Case Summary
Yogakshemam Loans Ltd. sued Muhammed Rasheed et al for defaulting on a loan of Rs.55,549/-, seeking repayment at 22% interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Payment of Rs.55,549/- with 22% interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
The court decreed the defendants to pay Rs.55,549/- with 22% interest to the plaintiff.
Why Plaintiff Won:
The plaintiff proved its case through oral evidence and documents presented, as the defendants did not appear in court.
The plaintiff proved its case through oral evidence and documents presented, as the defendants did not appear in court.
Losing Side's Weaknesses:
The plaintiff proved its case through oral evidence and documents presented, as the defendants did not appear in court.
The plaintiff proved its case through oral evidence and documents presented, as the defendants did not appear in court.
Supporting Evidence
The plaintiff adduced evidence in tune with the averments in the plaint. Since the defendants remained ex-parte, the evidence adduced by the plaintiff remained unchallenged. I find no reason to disbelieve PW1.
Judgment Evidence:
In the result, the suit is decreed as follows: The defendants are directed to pay an amount of Rs.55,549/- with interest at the rate of 22% per annum.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Yogakshemam Loans Ltd.
- Relation
- Represented by Manager-in-charge
- Party Role
- Defendant
- Party Name
- Muhammed Rasheed
- Relation
- S/o Alikutty
- Party Role
- Defendant
- Party Name
- Beevi
- Relation
- D/o Sainaba
- Party Role
- Defendant
- Party Name
- Muhammed.C.K.
Plaintiffs Documents
Loan Agreement, Demand Promissory Note, Lawyer Notice, Loan Ledger
Defendants Documents
Not available
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. P. Praveen
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. Vimal Kumar.K.V.
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. C. Nandakumar
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Payment of Rs.55,549/- with 22% interest
Evidence:
The defendants are directed to pay an amount of Rs.55,549/- with interest at the rate of 22% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realization on Rs.55,549/-.
Relief Type:
Costs
Outcome:
Unknown
Description:
Plaintiff is entitled to realise costs of the suit from the defendants.
Evidence:
Documents & Evidence
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Evidence of loan agreement
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Legal document for loan repayment
Reference:
Ext.A2
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice demanding repayment
Reference:
Ext.A3
Document Type:
Loan Ledger
Submitted By:
Plaintiff
Relevance:
Details of suit transaction
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit - Money Recovery
Category
Money and Loan Recovery
District
Malappuram
State
Kerala
Court Establishment
Munsiff Court, Tirur / Rent Control Court
Common Reasons
Loan default
Case Code
Case between Yogakshemam Loans Ltd. et al vs Muhammed Rasheed et al regarding loan recovery
Case Code Year
Case between Yogakshemam Loans Ltd. et al vs Muhammed Rasheed et al regarding loan recovery