Case between Ullattil Gopinath vs Accomplish Marketing Company(Pvt) Ltd et al regarding money realization

Case Summary

Plaintiff filed suit against defendants seeking realization of money loaned to the business group Accomplishing Business Market Private Limited for expansion of gold business.

Judgment Outcome

Plaintiff Won

Interim Order

The court decreed that defendants must pay the plaintiff Rs. 3,00,000 with 6% interest per annum for non-repayment of a loan.

Judgment Favored

Plaintiff

Relief Granted

Payment of Rs. 3,00,000 with 6% interest per annum

Case Type

Civil Suit - Money Realization

Final Judgment

No

Why Plaintiff Won:
The plaintiff proved his case by cogent and reliable evidence showing the non-repayment of the loan by the defendants.

Judgment Evidence:

The suit is decreed as follows: I. Defendant is hereby directed to pay the Plaintiff Bank an amount of Rs. 3,00,000/- (Rupees Three lakh only) with an interest at 6% per annum from the date of the suit till the date of realisation. II. The defendant shall pay the costs of the suit to the plaintiff.

Parties Involved

Plaintiffs

Ullattil Gopinath (68 years) Thrikandiyur amsom, Annara desom, Tirur Taluk

Defendants

Accomplish Marketing Company(Pvt) Ltd (Age not specified years) Ozhur amsom, desom, Tirur taluk M. Jayachandran (36 years) Ozhur amsom, Desom, Tirur Taluk Kalambakkalakath Abdul Gafoor (36 years) Niramaruthoor amsom, desom, Tirur Taluk Gopalakrishnan (55 years) 8/201, Mankulangara Variyam Post Ramapuram, Pin: 679 350, Perinthalmanna Taluk Pushparajan (40 years) Ayinikottu House, Ozhur amsom, desom, Tirur Taluk

Reliefs

Relief Type: Money Realization

Outcome: Granted

Description:

Payment of Rs. 3,00,000 with 6% interest per annum

Evidence:

The suit is decreed as follows: I. Defendant is hereby directed to pay the Plaintiff Bank an amount of Rs. 3,00,000/- (Rupees Three lakh only) with an interest at 6% per annum from the date of the suit till the date of realisation.

Documents & Evidence

Document Type: Agreement

Submitted By: Plaintiff

Relevance:

Marked as evidence of loan agreement dated 23-03-2016

Reference:

Ext.A1