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
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.
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
Plaintiffs
M/s PNY Sabha Finance Limited (Age not specified years)
Perumbavoor Branch, Perumbavoor P.O., Anthikkad, Thrissur District
Defendants
Muhammed Ashik V.M. (26 years)
Vattathara, Marampilly P.O., Vazhakulam Village, Kunnathunadu Taluk, Ernakulam District
Mahinkutty V.B. (55 years)
Vattathara, Marampilly P.O., Vazhakulam Village, Kunnathunadu Taluk, Ernakulam District
Abdul Rahman V.M. (56 years)
velliringayil, Mullankunnu Road, Marampilly P.O., Vazhakulam Village, Kunnathunadu Taluk, Ernakulam District
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