Case Summary
M/s Mulamoottil Consumer Credits Ltd. is the plaintiff in a case against Ragesh Raj and Rani for recovery of a loan of ₹52,216. The defendants defaulted on the repayment despite multiple requests.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Plaintiff is allowed to realise ₹49,224/- from the defendants and their assets.
Case Type
Civil Suit
Final Judgment
No
The suit was decreed in favor of the plaintiff, allowing them to recover ₹49,224 along with interest and costs from the defendants.
Why Plaintiff Won:
The evidence of the plaintiff is unchallenged because the defendants were set ex parte and PW1 was not cross-examined.
The evidence of the plaintiff is unchallenged because the defendants were set ex parte and PW1 was not cross-examined.
Losing Side's Weaknesses:
The evidence of the plaintiff is unchallenged because the defendants were set ex parte and PW1 was not cross-examined.
The evidence of the plaintiff is unchallenged because the defendants were set ex parte and PW1 was not cross-examined.
Supporting Evidence
The evidence of the plaintiff is unchallenged because the defendants were set ex parte and PW1 was not cross-examined.
Judgment Evidence:
In the result, suit is decreed with costs as follows: 1.Plaintiff is allowed to realise ₹49,224/- from the defendants and their assets. 2.Plaintiff is allowed to realise interest at the rate of 15% per annum with monthly rests till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s Mulamoottil Consumer Credits Ltd.
- Party Role
- Defendant
- Party Name
- Ragesh Raj
- Party Age
- 35
- Relation
- S/o
- Party Role
- Defendant
- Party Name
- Rani
- Party Age
- 40
- Relation
- W/o
Plaintiffs Documents
Original promissory note dated 07/11/2017, Original Agreement of Hypothecation dated 07/11/2017, Statement of Accounts, Copy of Advocate Notice dated 24/10/2019, Copy of Power of Attorney.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Smt. Jayarekha.G.P
- Appearance Type
- Main Counsel
- Party Role
- Plaintiff
- Advocate Name
- Sri. Ramesh kumar.A
- Appearance Type
- Assisting Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to realise ₹49,224/- from the defendants and their assets.
Evidence:
In the result, suit is decreed with costs as follows: Plaintiff is allowed to realise ₹49,224/- from the defendants and their assets.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to realise interest at the rate of 15% per annum with monthly rests till the date of decree.
Evidence:
Plaintiff is allowed to realise interest at the rate of 15% per annum with monthly rests till the date of decree.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to realise future interest at the rate of 6% per annum from the date of decree till realisation.
Evidence:
Plaintiff is allowed to realise future interest at the rate of 6% per annum from the date of decree till realisation.
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is allowed to realise the costs of the suit from the defendants and their assets.
Evidence:
Plaintiff is allowed to realise the costs of the suit from the defendants and their assets.
Documents & Evidence
Document Type:
Original promissory note
Submitted By:
Plaintiff
Relevance:
This document evidences the loan agreement between the plaintiff and the first defendant.
Reference:
Ext.A1
Document Type:
Original agreement of hypothecation
Submitted By:
Plaintiff
Relevance:
This document outlines the terms under which the loan was secured.
Reference:
Ext.A2
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
This document provides the account details showing the amount due from the defendants.
Reference:
Ext.A3
Document Type:
Copy of Advocate Notice
Submitted By:
Plaintiff
Relevance:
This notice was sent to the defendants regarding the payment defaults.
Reference:
Ext.A4
Document Type:
Copy of Power of Attorney
Submitted By:
Plaintiff
Relevance:
This document authorizes the representative of the plaintiff to act on behalf of the company.
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 Ltd. vs Ragesh Raj et al regarding recovery of money
Case Code Year
Case between M/s Mulamoottil Consumer Credits Ltd. vs Ragesh Raj et al regarding recovery of money