Case Summary
M/s. Mulamoottil Consumer Credits Limited filed a suit against Balu.S and others for the recovery of a loan amount. The defendants failed to repay the loan despite repeated requests, leading to this legal action.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is allowed to realize an amount of Rs. 5,64,603.93/- from the defendants jointly and severally with interest at the rate of 13.5% per annum.
Case Type
Civil Suit
Final Judgment
No
The court decreed the suit allowing the plaintiff to recover the amount due along with interest. The defendants were found liable for their default on the loan repayment.
Why Plaintiff Won:
The plaintiff's unchallenged evidence proved its case.
The plaintiff's unchallenged evidence proved its case.
Losing Side's Weaknesses:
The plaintiff's unchallenged evidence proved its case.
The plaintiff's unchallenged evidence proved its case.
Supporting Evidence
Plaintiff's unchallenged evidence proved its case and it is entitled to a decree to realise the amount from the defendants.
Judgment Evidence:
In the result, the suit is decreed with costs and the plaintiff is allowed to realise an amount of Rs. 5,64,603.93/- (Rupees Five lakhs Sixty Four thousand Six hundred and Three and Ninety Three paise only) from the defendants jointly and severally with interest at the rate of 13.5% per annum from the date of suit till date of realisation.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s. Mulamoottil Consumer Credits Limited
- Party Role
- Defendant
- Party Name
- Balu.S
- Party Age
- 32
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Midhun.M
- Party Age
- 26
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Sabu
- Party Age
- 58
- Relation
- S/o
Plaintiffs Documents
Hypothecation Agreement, Demand Promissory Note, Certified copy of the statement of accounts, Copy of lawyer’s notice, Certified Copy of Power of Attorney
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri.Jayakrishnan.D
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Sreelatha M.V
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Sheeja M.S
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Smt.Bency M. Raj
- Appearance Type
- Assisting Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri.A.I. Sambhunath
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff sought recovery of the outstanding loan amount.
Evidence:
Thus, the suit is decreed with costs and the plaintiff is allowed to realise an amount of Rs. 5,64,603.93/-
Documents & Evidence
Document Type:
Hypothecation Agreement
Submitted By:
Plaintiff
Relevance:
Executed by the defendants as security for the loan.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Executed by the defendants to acknowledge the loan amount.
Reference:
Ext.A2
Document Type:
Certified Copy of the Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Contains details of the outstanding amount due from the defendants.
Reference:
Ext.A3
Document Type:
Copy of Lawyer’s notice
Submitted By:
Plaintiff
Relevance:
Notified the defendants regarding the default in payment.
Reference:
Ext.A4
Document Type:
Certified Copy of Power of Attorney
Submitted By:
Plaintiff
Relevance:
Authorized representation of the plaintiff in court.
Reference:
Ext.A5
Case Classification
Case Type
Civil Suit
Category
Money and Loan Recovery
District
Thiruvananthapuram
State
Kerala
Court Establishment
Munsiff Court Thiruvananthapuram
Common Reasons
Recovery of money
Case Code
Case between M/s. Mulamoottil Consumer Credits Limited vs Balu.S et al regarding realization of money
Case Code Year
Case between M/s. Mulamoottil Consumer Credits Limited vs Balu.S et al regarding realization of money