Case Summary
The plaintiff, M/s. Matrix Finbiz Pvt. Ltd, is seeking to recover a loan amount from the defendants who defaulted on repayments. The defendants have paid only six installments of a loan agreement for Rs. 50,000.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay an amount of Rs. 43,128 with 6% interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided unrebutted evidence of the loan agreement and default on payments.
The plaintiff provided unrebutted evidence of the loan agreement and default on payments.
Judgment Evidence:
In the result, the suit is decreed in part with costs as follows: The defendants are hereby directed to pay an amount of Rs. 43,128/- with 6% interest from the date of the suit till the date of decree till realization to the plaintiff.
Parties Involved
Plaintiffs
M/s. Matrix Finbiz Pvt. Ltd (Age not specified years)
PMC XVII/419C, 1st Floor, Mattamana Buildings, Perumbavoor Municipality, Perumbavoor – 683542
Rajan A U (46 years)
Anthikkattu House, Pulluvazhy P O, Pulluvazhy Kara, Rayamangalam Village.
Defendants
Renju Raju (29 years)
Thalangattil House, Choondakkuzhy Kara, Choondakuzhy P O, Pin: 683 546, Vengoor West Village, Kunnathunadu Taluk.
Ammini Raju (55 years)
Thalangattil House, Choondakkuzhy Kara, Choondakuzhy P O, Vengoor West Village, Kunnathunadu Taluk, Pin: 683546
Sruthy Sivan (28 years)
Kanjukoottam House, Choondakkuzhy Kara, Choondakkuzhy P O, Pin: 683 546, Vengoor West Village, Kunnathunadu Taluk.
Reliefs
Relief Type:
Recovery
Outcome:
Partly Granted
Description:
Plaintiff seeks recovery of loan amount along with interest.
Evidence:
In the result, the suit is decreed in part with costs as follows: The defendants are hereby directed to pay an amount of Rs. 43,128/- with 6% interest from the date of the suit till the date of decree till realisation to the plaintiff.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Used to establish the loan agreement and terms.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Details the conditions and repayment schedule for the loan.
Reference:
Ext.A2
Document Type:
Office copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
Proves the notice sent to defendants for repayment.
Reference:
Ext.A3
Document Type:
A/d Cards
Submitted By:
Plaintiff
Relevance:
Documents related to the loan transaction.
Reference:
Ext.A4 series
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
Shows authorization for the manager to institute the suit.
Reference:
Ext.A5
Document Type:
Copy of Certificate of Registration
Submitted By:
Plaintiff
Relevance:
Confirms the registration of the plaintiff company.
Reference:
Ext.A6