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
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.
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
Plaintiffs
M/s. Matrix Finbiz Pvt. Ltd (Age not specified years)
PMC XVII/419C, 1st Floor, Mattamana Buildings, Perumbavoor Municipality, Perumbavoor
Rajan A.U. (45 years)
Anthikkattu House, Pulluvazhy P.O., Pulluvazhy Kara, Rayamangalam Village
Defendants
Dileepkumar P. (39 years)
Changalipottall House, Koovappady P.O., Aimury Kara, Koovappady Village
Vidhyalakshmi P. V. (31 years)
Changalipottall House, Koovappady P.O., Aimury Kara, Koovappady Village
Biju K. G. (32 years)
Koonathan House, Thodaparamb Kara, Koovappady Village
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