Case Summary
The plaintiff, M/s. Matrix Finbiz Pvt. Ltd, is seeking the recovery of a loan amount from the defendants who defaulted on repayments. The suit was brought about after repeated demands for payment were ignored by the defendants.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay the amount of Rs. 81,000 along with 12% per annum as interest from the date of the suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The evidence presented by the plaintiff was unchallenged and proved the defendants' liability to repay the loan.
The evidence presented by the plaintiff was unchallenged and proved the defendants' liability to repay the loan.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The defendants are hereby directed to pay the amount of Rs. 81,000/- 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
Manojkumar (40 years)
Madassery House, Kizhakkumpuram, N. Paravoor
Rajan A.U. (45 years)
Anthikkattu House, Pulluvazhy P.O., Pulluvazhy Kara, Rayamangalam Village
Defendants
Ranjitha Nidheesh (34 years)
Pattukudy House, Perumbavoor Kara, Perumbavoor Village, Kunnathunadu Taluk
Anil C. (47 years)
Pathikkamalil House, Kaduval Kara, Perumbavoor Village, Kunnathunadu Taluk
Bindu P.C. (38 years)
Pathikkamalil House, Kaduval Kara, Perumbavoor Village, Kunnathunadu Taluk
Ambika Chellappan (48 years)
Thadathiparambil House, Kaduval Kara, Perumbavoor Village, Kunnathunadu Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay the amount of Rs. 81,000/- along with interest.
Evidence:
The defendants are hereby directed to pay the amount of Rs. 81,000/- 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.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document supports the plaintiff's claim by showing the loan agreement between the plaintiff and the first defendant.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document outlines the terms of the loan availed by the first defendant.
Reference:
Ext.A2
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
This document serves as evidence that a notice was issued to the defendants regarding the loan repayment.
Reference:
Ext.A3
Document Type:
Returned Registered Cover with Acknowledgment Cards
Submitted By:
Plaintiff
Relevance:
These documents provide proof that the notice sent to the defendants was duly received.
Reference:
Ext.A4 series
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
This document signifies the authorization of the manager to initiate the suit.
Reference:
Ext.A5
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
This document further supports the management's decisions related to the case.
Reference:
Ext.A6
Document Type:
Copy of Certificate of Registration
Submitted By:
Plaintiff
Relevance:
This document establishes the legal status of the plaintiff company.
Reference:
Ext.A7