Case Summary
Plaintiff, Muthoot Finance Ltd., filed a suit against the defendant, Shihabudheen, seeking repayment of a loan amount with interest, secured by gold ornaments deposited by the defendant. Defendant failed to repay the loan, leading to legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Money Recovery with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed in favor of the plaintiff, directing the defendant to pay the outstanding loan amount with interest.
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
Not available
Judgment Evidence:
The suit is decreed as follows: I) The defendant is hereby directed to pay the plaintiff an amount of Rs. 9,72,203/- (Rupees nine lakh seventy two thousand two hundred and three only) with interest @ 6% per annum till the date of realisation. ii) The defendant shall pay the costs of the suit.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Muthoot Finance Ltd.
- Relation
- Rep. By Branch Manager and Power of Attorney holder
- Party Role
- Plaintiff
- Party Name
- Jinesh
- Party Age
- 28
- Relation
- S/o Sivasankaran
- Party Role
- Defendant
- Party Name
- Shihabudheen
- Party Age
- 32
- Relation
- S/o Eandeen
Plaintiffs Documents
Power of attorney, Bonds executed for loans
Defendants Documents
Not mentioned
Advocates
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Defendant directed to pay the plaintiff Rs. 9,72,203/- with 6% interest per annum
Evidence:
The suit is decreed as follows: I) The defendant is hereby directed to pay the plaintiff an amount of Rs. 9,72,203/- (Rupees nine lakh seventy two thousand two hundred and three only) with interest @ 6% per annum till the date of realisation.
Documents & Evidence
Document Type:
Power of Attorney
Submitted By:
Plaintiff
Relevance:
Authorization for legal representation
Reference:
Ext.A1
Document Type:
Loan Bond
Submitted By:
Plaintiff
Relevance:
Loan of Rs. 98,600/- dated 6-5-2013
Reference:
Ext.A2
Document Type:
Loan Bond
Submitted By:
Plaintiff
Relevance:
Loan of Rs. 2,23,000/- dated 9-5-2013
Reference:
Ext.A3
Document Type:
Loan Bond
Submitted By:
Plaintiff
Relevance:
Loan of Rs. 2,44,000/- dated 31-5-2013
Reference:
Ext.A4
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
Loan Recovery
Case Code
Case between Muthoot Finance Ltd. et al vs Shihabudheen et al regarding loan repayment
Case Code Year
Case between Muthoot Finance Ltd. et al vs Shihabudheen et al regarding loan repayment