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
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.
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
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, North Paravoor
Rajan A U (45 years)
Anthikkattu House, Pulluvazhy P O, Pulluvazhy Kara, Rayamangalam Village
Defendants
Jisha Joby (37 years)
Uthuppan House, Aimury Kara, Elambakappilly P O, Koovappady Village, Kunnathunadu Taluk, Pin – 683 544
Joby U L (44 years)
Uthuppan House, Aimury Kara, Elambakappilly P O, Koovappady Village, Kunnathunadu Taluk, Pin – 683 544
Salvin Jose (37 years)
Uthuppan House, Aimury Kara, Elambakappilly P O, Koovappady Village, Kunnathunadu Taluk, Pin – 683 544
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