Case Summary
M/s. Matrix Finbiz Pvt. Ltd. has filed a suit against Jisha Joby and others for the recovery of a loan amount. The defendants defaulted on loan repayments taken for a business loan disbursed in 2017.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are jointly and severally directed to pay the plaintiff a sum of 95,580/- with interest at 12% per annum.
Case Type
Civil Suit
Final Judgment
No
The court ruled in favor of the plaintiff, ordering the defendants to pay the outstanding loan amount with interest. The suit was decreed for the recovery of the amount claimed.
Why Plaintiff Won:
The plaintiff proved that the loan transaction was duly executed and that the defendants defaulted on the repayment.
The plaintiff proved that the loan transaction was duly executed and that the defendants defaulted on the repayment.
Losing Side's Weaknesses:
The plaintiff proved that the loan transaction was duly executed and that the defendants defaulted on the repayment.
The plaintiff proved that the loan transaction was duly executed and that the defendants defaulted on the repayment.
Supporting Evidence
The fact that the plaintiff company is registered under the Companies Act and carries on non-banking financial business is established from the documents on record, and the mere allegation of lack of authority remains unproved.
Judgment Evidence:
In the result, the suit is decreed as follows: The defendants are hereby jointly and severally directed to pay to the plaintiff a sum of 95,580/- (Rupees Ninety-Five Thousand Five Hundred and Eighty only) with interest at 12% per annum from the date of suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s. Matrix Finbiz Pvt. Ltd
- 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
- Jisha Joby
- Party Age
- 37
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Joby U L
- Party Age
- 44
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Salvin Jose
- Party Age
- 37
- Relation
- S/o
Plaintiffs Documents
Demand Promissory Note, Agreement, Office copy of the Lawyer notice
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Belsson Antony
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- T V Eldho
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- V G Sajeev Panicker
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Aneesha Mani
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendants are directed to pay the plaintiff a sum for the outstanding loan amount.
Evidence:
The defendants are hereby jointly and severally directed to pay to the plaintiff a sum of 95,580/- (Rupees Ninety-Five Thousand Five Hundred and Eighty only)...
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff is entitled to realise the cost of the suit from the defendants.
Evidence:
The plaintiff is entitled to realise the cost of the suit from the defendants.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document was essential in proving the loan transaction and the terms of repayment agreed upon by the defendants.
Reference:
Ext.A1
Document Type:
Agreement
Submitted By:
Plaintiff
Relevance:
The agreement outlines the terms of the loan, including the repayment schedule and interest applicable.
Reference:
Ext.A2
Document Type:
Office copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
This notice was sent demanding repayment from the defendants and is critical for establishing that the defendants were informed of their dues.
Reference:
Ext.A3
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
This resolution was relevant to show the authority of the Manager to represent the plaintiff company in legal matters.
Reference:
Ext.A5
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
This document serves to further clarify the authority of the Manager in connection with the transactions.
Reference:
Ext.A6
Document Type:
Copy of personal ledger
Submitted By:
Plaintiff
Relevance:
This ledger document tracks the payments made and the outstanding balance owed by the defendants.
Reference:
Ext.A7
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Perumbavoor
Common Reasons
Recovery of money
Case Code
Case between M/s. Matrix Finbiz Pvt. Ltd vs Jisha Joby et al regarding money recovery
Case Code Year
Case between M/s. Matrix Finbiz Pvt. Ltd vs Jisha Joby et al regarding money recovery
Case Flags
Cheque-Related Case
Nature of Cheque Case
Cheque issued towards legally enforceable debt