Case Summary
M/s. DBFS Finance and Leasing India Ltd. filed a suit against Shibu.K.V. for the realization of an outstanding loan amount. The defendant defaulted on repayment of the loan granted for business, leading to the legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant shall pay Rs.49,296 along with interest
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff established a case with unchallenged evidence of default in repayment.
Plaintiff established a case with unchallenged evidence of default in repayment.
Judgment Evidence:
In the result, suit is decreed as follows: Defendant shall pay Rs.49,296 along with interest @9% per annum from the date of suit till the date of decree and 6% from the date of decree till payment or realization.
Parties Involved
Plaintiffs
M/s. DBFS Finance and Leasing India Ltd. (Age not specified years)
111/947, Smart Centre, Vazhakala, Kochi, Pin – 682 021
Defendants
Shibu.K.V. (42 years)
Aswathy Bhavan, Melamkode, Thiruvanthapuram, Pin – 682 001
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant shall pay Rs.49,296 with interest to plaintiff.
Evidence:
In the result, suit is decreed as follows: 1) Defendant shall pay Rs.49,296 along with interest @9 % per annum from the date of suit till the date of decree and 6% from the date of decree till payment or realization, as the case may be, to plaintiff.
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendant shall be personally and his assets shall also be liable to satisfy the decree debt.
Evidence:
2) Defendant shall be personally and his assets shall also be liable to satisfy the decree debt.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit.
Evidence:
3) Plaintiff is also entitled to realize the costs of the suit.
Documents & Evidence
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
These documents were marked and supported the plaintiff's case for realization of the loan amount due from the defendant.
Reference:
Exts.A1 to A6