Case Summary
The plaintiff, Maker Village, entered into a Seed Loan Agreement with the first defendant for a refundable loan, which has not been repaid. The suit was filed for the recovery of the outstanding loan amount and interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of Rs.5,61,000/- with interest from the defendants and from their assets.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The evidence presented by the plaintiff was found unrebutted and established the claim of the plaintiff.
The evidence presented by the plaintiff was found unrebutted and established the claim of the plaintiff.
Judgment Evidence:
In the result, suit is decreed as follows; 1.The plaintiff is entitled to realize an amount of Rs.5,61,000/- (Rupees Five Lakhs Sixty One Thousand only) from the defendants and from their assets.
Parties Involved
Plaintiffs
Maker Village (Age not specified years)
Kerala Technology and Infrastructure Zone, Kinfra Hi Tech Park, Kalamassery, Kochi, Kerala 683 603
Defendants
M/s. V Robotics Innovations Private Limited (Age not specified years)
Pandangode House, Chathamangalam P.O., Nemmara, Palakkad 678508
Mr Satheesh Chandran (Age not specified years)
Padangode House, Chathamangalam P.O, Nemmara, Palakkad, Kerala PIN 678508
Mr. K. Chandran (Age not specified years)
Padangode House, Chathamangalam PO, Nemmara, Palakkad, Kerala PIN 678508
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to realize an amount of Rs.5,61,000/- from the defendants and their assets.
Evidence:
The plaintiff is entitled to realize an amount of Rs.5,61,000/- (Rupees Five Lakhs Sixty One Thousand only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to realize interest @ 12% per annum on Rs.5,61,000/- from the date of suit.
Evidence:
The plaintiff is entitled to realize interest @ 12% per annum for Rs.5,61,000/- (Rupees Five Lakhs Sixty One Thousand only) from the date of suit till date decree from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to realize interest @ 6% per annum on Rs.5,61,000/- from date of decree.
Evidence:
The plaintiff is entitled to realize interest @ 6% per annum for Rs.5,61,000/- (Rupees Five Lakhs Sixty One Thousand only) from date of decree till date of realization from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to realize costs of the suit from defendants.
Evidence:
The plaintiff is entitled to realize costs of the suit from defendants and from their assets.
Documents & Evidence
Document Type:
Authorization letter
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A1
Document Type:
Original seed loan agreement
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A2
Document Type:
Original personal guarantee agreement
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A4
Document Type:
Original certificate of remittance
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A5
Document Type:
Copy of Lawyer's notice
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A6
Document Type:
Copy of Lawyer's notice
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A7
Document Type:
Copy of Lawyer's notice
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A8