Case Summary
M/s. Matrix Finbiz Pvt. Ltd filed a suit against the defendants for the recovery of a defaulted loan amount. The defendants failed to repay the loan as per the agreed installments.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay Rs. 24,000/- along with 12% interest per annum.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed with costs. The defendants are directed to pay an amount of Rs. 24,000/- along with interest as specified.
Why Plaintiff Won:
The plaintiff provided unchallenged evidence proving the defendants' liability to pay the outstanding loan amount.
The plaintiff provided unchallenged evidence proving the defendants' liability to pay the outstanding loan amount.
Losing Side's Weaknesses:
The plaintiff provided unchallenged evidence proving the defendants' liability to pay the outstanding loan amount.
The plaintiff provided unchallenged evidence proving the defendants' liability to pay the outstanding loan amount.
Supporting Evidence
The unchallenged evidence of PW1 along with the documents marked as Ext.A1 to A7 proves the case of the plaintiff that the defendants are liable to pay the amount due.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The defendants are hereby directed to pay the amount of Rs. 24,000/- along with 12% per annum as interest from the date of suit till the date of decree and with future interest at the rate of 6% per annum, till realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s. Matrix Finbiz Pvt. Ltd
- Relation
- represented by its Manager
- Party Role
- Plaintiff
- Party Name
- Rajan A.U.
- Party Age
- 45
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Dileepkumar P.
- Party Age
- 39
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Vidhyalakshmi P. V.
- Party Age
- 31
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Biju K. G.
- Party Age
- 32
- Relation
- S/o
Plaintiffs Documents
Demand promissory note, Loan Agreement, Office copy of the lawyer notice, Acknowledgment card, Resolutions, Copy of certificate of registration
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Blesson Antony
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- T. V. Eldho
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of the loan amount along with interest.
Evidence:
In the result, the suit is decreed with costs as follows: The defendants are hereby directed to pay the amount of Rs. 24,000/- along with 12% per annum as interest from the date of suit till the date of decree.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Serves as evidence of the loan agreement between the plaintiff and the first defendant.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Defines the terms of the loan, including repayment schedule and interest.
Reference:
Ext.A2
Document Type:
Office copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
Indicates that the plaintiff formally notified the defendants of the outstanding payment.
Reference:
Ext.A3
Document Type:
Acknowledgment card
Submitted By:
Plaintiff
Relevance:
Shows proof of receipt of the notice by the defendants.
Reference:
Ext.A4 series
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
Documents the plaintiff company's resolution regarding the lawsuit.
Reference:
Ext.A5
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
Another resolution concerning the management of the company.
Reference:
Ext.A6
Document Type:
Copy of Certificate of Registration
Submitted By:
Plaintiff
Relevance:
Verifies the legal status of the plaintiff company.
Reference:
Ext.A7
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Kolenchery
Common Reasons
Non-payment of rent
Case Code
Case between M/s. Matrix Finbiz Pvt. Ltd et al vs Dileepkumar P. et al regarding realization of money.
Case Code Year
Case between M/s. Matrix Finbiz Pvt. Ltd et al vs Dileepkumar P. et al regarding realization of money.