Case Summary
Plaintiff company and its manager filed suit against defendants for non-repayment of loan availed by first defendant for his business, resulting in a total due amount of Rs.89,417. Defendants failed to repay despite multiple demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Money recovery with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court directed the defendants to pay Rs.89,417 with 8% interest per annum till realization for failing to repay the loan.
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Losing Side's Weaknesses:
Reason not clearly mentioned
Reason not clearly mentioned
Supporting Evidence
Judgment Evidence:
The suit is decreed as follows: 1. The defendant is here by directed to pay an amount of Rs.89,417/- (Rupees eighty nine thousand four hundred and seventeen only) with interest at the rate of 8% per annum from the date of suit till realization. 2. The defendant shall pay costs of the suit.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s PNY SABHA FINANCE LIMITED
- Party Role
- Plaintiff
- Party Name
- Manager, PNY Sabha Finance Limited
- Party Role
- Defendant
- Party Name
- V.P.Shanmughan
- Party Age
- 53
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- T.N.Jayakumar
- Party Age
- 45
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- K.P.Aboobacker
- Party Age
- 63
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- P.Madhavan
- Party Age
- 59
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Madhavi
- Party Age
- 73
- Relation
- D/o
Plaintiffs Documents
Demand Promissory Note, D.P. note delivery letter, Agreement, Guarantee agreements, Cheque No. 248666
Defendants Documents
Written Statement
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.E.C.Suresh
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Sara.K.P.
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. S.Hariharan
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Plaintiffs awarded Rs.89,417 with 8% interest for non-repayment of loan by defendants.
Evidence:
The defendant is here by directed to pay an amount of Rs.89,417/- (Rupees eighty nine thousand four hundred and seventeen only) with interest at the rate of 8% per annum from the date of suit till realization.
Documents & Evidence
Case Classification
Case Type
Civil Suit - Money Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Case Code
Case between M/s PNY SABHA FINANCE LIMITED et al vs V.P.Shanmughan et al regarding money realization
Case Code Year
Case between M/s PNY SABHA FINANCE LIMITED et al vs V.P.Shanmughan et al regarding money realization