Case Summary
K Balaji and Sandyasri Balaji are challenging the validity of a loan agreement with Bajaj Finance Ltd. They claim the agreement is forged and seek a declaration that it is null and void. The court found the suit to be properly valued.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The court found the suit to be properly valued.
The court found the suit to be properly valued.
Judgment Evidence:
In the result, the suit is found to be properly valued. Hence issue is answered in favour of plaintiff.
Parties Involved
Plaintiffs
K Balaji (43 years)
Sri Balaji, Vayaskara Hills, Kacherikadavu, Kottayam – 686001
Sandyasri Balaji (39 years)
Sri Balaji, Vayaskara Hills, Kacherikadavu, Kottayam – 686001
Defendants
Bajaj Finance Ltd. (Age not specified years)
Corporate Office, 4th Floor Bajaj Finserv, Registered Office, Mumbai – Pune Road, Akurdi, Pune, Maharashtra - 411014
Branch Manager, Bajaj Finance Ltd. (Age not specified years)
Branch Office, 3rd Floor, D D Towers, Kaloor – Kadavanthra Road, Kaloor, Cochin- 682017
Reliefs
Relief Type:
Declaration
Outcome:
Granted
Description:
Declaration that the loan agreement and arbitral award are null and void.
Evidence:
Hence satisfied from the above discussion that the court fee is to be computable under S.25(d)(ii) of the Act. Hence, suit is found to be properly valued.
Relief Type:
Injunction
Outcome:
Granted
Description:
Consequential injunction regarding the loan agreement.
Evidence:
The plaintiffs sought for a consequential injunction regarding the loan agreement.
Documents & Evidence
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
The court discussed the validity of the loan agreement dated 29.10.2017 produced before the court.
Reference:
null
Document Type:
Arbitral Award
Submitted By:
Plaintiff
Relevance:
The court evaluated the arbitral award dated 26.04.2009 in the context of the plaintiffs' claims.
Reference:
null