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
The court decreed that the defendants are liable to pay the plaintiff the amount of Rs. 81,000 along with interest, due to their default in repaying the loan.
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.
Losing Side's Weaknesses:
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.
Supporting Evidence
The unchallenged evidence of PW1 along with the documents marked as Ext.A1 to A7, in the absence of any contra evidence 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. 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
Parties
- Party Role
- Plaintiff
- Party Name
- M/s. Matrix Finbiz Pvt. Ltd
- Relation
- represented by its Manager
- Party Role
- Plaintiff
- Party Name
- Manojkumar
- Party Age
- 40
- Relation
- S/o
- Party Role
- Plaintiff
- Party Name
- Rajan A.U.
- Party Age
- 45
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Ranjitha Nidheesh
- Party Age
- 34
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Anil C.
- Party Age
- 47
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Bindu P.C.
- Party Age
- 38
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Ambika Chellappan
- Party Age
- 48
- Relation
- W/o
Plaintiffs Documents
Demand promissory note, Loan agreement, Office copy of lawyer notice, Returned registered cover with acknowledgment cards, Resolution dated 06.07.2018, Resolution dated 10.01.2023, 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:
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
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Kolenchery
Common Reasons
Recovery of money
Case Code
Case between M/s. Matrix Finbiz Pvt. Ltd et al vs Ranjitha Nidheesh et al regarding realization of money
Case Code Year
Case between M/s. Matrix Finbiz Pvt. Ltd et al vs Ranjitha Nidheesh et al regarding realization of money