Case Summary
Yogakshemam Loans Ltd. sued Muhammed Rasheed et al for defaulting on a loan of Rs.55,549/-, seeking repayment at 22% interest.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Payment of Rs.55,549/- with 22% interest
Case Type
Civil Suit - Money Recovery
Final Judgment
No
Why Plaintiff Won:
The plaintiff proved its case through oral evidence and documents presented, as the defendants did not appear in court.
The plaintiff proved its case through oral evidence and documents presented, as the defendants did not appear in court.
Judgment Evidence:
In the result, the suit is decreed as follows: The defendants are directed to pay an amount of Rs.55,549/- with interest at the rate of 22% per annum.
Parties Involved
Plaintiffs
Yogakshemam Loans Ltd. (Age not specified years)
Puthanathani, Kurumbathoor Amsom, Punnathala Desom, Tirur Taluk
Defendants
Muhammed Rasheed (Age not specified years)
Chalanpadan House, Karekkad Post, Marakkara Panchayath, Kadampuzha
Beevi (Age not specified years)
Chalanpadan House, Karekkad Post, Marakkara Panchayath, Kadampuzha
Muhammed.C.K. (Age not specified years)
Chathankulam House, Vadakkumpuram, Karekkad Post, Kadampuzha, Edayoor Village
Reliefs
Relief Type:
Money Recovery
Outcome:
Granted
Description:
Payment of Rs.55,549/- with 22% interest
Evidence:
The defendants are directed to pay an amount of Rs.55,549/- with interest at the rate of 22% per annum from the date of suit till today and thereafter at the rate of 6% per annum till realization on Rs.55,549/-.
Relief Type:
Costs
Outcome:
Unknown
Description:
Plaintiff is entitled to realise costs of the suit from the defendants.
Evidence:
Documents & Evidence
Document Type:
Loan Agreement
Submitted By:
Plaintiff
Relevance:
Evidence of loan agreement
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Legal document for loan repayment
Reference:
Ext.A2
Document Type:
Lawyer Notice
Submitted By:
Plaintiff
Relevance:
Notice demanding repayment
Reference:
Ext.A3
Document Type:
Loan Ledger
Submitted By:
Plaintiff
Relevance:
Details of suit transaction
Reference:
Ext.A6