Case Summary
Plaintiff company and its manager filed suit against defendants for non-repayment of loan availed by first defendant for his business, resulting in a total due amount of Rs.89,417. Defendants failed to repay despite multiple demands.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Money recovery with interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Judgment Evidence:
The suit is decreed as follows: 1. The defendant is here by directed to pay an amount of Rs.89,417/- (Rupees eighty nine thousand four hundred and seventeen only) with interest at the rate of 8% per annum from the date of suit till realization. 2. The defendant shall pay costs of the suit.
Parties Involved
Plaintiffs
M/s PNY SABHA FINANCE LIMITED (Age not specified years)
Anthikad, Trichur Dist.
Manager, PNY Sabha Finance Limited (Age not specified years)
Tirur Branch, Ayisha Complex, Tirur
Defendants
V.P.Shanmughan (53 years)
Vadakkepurakkal House, Thrikkandiyur amsom, Thekkumuri desom & Post, Police Line, Tirur
T.N.Jayakumar (45 years)
Thelath Nanari House, Pariyapuram.P.O., Tanur, Tirur Taluk
K.P.Aboobacker (63 years)
Kunikkottu Parambil House, Korangath, Manjalampadi, P.O.Niramaruthoor, Tirur Taluk
P.Madhavan (59 years)
Palathingal House, Kottakkal amsom desom, Tirur Taluk
Madhavi (73 years)
Thrikkandiyur amsom, Thekkumuri desom & Post, Police Line, Tirur
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Plaintiffs awarded Rs.89,417 with 8% interest for non-repayment of loan by defendants.
Evidence:
The defendant is here by directed to pay an amount of Rs.89,417/- (Rupees eighty nine thousand four hundred and seventeen only) with interest at the rate of 8% per annum from the date of suit till realization.