Case Summary
The plaintiff, M/s. Matrix Finbiz Pvt. Ltd, is seeking to recover a loan amount from the defendants who defaulted on the payments. The defendants, including Nishamol E M and others, dispute the claim citing various reasons including hardships faced due to natural calamities.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendants are directed to pay the amount of Rs. 1,58,900/- along with 9% interest per annum from the date of suit till the date of decree.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff successfully proved the execution of the loan agreement and the defendants' default in payments.
The plaintiff successfully proved the execution of the loan agreement and the defendants' default in payments.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The defendants are hereby directed to pay the amount of Rs. 1,58,900/- along with 9% interest per annum from the date of suit till the date of decree and with future interest at the rate of 6% per annum, till realisation.
Parties Involved
Plaintiffs
M/s. Matrix Finbiz Pvt. Ltd (Age not specified years)
PMC XVII/419C, 1st Floor, Mattamana Buildings, Perumbavoor Municipality Perumbavoor
Defendants
Nishamol E M (32 years)
Athikkattu House, Mulavoor P O, Mulavoor Kara, Mulavoor Village, Muvattupuzha Taluk, Pin: 686673
Beenamol K (52 years)
Kizhakkeparambil House, Kalamboor Kara, Eananalloor P O, Eananalloor Village, Muvattupuzha Taluk, Pin: 686673
Abduljaleel E M (28 years)
Eathiyil House, Chembarakki Kara, South Vazhakkulam P O, Vazhakkulam Village, Kunnathunad Taluk – 683105
Bilal A M (35 years)
Athikkattu House, Mulavoor P O, Mulavoor Kara, Mulavoor Village, Muvattupuzha Taluk Pin: 686673
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of the outstanding loan amount.
Evidence:
The defendants are hereby directed to pay the amount of Rs. 1,58,900/- along with 9% interest per annum from the date of suit till the date of decree.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff sought costs of the suit.
Evidence:
Since the plaintiff has succeeded in proving its claim, it is entitled to costs as per law.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
This document was essential to establish the loan agreement and the defendants' obligations.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
This document outlines the terms of the loan including the amount and interest rate.
Reference:
Ext.A2
Document Type:
Office copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
This document was used to show that statutory notices were issued to the defendants.
Reference:
Ext.A3
Document Type:
Resolution Extract
Submitted By:
Plaintiff
Relevance:
These documents were used to show that the Manager was authorized to represent the company.
Reference:
Ext.A5, A6
Document Type:
Copy of Non-banking Certificate of Registration
Submitted By:
Plaintiff
Relevance:
This document was relevant to establish the plaintiff's legal standing as a non-banking financial institution.
Reference:
Ext.A7
Document Type:
Copy of personal ledger
Submitted By:
Plaintiff
Relevance:
This document provides details of the payments made and outstanding amounts.
Reference:
Ext.A8