Case Summary
The case involves M/s PNY Sabha Finance Limited suing the defendants for repayment of a loan. The defendants defaulted on their loan agreement and failed to repay the said amount despite a legal notice.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay the amount of Rs. 15,339/- along with 12% per annum interest
Case Type
Final Judgment
No
The suit is decreed against the defendants, who are ordered to pay the amount of Rs. 15,339/- along with interest. Failure to comply may lead to further legal consequences.
Why Plaintiff Won:
The plaintiff provided unchallenged evidence and documentation proving the defendants' liability to repay the loan.
The plaintiff provided unchallenged evidence and documentation proving the defendants' liability to repay the loan.
Losing Side's Weaknesses:
The plaintiff provided unchallenged evidence and documentation proving the defendants' liability to repay the loan.
The plaintiff provided unchallenged evidence and documentation proving the defendants' liability to repay the loan.
Supporting Evidence
The unchallenged evidence of PW1, along with the documents marked as Ext.A1 to A6, in the absence of any contra evidence proves the case of the plaintiff, that the defendants are liable to pay the amount due. From the unrebutted evidence adduced by the plaintiff, I hold that plaintiff is entitled to the relief as prayed for.
Judgment Evidence:
In the result, the suit is decreed with costs as follows: The defendants are hereby directed to pay the amount of Rs. 15,339/- along with 12% per annum as interest from the date of suit till the date of decree and with future interest at the rate of 6% per annum, till realization.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s PNY Sabha Finance Limited
- Relation
- represented by
- Party Role
- Defendant
- Party Name
- Muhammed Ashik V.M.
- Party Age
- 26
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Mahinkutty V.B.
- Party Age
- 55
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Abdul Rahman V.M.
- Party Age
- 56
- Relation
- S/o
Plaintiffs Documents
Resolution dated 27.11.2024, Demand promissory note dated 27.02.2023, DP note delivery letter dated 27.02.2023, Memorandum of agreement for loan dated 27.02.2023, Statement of loan account from 28.02.2023 to 10.02.2024, office copy of the lawyer notice dated 06.03.2024
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sureshkumar V.S.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- M.P. Sebastian
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is granted recovery of the amount owed.
Evidence:
I hold that plaintiff is entitled to the relief as prayed for.
Documents & Evidence
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
Resolution dated 27.11.2024 supports the plaintiff's claims.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Demand promissory note dated 27.02.2023 executed by defendants confirms the loan.
Reference:
Ext.A2
Document Type:
DP Note Delivery Letter
Submitted By:
Plaintiff
Relevance:
DP note delivery letter dated 27.02.2023 is related to the loan agreement.
Reference:
Ext.A3
Document Type:
Memorandum of Agreement for Loan
Submitted By:
Plaintiff
Relevance:
Memorandum of agreement for the loan dated 27.02.2023 details repayment terms.
Reference:
Ext.A4
Document Type:
Statement of Loan Account
Submitted By:
Plaintiff
Relevance:
Statement from 28.02.2023 to 10.02.2024 shows outstanding amount due.
Reference:
Ext.A5
Document Type:
Office copy of lawyer notice
Submitted By:
Plaintiff
Relevance:
Office copy of the lawyer notice dated 06.03.2024 shows the legal action taken.
Reference:
Ext.A6
Case Classification
Case Type
Category
Other Civil Cases
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Perumbavoor
Common Reasons
Non-payment of rent
Case Code
Case between M/s PNY Sabha Finance Limited vs Muhammed Ashik V.M. et al regarding realization of money
Case Code Year
Case between M/s PNY Sabha Finance Limited vs Muhammed Ashik V.M. et al regarding realization of money