Case Summary
Sree Gokulam Chit & Finance Co. filed a suit against Faizal Rahiman.K. and others to recover money owed from a chit agreement. The defendants failed to repay the amount despite receiving funds from the plaintiff.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants directed to pay Rs.7,53,954/- with interest.
Case Type
Original Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff proved its case with reliable evidence, and the defendants failed to contest the claims.
Plaintiff proved its case with reliable evidence, and the defendants failed to contest the claims.
Judgment Evidence:
In the result, the suit is decreed as follows: 1. The defendants are directed to pay an amount of Rs.7,53,954/- (Rupees Seven Lakh Fifty Three Thousand Nine Hundred and Fifty Four only) with interest @ 18% per annum thereon from the date of suit till realization, to the plaintiff.
Parties Involved
Plaintiffs
Sree Gokulam Chit & Finance Co.(P) Ltd. (Age not specified years)
Sree Gokulam Towers, No.66, Old No. 356, Arcot Road, Kodambakkam, Chennai-600 024.
Defendants
Faizal Rahiman.K. (43 years)
Kanmally House, Thanalur amsom Areekkad desom, Pomundam.P.O., Tirur Taluk. PIN 676 106
Junais Rahiman.K. (36 years)
Kanmally House, Thanalur amsom Areekkad desom, Pomundam.P.O., Tirur Taluk. PIN 676 106
Athika.T.P. (39 years)
Kanmally House, Thanalur amsom Areekkad desom, Pomundam.P.O., Tirur Taluk. PIN 676 106
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Defendants are directed to pay an amount of Rs. 7,53,954/- with interest.
Evidence:
The defendants are directed to pay an amount of Rs.7,53,954/- (Rupees Seven Lakh Fifty Three Thousand Nine Hundred and Fifty Four only) with interest @ 18% per annum thereon from the date of suit till realization, to the plaintiff.
Relief Type:
Other
Outcome:
Granted
Description:
Plaintiff is entitled to realize the costs of the suit from the defendants.
Evidence:
Plaintiff is entitled to realize the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Title deed
Submitted By:
Plaintiff
Relevance:
Original title deed handed over by 2nd defendant as security.
Reference:
Ext.A1
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
Resolution passed by Board of Directors regarding the chit.
Reference:
Ext.A2
Document Type:
Agreement
Submitted By:
Plaintiff
Relevance:
Agreement acknowledging receipt of the amount due.
Reference:
Ext.A5
Document Type:
Memorandum of Deposit of Title Deed
Submitted By:
Plaintiff
Relevance:
Document evidencing the deposit of title deed.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of Account of the chit demonstrating outstanding amounts.
Reference:
Ext.A6
Document Type:
Tax receipt
Submitted By:
Plaintiff
Relevance:
Tax receipt dated 17.06.2011 related to the chit transaction.
Reference:
Ext.A7