Case Summary
M/s Bharathy Auto Finance filed a suit against Ubaid for the recovery of a loan amounting to Rs. 25,000 that was not fully repaid. The defendant borrowed the money and failed to pay the remaining balance despite notices from the plaintiff.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Amount of Rs. 22,500 with interest at the rate of 18% per annum and costs of the suit
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved their case with reliable evidence that the defendant borrowed money and failed to repay it.
The plaintiff proved their case with reliable evidence that the defendant borrowed money and failed to repay it.
Judgment Evidence:
In the result, the suit is decreed as follows. 1. Plaintiff is entitled to realise an amount of Rs. 22,500 (Rupees Twenty Two Thousand and Five Hundred only) with interest at the rate of 18 % per annum from the date of suit, till the realization, from the defendant and his assets.
Parties Involved
Plaintiffs
M/s Bharathy Auto Finance (Age not specified years)
1st Floor, Nusrath Complex, Naduvilangadi, Tirur Taluk, Tirur amsom desom, Post Pookkayil
Defendants
Ubaid (40 years)
Channat House, Tirur amsom desom, Post, Pookkayil, Tirur Taluk, Naduvilangadi, PIN 676 107
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to recover an amount of Rs. 22,500 with interest from the defendant.
Evidence:
the plaintiff is entitled to realise an amount of Rs. 22,500/- (Rupees Twenty Two Thousand and Five Hundred only) with interest at the rate of 18 % per annum from the date of suit, till the realization, from the defendant and his assets.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff is entitled to recover the costs of the suit from the defendant.
Evidence:
Plaintiff is entitled to realise the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
This document serves as the basis of the loan agreement between the plaintiff and the defendant.
Reference:
Ext.A1
Document Type:
Notice
Submitted By:
Plaintiff
Relevance:
This notice was issued to the defendant demanding the payment of the balance amount due under the promissory note.
Reference:
Ext.A2
Document Type:
Returned notice
Submitted By:
Plaintiff
Relevance:
This document shows that the notice sent to the defendant was not served.
Reference:
Ext.A3