T (Age not specified years)
Theyyassamcherry House, Purathur Post, Purathur amsom desom, Tirur Taluk, Malappuram District, Pin: 676 102
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Recovery of loan amount with interest and costs
Evidence:
The suit is decreed as follows:-1. The plaintiff is allowed to realise an amount of Rs.2,89,762/- (Rupees Two Lakhs Eighty Nine Thousand Seven Hundred and Sixty Two only) with interest at the rate of 16.5% per annum from the date of suit till realisation from the defendant and his assets. 2. Plaintiff is entitled to realise the costs of the suits from the defendant.
Documents & Evidence
Document Type:
Application of Advance to Professionals and Self Employed Persons
Submitted By:
Plaintiff
Relevance:
Loan application submitted by the defendant.
Reference:
Ext.A1
Document Type:
Guarantee Agreement
Submitted By:
Plaintiff
Relevance:
Composite Hypothecation Agreement executed by the defendant.
Reference:
Ext.A2
Document Type:
Receipt
Submitted By:
Plaintiff
Relevance:
Receipt for Rs.85,572/-
Reference:
Ext.A3
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt executed by the defendant on 26.9.2009.
Reference:
Ext.A4
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Acknowledgment of debt executed by the defendant on 7.12.2011.
Reference:
Ext.A5
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Statement of accounts showing Rs.2,89,762/- due from the defendant.
Reference:
Ext.A6