Case Summary
Plaintiff lent Rs. 4,00,000 to defendant for business development, but defendant failed to repay causing cheque rejection and issued notice.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realisation of Rs. 4,00,000 with interest
Case Type
Civil Suit - Money Realization
Final Judgment
No
Why Plaintiff Won:
The defendant failed to provide credible evidence of repayment, contradicting testimonies and lack of substantial proof.
The defendant failed to provide credible evidence of repayment, contradicting testimonies and lack of substantial proof.
Judgment Evidence:
In the result the suit is decreed as follows: Defendant is directed to pay an amount of Rs. 4,00,000/- with interest at the rate of 9% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realization.
Parties Involved
Plaintiffs
Sureshbabu A (33 years)
Alumthodi House, Valiyakkunnu Post, Valancheri Post, Tirur Taluk
Defendants
Nisar U.T (27 years)
S/o. KunheethuHaji, Ullerithodi House, Karekkad Post, Kadambuzha, Pin: 676 553, Tirur Taluk