Final Order 1

Order Details: Ex-parte Judgement
Pdf Text: SUMMARY SUIT NO.1470/2018 1
Received on : 30062018
Registered on : 17122018
Decided on : 10102019
Duration : 00Y 09M 23D
IN THE BOMBAY CITY CIVIL COURT AT MUMBAI
SUMMARY SUIT NO.1470 OF 2018
(CNR NO.: MHCC01007882018)
Corporation Bank
a body corporate constituted under the provision
of the banking Companies (Acquisition & Transfer
of Undertakings) Act, 1980 having their having its
Zonal Office at 28, Mittal Chambers, 2nd Floor,
Nariman Point, Mumbai 400 021 and a Branch
Office amongst others at Corporation Bank, 520,
Mangireesh Building, Ground Floor, L.J Road
Cross, Mahim, Mumbai 400016, represented
through its Manage Mr. Noorul Haque Sheikh ...Plaintiff
Versus
1.Ravi Janardan Puthran Adult, an Indian
Inhabitant, Prop. M/s Sharanya Catering
Services, Having address as D 1, 500,
Harias Dream Park “D”, Behind Ashoka
Hotel, Mira Bhayander Road, Mira Road
(East) 401 107
2.Ankush T. Salunkhe, Adult, an Indian
Inhabitant, having his residential address at
Room No.711, Building No.1B, Koyana
CHS, PMGP Colony, Mankhurd, Mumbai
400 043 ….Defendants
Appearances:
Advocate Mr. Kharawala for the Plaintiff.
Defendants Exparte.
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SUMMARY SUIT NO.1470/2018 2
CORAM : HIS HONOUR JUDGE
SHRI.M.S.LONE
(C.R.NO.28)
DATED : 10th OCTOBER 2019
J U D G M E N T
This is a suit for recovery of Rs.5,92,157/(Rupees Five Lacs
Ninety Two Thousand One Hundred and Fifty Seven only).
2. Plaintiff case in nut shell is that in the month of November 2015
defendant no.1 approached the plaintiff bank for financial assistant. On
09/11/2015 defendant submitted the loan application and other
documents for the loan of Rs. 5,00,000/. The plaintiff bank disbursed
the loan of Rs. 5,00,000/ on 09/11/2015 as defendants have executed
all relevant documents. The said loan was to be repaid in 60 monthly
installment of Rs. 10,909/ together with 11.15% p.a. floating interest.
However the defendants failed to repay the said loan amount. The
defendants are in default of Rs.5,92,157/(Rupees Five Lacs Ninety
Two Thousand One Hundred and Fifty Seven only). Hence, this suit.
3. The defendants were served with summons for appearance but
they remained absent therefore, suit is proceeded exparte against
them.
4. From the material on record following points come for my
determination and my findings with reasons are as follows:
POINTS FINDINGS
1. Whether plaintiff proves that
they had given loan of
Rs.5,00,000/ to defendant no.1?
Yes
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SUMMARY SUIT NO.1470/2018 3
2. Whether plaintiff proves that
amount of Rs.5,92,157/(Rupees
Five Lacs Ninety Two Thousand
One Hundred and Fifty Seven
only) is due and recoverable from
defendants?
Yes
3. Whether plaintiff is entitled for
recovery of Rs.5,92,157/(Rupees
Five Lacs Ninety Two Thousand
One Hundred and Fifty Seven
only) with interest as claimed?
Yes
4. What order and decree? As per final order
REASONS
AS TO POINT NOS.1 TO 4.
5. Since all points are interlinked they are discussed together. To
prove its case plaintiff examined Mr. Noorul Haque Shaikh, Chief
Manager vide Exh.5 and filed copy of power attorney, loan application,
sanction letter, loan agreement, letter of undertaking, guarantee
agreement, hypothecation deed, copy of demand notice, postal receipts,
postal acknowledgements, statement of accounts and IT certificate.
6. Heard Ldcounsel for plaintiff.
7. Affidavit is supported by documentary evidence. The copy of
power attorney, loan application, sanction letter, loan agreement, letter
of undertaking, guarantee agreement, hypothecation deed, copy of
demand notice, postal receipts, postal acknowledgements, statement of
accounts and IT certificate shows that in the month of November 2015
defendant no.1 approached the plaintiff bank for financial assistant. On
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SUMMARY SUIT NO.1470/2018 4
09/11/2015 defendant submitted the loan application and other
documents for the loan of Rs. 5,00,000/. The plaintiff bank disbursed
the loan of Rs. 5,00,000/ on 09/11/2015 as defendants have executed
all relevant documents. The said loan was to be repaid in 60 monthly
installment of Rs. 10,909/ together with 11.15% p.a. floating interest.
However the defendants failed to repay the said loan amount. The
defendants are in default of Rs.5,92,157/(Rupees Five Lacs Ninety
Two Thousand One Hundred and Fifty Seven only). As far as rate of
interest is concerned plaintiff has prayed for interest @ 11.15%p.a. As
the relationship between plaintiff and defendant is contractual and the
agreement of loan states the rate of interest to be of 11.15%p.a. such
rate of interest can be granted. Therefore point No.1 to 3 are answered
as 'Yes' and following order is passed.
ORDER
1. Suit is exparte decreed with costs.
2. Defendants do jointly and severally pay to plaintiff amount of
Rs.5,92,157/(Rupees Five Lacs Ninety Two Thousand One Hundred
and Fifty Seven only) with interest @ 11.15% p.a. from the date of
filing of the suit till full and final realization.
3. Court fee be refunded as per rules.
4. Decree be drawn up accordingly.
(M.S.LONE)
Judge,
Date: 10/10/2019 City Civil Court,Gr. Bombay
Dictated on : 10/10/2019
Transcribed on : 10/10/2019
Signed on : 11/10/2019
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SUMMARY SUIT NO.1470/2018 5
CERTIFIED TO BE TRUE AND CORRECT COPY OF THE ORIGINAL SIGNED
JUDGMENT/ORDER.”
15/10/2019 at 5.50p.m. Mr. A. S. Sugdare
UPLOAD DATE AND TIME NAME OF STENOGRAPHER
Name of the Judge (With Court
Room No.)
HHJ Shri.M.S.Lone
(C.R.NO.28)
Date of pronouncement of
Judgment/Order
10/10/2019
Judgment/Order signed by P.O. on 11/10/2019
Judgment/Order uploaded on 15/10/2019
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