Case Summary
M/s. Matrix Finbiz Pvt. Ltd. filed a suit against Elsy Paulose and others for defaulting on a loan repayment. The plaintiff claims the defendants are liable to pay the outstanding loan amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay an amount of ₹.39,430 along with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff established its case through documentary evidence and the oral testimony.
The plaintiff established its case through documentary evidence and the oral testimony.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The defendants are hereby directed to pay an amount of ₹.39,430 (Rupees Thirty-Nine Thousand Four Hundred and Thirty only) to the plaintiff, along with interest at the rate of 12% per annum from the date of the suit till the date of decree, and future interest at the rate of 6% per annum from the date of decree 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 years)
Madassery House, Kizhakkumpuram, N.Paravoor
Rajan A.V (45 years years)
Athikkattu House, Pulluvazhy P.O., Pulluvazhy Kara, Rayamangalam Village
Defendants
Elsy Paulose (48 years years)
Chenganadan House, Kottappady P.O., Muttathupara Kara, Kottappady Village, Kothamangalam Taluk
Siji Viju (41 years years)
Idappulavan House, Kottappady P.O., Muttathupara Kara, Kottappady Village, Kothamangalam Taluk
Viswamohini (49 years years)
Nadukkudy House, Kottappady P.O., Muttathupara Kara, Kottappady Village, Kothamangalam Taluk
Paulose (53 years years)
Chenganadan House, Kottappady P.O., Muttathupara Kara, Kottappady Village, Kothamangalam Taluk
Reliefs
Relief Type:
Damages
Outcome:
Granted
Description:
The plaintiff sought to realize the loan amount plus interest from the defendants.
Evidence:
The defendants are hereby directed to pay an amount of ₹.39,430 (Rupees Thirty-Nine Thousand Four Hundred and Thirty only) to the plaintiff, along with interest at the rate of 12% per annum from the date of the suit till the date of decree, and future interest at the rate of 6% per annum from the date of decree till realization.
Documents & Evidence
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
This document serves as evidence of the loan agreement and the defendants' obligation to repay the loan.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
This is the contract detailing the terms under which the loan was provided.
Reference:
Ext.A2
Document Type:
Office copy of legal notice
Submitted By:
Plaintiff
Relevance:
This document proves that the plaintiff issued a formal demand for repayment to the defendants.
Reference:
Ext.A3
Document Type:
Acknowledgment Cards
Submitted By:
Plaintiff
Relevance:
These cards serve as evidence of the defendants acknowledging receipt, indicating their awareness of the loan.
Reference:
Ext.A4 series
Document Type:
Board Resolution
Submitted By:
Plaintiff
Relevance:
This document authorizes the change of the company name and the legal proceedings initiated against the defendants.
Reference:
Ext.A5
Document Type:
Board Resolution
Submitted By:
Plaintiff
Relevance:
This resolution grants authority to the Assistant Manager to initiate legal proceedings.
Reference:
Ext.A6