Case Summary
M/s.Calsun Finserve Pvt.Ltd is a lending company that provided a loan of Rs. 17,200 to Sanulal N, who failed to repay the amount. The case involves the plaintiff seeking to recover the outstanding loan amount along with interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
The plaintiff is entitled to realise an amount of Rs. 25,276 with interest at the rate of 12% per annum and future interest at the rate of 6%.
Case Type
Civil Suit
Final Judgment
No
The suit is decreed in favor of the plaintiff, allowing them to recover the loan amount of Rs. 25,276 along with interest from the defendant. The defendant is also liable for the costs of the suit.
Why Plaintiff Won:
The evidence presented by the plaintiff and the absence of the defendant established the plaintiff's entitlement to the claimed amount.
The evidence presented by the plaintiff and the absence of the defendant established the plaintiff's entitlement to the claimed amount.
Losing Side's Weaknesses:
The evidence presented by the plaintiff and the absence of the defendant established the plaintiff's entitlement to the claimed amount.
The evidence presented by the plaintiff and the absence of the defendant established the plaintiff's entitlement to the claimed amount.
Supporting Evidence
The unchallenged evidence of PW1 and Ext.A1 to A8 would show that the plaintiff is entitled to a decree as prayed for.
Judgment Evidence:
In the result, the suit is decreed as follows: The plaintiff is entitled to realise an amount of Rs. 25,276/- from the defendant with interest at the rate of 12% per annum from the date of suit till the date of decree.
Parties Involved
Parties
- Party Role
- Plaintiff
- Party Name
- M/s.Calsun Finserve Pvt.Ltd
- Party Role
- Defendant
- Party Name
- Sanulal N
- Party Age
- 31
- Relation
- S/o
Plaintiffs Documents
Copy of Certificate of incorporation of Calsun finserve Private limited, Copy of money lending licence issued by Commercial tax department, Govt.of Kerala, Extract of the minutes of the meeting of the Board of Directors, Loan application submitted by Sanulal N, Pronote executed by Sanulal, EMI Account ledger of Sanulal Loan account with certificate, Loan Account details of Sanulal, Copy of lawyer notice with acknowledgment card.
Defendants Documents
Advocates
- Party Role
- Plaintiff
- Advocate Name
- Sri. Susina M
- Appearance Type
- Main Counsel
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
Plaintiff is entitled to recover Rs. 25,276/- from the defendant.
Evidence:
In the result, the suit is decreed as follows: 1The plaintiff is entitled to realise an amount of Rs. 25,276/- (Rupees Twenty Five Thousand Two Hundred and Seventy Six only) from the defendant with interest at the rate of 12% per annum from the date of suit till the date of decree.
Relief Type:
Costs
Outcome:
Granted
Description:
Plaintiff is entitled to recover the costs of the suit from the defendant.
Evidence:
The plaintiff is also entitled to realise the costs of the suit from the defendant.
Documents & Evidence
Document Type:
Copy of certificate of Incorporation
Submitted By:
Plaintiff
Relevance:
Establishes the legal identity of the plaintiff company.
Reference:
Ext.A1
Document Type:
Copy of money lending licence
Submitted By:
Plaintiff
Relevance:
Shows that the plaintiff is authorized to lend money.
Reference:
Ext.A2
Document Type:
Extract of the Minutes of the Meeting
Submitted By:
Plaintiff
Relevance:
Supports the authority for the loan decision.
Reference:
Ext.A3
Document Type:
Loan application with sanction letter
Submitted By:
Plaintiff
Relevance:
Evidence of the loan applied for and sanctioned to the defendant.
Reference:
Ext.A4
Document Type:
Pronote executed
Submitted By:
Plaintiff
Relevance:
Documents the obligation of the defendant to repay the loan.
Reference:
Ext.A5
Document Type:
EMI Account Ledger
Submitted By:
Plaintiff
Relevance:
Shows the repayment status of the loan by the defendant.
Reference:
Ext.A6
Document Type:
Loan account details
Submitted By:
Plaintiff
Relevance:
Provides detailed information about the loan account as per regulations.
Reference:
Ext.A7
Document Type:
Copy of Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Indicates formal demand for repayment 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 Sanulal N regarding realisation of money
Case Code Year
Case between M/s.Calsun Finserve Pvt.Ltd vs Sanulal N regarding realisation of money