Case Summary
Plaintiff company filed a suit to recover a loan amount for a Bajaj Pulsar vehicle under a hire purchase agreement from the defendants.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Realisation of loan amount with interest and costs
Case Type
Civil Suit - Loan Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff provided cogent and reliable evidence through PW1 and exhibits to prove the case against the defendants.
The plaintiff provided cogent and reliable evidence through PW1 and exhibits to prove the case against the defendants.
Judgment Evidence:
In the result, the suit is decreed as follows:- 1. Plaintiff is allowed to realise an amount of Rs.87,671/- (Rupees Eighty Seven Thousand Six Hundred and Seventy One only) with interest at the rate of 6% per annum from the date of suit till realisation from the defendants and their assets. 2. Plaintiff is entitled to realise the costs of the suit from the defendants.
Parties Involved
Plaintiffs
B.R.D. Securities Ltd. (Age not specified years)
Branch Office Tirur
Defendants
Nabeesu (68 years)
Kallaraparambil Rayichanakath House, Ponnani PO, Malappuram Dt.
Shareena (35 years)
Anthakadavil House, PO. Ponnani, Malappuram Dt.
Rafi (35 years)
Kallaraparambil Rayichinakath House, Ponnani PO., Malappuram Dt.
Reliefs
Relief Type:
Loan Recovery
Outcome:
Granted
Description:
Realisation of loan amount with interest and costs
Evidence:
In the result, the suit is decreed as follows:- 1. Plaintiff is allowed to realise an amount of Rs.87,671/- (Rupees Eighty Seven Thousand Six Hundred and Seventy One only) with interest at the rate of 6% per annum from the date of suit till realisation from the defendants and their assets. 2. Plaintiff is entitled to realise the costs of the suit from the defendants.
Documents & Evidence
Document Type:
Hire Purchase Agreement
Submitted By:
Plaintiff
Relevance:
Established the loan agreement between the plaintiff and defendants.
Reference:
Ext.A1
Document Type:
Resolution
Submitted By:
Plaintiff
Relevance:
Authorized the plaintiff's litigation clerk in legal proceedings.
Reference:
Ext.A2
Document Type:
Certificate of Incorporation
Submitted By:
Plaintiff
Relevance:
Provided proof of the plaintiff company's incorporation.
Reference:
Ext.A3