Case Summary
Krishnankutty filed a suit against Accomplish Marketing Company Ltd to recover Rs. 50,000 lent for business expansion, alleging non-payment of profit share and misuse of funds by the defendant.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Monetary compensation with interest
Case Type
Civil Suit - Money Realisation
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided evidence and the defendant opted to remain ex-parte, leading to an uncontested case in favor of the plaintiff.
The plaintiff provided evidence and the defendant opted to remain ex-parte, leading to an uncontested case in favor of the plaintiff.
Judgment Evidence:
Defendant is directed to pay the plaintiff an amount of Rs. 1,16,700/- along with future interest @ of 6% for the principal amount of Rs. 1,00,000/- from the date of suit till the realization.
Parties Involved
Plaintiffs
Krishnankutty (48 years)
Ozhur amsom, Eranallur desom, Tirur Taluk
Defendants
Accomplish Marketing Company Ltd (Age not specified years)
Parappanangadi Road, Mukkola, Tanur, Pariyapuram, Tirur Taluk
Reliefs
Relief Type:
Monetary Compensation
Outcome:
Granted
Description:
Pay Rs. 1,16,700 to the plaintiff along with 6% interest
Evidence:
Defendant is directed to pay the plaintiff an amount of Rs. 1,16,700/- along with future interest @ of 6% for the principal amount of Rs. 1,00,000/- from the date of suit till the realization.
Documents & Evidence
Document Type:
Share Certificate
Submitted By:
Plaintiff
Relevance:
Evidence of investment and profit share agreement
Reference:
Ext.A1
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Proof of fund transfer to defendant
Reference:
Ext.A2