Case Summary
Plaintiff, a finance company, filed suit against defendants for non-repayment of loan amount availed based on a hire purchase agreement for a vehicle.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Loan amount recovery with interest and costs
Case Type
Civil Suit - Loan Recovery
Final Judgment
No
The court granted the plaintiff's claim for loan recovery amounting to Rs. 82,579 with interest at 6% per annum and costs.
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
Since the defendants remained ex-parte, the evidence adduced by the plaintiff remained unchallenged... the plaintiff has proved its case by adducing cogent and reliable evidence and the plaintiff is entitled to get a decree as prayed for.
Judgment Evidence:
In the result, the suit is decreed as follows: Plaintiff is allowed to realize an amount of Rs.82,579/- with interest at the rate of 6% per annum from the date of suit till realization from the defendants and their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- SML Finance Limited
- Party Role
- Defendant
- Party Name
- Sameer
- Relation
- S/o Aboobacker
- Party Role
- Defendant
- Party Name
- Muhammed Mikdad
- Relation
- S/o Muhammed Meeran
Plaintiffs Documents
Hire Purchase Agreement dated 02-10-2013 marked as Ext.A1
Defendants Documents
Not available
Advocates
Reliefs
Relief Type:
Loan Recovery
Outcome:
Granted
Description:
Recovery of loan amount with interest and costs
Evidence:
In the result, the suit is decreed as follows: Plaintiff is allowed to realize an amount of Rs.82,579/- with interest at the rate of 6% per annum from the date of suit till realization from the defendants and their assets.
Documents & Evidence
Document Type:
Hire Purchase Agreement
Submitted By:
Plaintiff
Relevance:
Marked as evidence supporting plaintiff's claim for loan recovery.
Reference:
Ext.A1
Case Classification
Case Type
Civil Suit - Loan Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Case Code
Case between SML Finance Limited vs Sameer et al regarding loan recovery
Case Code Year
Case between SML Finance Limited vs Sameer et al regarding loan recovery