Case Summary
SML Finance Limited filed a suit against Sidheeq and Mariyamu for defaulting on loan repayment amounting to Rs. 54,248 inclusive of interest and charges.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of money with interest
Case Type
Civil Suit - Recovery of Money
Final Judgment
No
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Judgment Evidence:
In the result, it is hereby ordered and decreed as follows: 1) The defendant do pay an amount of Rs. 54,248/- with interest at the rate of 12% per annum compound at monthly rest on Rs. 41,650/- to the plaintiff from the date of suit till realization. 2) The defendant do pay the costs of suit to the plaintiff.
Parties Involved
Plaintiffs
SML Finance Limited (Age not specified years)
Registered Office, Badhani Complex, Thrissur Road, Kunnamkulam
Defendants
Sidheeq (46 years)
Karinkappara House, Near C. I. Office Vattapara, Thozhuvanoor Post Vattapara
Mariyamu (39 years)
Karinkappara House, Near C. I. Office Vattapara, Thozhuvanoor Post Vattapara
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Ordered defendants to pay Rs. 54,248 with interest
Evidence:
In the result, it is hereby ordered and decreed as follows: 1) The defendant do pay an amount of Rs. 54,248/- with interest at the rate of 12% per annum compound at monthly rest on Rs. 41,650/- to the plaintiff from the date of suit till realization.
Documents & Evidence
Document Type:
Hire Purchase Agreement
Submitted By:
Plaintiff
Relevance:
Proved loan agreement and terms of repayment
Reference:
Ext.A1