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
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
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
Plaintiffs
Muthoot Finance Ltd. (Age not specified years)
B.P Angadi, Tirur
Jinesh (28 years)
Kumaranellur, Kappoor asom desom
Defendants
Shihabudheen (32 years)
Palakkavalappil House, Puthuppalli amsom Kaloor desom, Tirur Taluk
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