Case Summary
The case involves Sree Gokulam Chits & Finance Co. (P) Ltd. and defendants Junais Rahiman.K. and Faizal Rahiman.K. The plaintiff claims that the defendants owe money from a chit agreement, which they have failed to repay.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is entitled to realise an amount of ₹7,72,090 with interest at the rate of 18% per annum and costs from the defendants.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
Plaintiff proved their case with cogent and reliable evidence.
Plaintiff proved their case with cogent and reliable evidence.
Judgment Evidence:
In the result, the suit is decreed as follows: Plaintiff is entitled to realise an amount of ₹7,72,090 with interest at the rate of 18% per annum from the date of suit till the realization from the defendants and their assets. Plaintiff is entitled to realise the costs of the suit from the defendants.
Parties Involved
Plaintiffs
Sree Gokulam Chits & Finance Co. (P) Ltd. (Age not specified years)
Sree Gokulam Towers, No.66, Old No.356, Arcot Road, Kodambakkam, Chennai – 600 024
Defendants
Junais Rahiman.K. (36 years)
Kanmally House,Thanalur amsom Areekkad desom, P.O.Ponmundam, Tirur Taluk
Faizal Rahiman.K. (43 years)
Kanmally House,Thanalur amsom Areekkad desom, P.O.Ponmundam, Tirur Taluk
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to realise an amount of Rs. 7,72,090/- with interest.
Evidence:
Therefore, I am satisfied that the plaintiff has proved his case by adducing cogent and reliable evidence. Hence, the plaintiff is entitled to a decree as prayed for.
Relief Type:
Cost
Outcome:
Granted
Description:
Plaintiff is entitled to realise the costs of the suit from the defendants.
Evidence:
Plaintiff is entitled to realise the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Title deed
Submitted By:
Plaintiff
Relevance:
Mortgaged as security for the liability in respect of the chit.
Reference:
Ext.A1
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
Resolution passed by the Board of Directors dated 08.06.2016.
Reference:
Ext.A2
Document Type:
Memorandum of Deposit
Submitted By:
Plaintiff
Relevance:
Memorandum of the deposit of title deed.
Reference:
Ext.A3
Document Type:
Agreement
Submitted By:
Plaintiff
Relevance:
Agreement acknowledging the receipt of the amount for the prize chits.
Reference:
Ext.A5
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
Statement of Account related to the chit.
Reference:
Ext.A6
Document Type:
Tax receipt
Submitted By:
Plaintiff
Relevance:
Tax Receipt dated 17.06.2011.
Reference:
Ext.A7