Case Summary
M/s. Shangrilla Financial Services Ltd. is suing the defendants for the repayment of a vehicle loan. The defendants defaulted on the loan amount, leading to the plaintiff seeking legal remedy.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff company is allowed to recover Rs.4,45,929 together with interest.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiff's claims were supported by unrebutted evidence and the loan agreement.
The plaintiff's claims were supported by unrebutted evidence and the loan agreement.
Judgment Evidence:
In the result, suit is decreed as follows: A) The plaintiff company is allowed to recover Rs.4,45,929 together with interest at the rate of 9% per annum from the date of suit till the date of decree...
Parties Involved
Plaintiffs
M/s. Shangrilla Financial Services Ltd. (Age not specified years)
Edappally Branch, Pallippadan Highlights, Opposite St. George Church, Edappally P.O, Kochi 682024
Defendants
Anu Sasidharan (Age not specified years)
Karikkethe House, Thalakode P.O, Mulamthuruthy, Ernakulam 682 314
Kumari Sasidharan (approximately 53 years)
Karikkethe House, Thalakode P.O, Mulamthuruthy, Ernakulam 682314
Praveen P P (Age not specified years)
Elanirakkode House, Nochulli P.O, Kuzhalmannam, Palakkad 678 702
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff company is allowed to recover Rs.4,45,929 with interest.
Evidence:
The plaintiff company is allowed to recover Rs.4,45,929/ (Rupees Four lakhs Forty Five thousand Nine hundred and Twenty Nine only) together with interest at the rate of 9% per annum from the date of suit till the date of decree and thereafter @ 6% per annum from the date of decree till entire realization in full from the defendants and their assets.
Relief Type:
Other
Outcome:
Granted
Description:
The plaintiff company is also entitled to get the costs of the suit from the defendants.
Evidence:
The plaintiff company is also entitled to get the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Application for Vehicle Loan
Submitted By:
Plaintiff
Relevance:
This document shows the request for the vehicle loan made by the defendants to the plaintiff company.
Reference:
Ext.A1
Document Type:
Letter of undertaking
Submitted By:
Plaintiff
Relevance:
This document contains the undertaking by the defendants to repay the loan amount.
Reference:
Ext.A2
Document Type:
Registration Certificate
Submitted By:
Plaintiff
Relevance:
This document serves as evidence of the registration of the car for which the loan was taken.
Reference:
Ext.A3
Document Type:
Statement of account of the vehicle loan
Submitted By:
Plaintiff
Relevance:
This document provides details about the transactions and outstanding amount for the vehicle loan.
Reference:
Ext.A4
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
This document is a notice sent by the plaintiff company to the defendants regarding the overdue payment.
Reference:
Ext.A5
Document Type:
Title deed
Submitted By:
Plaintiff
Relevance:
This document provides security for the loan.
Reference:
Ext.A6
Document Type:
Land Tax Receipt
Submitted By:
Plaintiff
Relevance:
This document supports the claim of security for the loan.
Reference:
Ext.A7