Case Summary
M/s. Calsun Finserve Pvt. Ltd. is a financial company that issued a loan of Rs.10,500 to Vijayalakshmi C., who defaulted on repayments. The case concerns the recovery of the outstanding loan amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The defendant shall pay an amount of Rs.15,251/- with interest at the rate of 6% p.a.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, ordering the defendant to pay the outstanding amount along with interest.
Why Plaintiff Won:
The plaintiff proved the case and the evidence was unchallenged.
The plaintiff proved the case and the evidence was unchallenged.
Losing Side's Weaknesses:
The plaintiff proved the case and the evidence was unchallenged.
The plaintiff proved the case and the evidence was unchallenged.
Supporting Evidence
The evidence of PW1, supported by the documentary evidence, stands unchallenged. As such this court finds that the plaintiff has succeeded to prove his case.
Judgment Evidence:
In the result, the suit is decreed as follows: A) The defendant shall pay an amount of Rs.15,251/- (Rupees fifteen thousand two hundred and fifty one only) to the plaintiff with interest at the rate of 6% p.a from 02.08.2024 till realisation. B) The plaintiff shall be entitled to realise the costs of the suit.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s. Calsun Finserve Pvt. Ltd.
- Relation
- Represented by
- Party Role
- Defendant
- Party Name
- Vijayalakshmi C.
- Party Age
- 55
- Relation
- D/o
Plaintiffs Documents
True copy of Certificate of Incorporation, True copy of Money Lending License, Extract of minutes of meeting appointing Authorised Signatory, Loan application, Promissory note, EMI Account ledger, Loan account details, True copy of Lawyer Notice.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt. Susina A.
- Appearance Type
- Main Counsel
- Party Role
- Defendant
- Advocate Name
- Sri. P.V. Mohammed Shahid
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant shall pay an amount of Rs.15,251/- to the plaintiff with interest.
Evidence:
In the result, the suit is decreed as follows: A) The defendant shall pay an amount of Rs.15,251/- (Rupees fifteen thousand two hundred and fifty one only) to the plaintiff with interest at the rate of 6% p.a from 02.08.2024 till realisation.
Relief Type:
Recovery
Outcome:
Granted
Description:
The plaintiff shall be entitled to realise the costs of the suit.
Evidence:
B) The plaintiff shall be entitled to realise the costs of the suit.
Documents & Evidence
Document Type:
Certificate of Incorporation
Submitted By:
Plaintiff
Relevance:
Proves the incorporation of the plaintiff company.
Reference:
Ext.A1
Document Type:
Money lending license
Submitted By:
Plaintiff
Relevance:
Validates that the plaintiff is licensed to lend money.
Reference:
Ext.A2
Document Type:
Board Resolution
Submitted By:
Plaintiff
Relevance:
Shows the appointment of the authorized signatory.
Reference:
Ext.A3
Document Type:
Loan Application and Sanction Report
Submitted By:
Plaintiff
Relevance:
Details the loan application made by the defendant.
Reference:
Ext.A4
Document Type:
Promissory Note
Submitted By:
Plaintiff
Relevance:
Establishes the defendant's obligation to repay the loan.
Reference:
Ext.A5
Document Type:
EMI Account Ledger
Submitted By:
Plaintiff
Relevance:
Contains the repayment schedule and details.
Reference:
Ext.A6
Document Type:
Loan account details
Submitted By:
Plaintiff
Relevance:
Provides official details of the loan account.
Reference:
Ext.A7
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Demonstrates that a legal notice was sent to the defendant.
Reference:
Ext.A8
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Kozhikode
State
Kerala
Court Establishment
Munsiff Court 1 Kozhikode
Common Reasons
Recovery of money
Case Code
Case between M/s. Calsun Finserve Pvt. Ltd. vs Vijayalakshmi C. regarding realisation of money
Case Code Year
Case between M/s. Calsun Finserve Pvt. Ltd. vs Vijayalakshmi C. regarding realisation of money