Case Summary
The plaintiff, Maker Village, entered into a Seed Loan Agreement with the first defendant for a refundable loan, which has not been repaid. The suit was filed for the recovery of the outstanding loan amount and interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realize an amount of Rs.5,61,000/- with interest from the defendants and from their assets.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit in favor of the plaintiff, allowing them to recover the loan amount along with interest and costs from the defendants.
Why Plaintiff Won:
The evidence presented by the plaintiff was found unrebutted and established the claim of the plaintiff.
The evidence presented by the plaintiff was found unrebutted and established the claim of the plaintiff.
Losing Side's Weaknesses:
The evidence presented by the plaintiff was found unrebutted and established the claim of the plaintiff.
The evidence presented by the plaintiff was found unrebutted and established the claim of the plaintiff.
Supporting Evidence
The unrebutted oral testimony of PW1 and Exts. A1 to A8 established the case as pleaded by the plaintiff.
Judgment Evidence:
In the result, suit is decreed as follows; 1.The plaintiff is entitled to realize an amount of Rs.5,61,000/- (Rupees Five Lakhs Sixty One Thousand only) from the defendants and from their assets.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- Maker Village
- Party Role
- Defendant
- Party Name
- M/s. V Robotics Innovations Private Limited
- Party Role
- Defendant
- Party Name
- Mr Satheesh Chandran
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Mr. K. Chandran
- Relation
- S/o
Plaintiffs Documents
Authorization letter dated 18.02.2025, Original seed loan agreement dated 27.11.2017, Original personal guarantee agreement dated 27.11.2017, Statement of account from 01.02.2018 to 28.02.2018, Original certificate of remittance issued by Assistant Treasury Officer, Thiruvananthapuram dated 28.02.2025, Copies of lawyer's notices dated 17.08.2022.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- P.V.S. Sudheer Akash S.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Girish Kumar M.S.
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- V.S. Varalakshmi
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Devika Jayaraj
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- P.I. George Kutty
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to realize an amount of Rs.5,61,000/- from the defendants and their assets.
Evidence:
The plaintiff is entitled to realize an amount of Rs.5,61,000/- (Rupees Five Lakhs Sixty One Thousand only) from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to realize interest @ 12% per annum on Rs.5,61,000/- from the date of suit.
Evidence:
The plaintiff is entitled to realize interest @ 12% per annum for Rs.5,61,000/- (Rupees Five Lakhs Sixty One Thousand only) from the date of suit till date decree from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to realize interest @ 6% per annum on Rs.5,61,000/- from date of decree.
Evidence:
The plaintiff is entitled to realize interest @ 6% per annum for Rs.5,61,000/- (Rupees Five Lakhs Sixty One Thousand only) from date of decree till date of realization from the defendants and from their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff entitled to realize costs of the suit from defendants.
Evidence:
The plaintiff is entitled to realize costs of the suit from defendants and from their assets.
Documents & Evidence
Document Type:
Authorization letter
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A1
Document Type:
Original seed loan agreement
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A2
Document Type:
Original personal guarantee agreement
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A3
Document Type:
Statement of Account
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A4
Document Type:
Original certificate of remittance
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A5
Document Type:
Copy of Lawyer's notice
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A6
Document Type:
Copy of Lawyer's notice
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A7
Document Type:
Copy of Lawyer's notice
Submitted By:
Plaintiff
Relevance:
This document was accepted and admitted in evidence to establish the case of the plaintiff.
Reference:
Ext.A8
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Ernakulam
Common Reasons
Non-payment of rent
Case Code
Case between Maker Village vs M/s. V Robotics Innovations Private Limited et al regarding realization of money.
Case Code Year
Case between Maker Village vs M/s. V Robotics Innovations Private Limited et al regarding realization of money.