Case Summary
Indel Money Pvt. Ltd. is a non-banking financial institution that provided a loan to Shareef and others. The defendants failed to repay the loan amount despite repeated demands, leading to the lawsuit for recovery.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realize an amount of Rs. 73,590/- from the defendants along with interest and costs.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in part, allowing the plaintiff to recover Rs. 73,590/- along with interest and costs of the suit from the defendants.
Why Plaintiff Won:
The evidence presented by the plaintiff was uncontroverted and established the claim for money owed.
The evidence presented by the plaintiff was uncontroverted and established the claim for money owed.
Losing Side's Weaknesses:
The evidence presented by the plaintiff was uncontroverted and established the claim for money owed.
The evidence presented by the plaintiff was uncontroverted and established the claim for money owed.
Supporting Evidence
The unrebutted oral testimony of PW1 and Exts. A2 to A4 series established the case as pleaded by the plaintiff.
Judgment Evidence:
In the result, suit is decreed in part as follows; 1. The plaintiff is entitled to realize an amount of Rs.73,590/- from the defendants and from their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Indel Money Pvt. Ltd.
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Shareef
- Party Age
- 54
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Saleena
- Party Age
- 50
- Relation
- D/o
- Party Role
- Defendant
- Party Name
- Saleena
- Party Age
- 47
- Relation
- D/o
Plaintiffs Documents
Original loan agreement dated 02.04.2016, Copy of lawyer's notice dated 18.05.2020, Statement of account.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Saraswathi P.
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize an amount of Rs.73,590/- from the defendants.
Evidence:
The plaintiff is entitled to realize an amount of Rs.73,590/- (Rupees Seventy Three Thousand Five Hundred and Ninety only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize interest @ 12% per annum for the amount due.
Evidence:
The plaintiff is entitled to realize interest @ 12% per annum for Rs.73,590/- (Rupees Seventy Three Thousand Five Hundred and Ninety only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realize interest @ 6% per annum for the amount due.
Evidence:
The plaintiff is entitled to realize interest @ 6% per annum for Rs.73,590/- (Rupees Seventy Three Thousand Five Hundred and Ninety only) from the defendants and from their assets.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff is entitled to realize costs of the suit from the defendants.
Evidence:
The plaintiff is entitled to realize costs of the suit from from the defendants and from their assets.
Documents & Evidence
Document Type:
Original loan agreement
Submitted By:
Plaintiff
Relevance:
Document establishing the loan terms and obligations of the defendants.
Reference:
Ext.A2
Document Type:
Copy of Lawyer's notice
Submitted By:
Plaintiff
Relevance:
Legal notice sent to defendants regarding unpaid loan.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Document showing the financial details related to the loan and payments.
Reference:
Ext.A4
Document Type:
Certification of Exhibits A4
Submitted By:
Plaintiff
Relevance:
Certification supporting the authenticity of the statement of account.
Reference:
Ext.A4(a)
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Recovery of money
Case Code
Case between Indel Money Pvt. Ltd. vs Shareef et al regarding realization of money.
Case Code Year
Case between Indel Money Pvt. Ltd. vs Shareef et al regarding realization of money.