Case Summary
The plaintiff, M/s. Matrix Finbiz Pvt. Ltd, is seeking to recover a loan amount from the defendants who defaulted on repayments. The defendants have paid only six installments of a loan agreement for Rs. 50,000.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendants are directed to pay an amount of Rs. 43,128 with 6% interest.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in part, and the defendants are ordered to pay Rs. 43,128 with interest to the plaintiff. The plaintiff can recover the amount from the defendants' assets if necessary.
Why Plaintiff Won:
The plaintiff provided unrebutted evidence of the loan agreement and default on payments.
The plaintiff provided unrebutted evidence of the loan agreement and default on payments.
Losing Side's Weaknesses:
The plaintiff provided unrebutted evidence of the loan agreement and default on payments.
The plaintiff provided unrebutted evidence of the loan agreement and default on payments.
Supporting Evidence
From the unchallenged evidence of PW1 read along with the documents marked as Ext.A1 to A6, in the absence of any contra evidence, establishes the case of the plaintiff that the defendants had availed a loan as stated in the plaint.
Judgment Evidence:
In the result, the suit is decreed in part with costs as follows: The defendants are hereby directed to pay an amount of Rs. 43,128/- with 6% interest from the date of the suit till the date of decree till realization to the plaintiff.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s. Matrix Finbiz Pvt. Ltd
- Relation
- Represented by
- Party Role
- Plaintiff
- Party Name
- Rajan A U
- Party Age
- 46
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Renju Raju
- Party Age
- 29
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Ammini Raju
- Party Age
- 55
- Relation
- W/o
- Party Role
- Defendant
- Party Name
- Sruthy Sivan
- Party Age
- 28
- Relation
- W/o
Plaintiffs Documents
Demand Promissory note dated 3/11/2022, Loan Agreement dated 3/11/2022, Office copy of the lawyer notice dated 27.07.2024, A/d cards, Resolution dated 10/01/2023, Copy of the certificate of registration.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- P S Bastin
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Belsson Antony
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Partly Granted
Description:
Plaintiff seeks recovery of loan amount along with interest.
Evidence:
In the result, the suit is decreed in part with costs as follows: The defendants are hereby directed to pay an amount of Rs. 43,128/- with 6% interest from the date of the suit till the date of decree till realisation to the plaintiff.
Documents & Evidence
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Used to establish the loan agreement and terms.
Reference:
Ext.A1
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Details the conditions and repayment schedule for the loan.
Reference:
Ext.A2
Document Type:
Office copy of the lawyer notice
Submitted By:
Plaintiff
Relevance:
Proves the notice sent to defendants for repayment.
Reference:
Ext.A3
Document Type:
A/d Cards
Submitted By:
Plaintiff
Relevance:
Documents related to the loan transaction.
Reference:
Ext.A4 series
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
Shows authorization for the manager to institute the suit.
Reference:
Ext.A5
Document Type:
Copy of Certificate of Registration
Submitted By:
Plaintiff
Relevance:
Confirms the registration of the plaintiff company.
Reference:
Ext.A6
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Ernakulam
State
Kerala
Court Establishment
Munsiff Court, Perumbavoor
Common Reasons
Recovery of money
Case Code
Case between M/s. Matrix Finbiz Pvt. Ltd vs Renju Raju et al regarding realization of money.
Case Code Year
Case between M/s. Matrix Finbiz Pvt. Ltd vs Renju Raju et al regarding realization of money.