Case Summary
Plaintiff company filed suit against defendants seeking recovery of loan amount along with interest and penal charges according to the loan agreement executed by defendants.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Recovery of Loan Amount with Interest and Costs
Case Type
Civil Suit - Loan Recovery
Final Judgment
No
Why Plaintiff Won:
Reason not clearly mentioned
Reason not clearly mentioned
Judgment Evidence:
In the result, the suit is decreed as follows:- I. Plaintiff is allowed to ... III. Plaintiff is entitled to realize the cost of the suit from the defendants.
Parties Involved
Plaintiffs
Yogakshemam Loans Ltd. Valancheri (Age not specified years)
Kattiparuthi amsom, Valancheri desom, Tirur Taluk
Defendants
Hameed.P (44 years)
Pakkathu House, Karambathoor Post, Paruthoor Village, Ottappalam Taluk, Palakkad
Santhosh.P (31 years)
Palakkavil House, Irimbiliyam Village, Pin: 676 552, Tirur Taluk
V.K. Sivadasan (41 years)
Vadakke Kalathil House, Mulayankavu, Kulukkallur Panchayathu, Ottapalam Taluk, Pin: 679 337
Reliefs
Relief Type:
Loan Recovery
Outcome:
Granted
Description:
Recovery of Loan Amount with Interest and Costs
Evidence:
The plaintiff is allowed to realise an amount of Rs.51,653/-(Rupees Fifty One Thousand Six Hundred and Fifty Three only) with interest at the rate of 6% per annum from the date of suit till realisation from the defendants and their assets.
Documents & Evidence
Document Type:
Agreement for Loan
Submitted By:
Plaintiff
Relevance:
Documented the terms of the loan agreement.
Reference:
Ext.A1
Document Type:
Demand Promissory Note
Submitted By:
Plaintiff
Relevance:
Document showing promise by defendants to repay the loan amount.
Reference:
Ext.A2
Document Type:
Acknowledgment of Debt
Submitted By:
Plaintiff
Relevance:
Document confirming liability of defendants to repay the debt.
Reference:
Ext.A3
Document Type:
Statement of Accounts
Submitted By:
Plaintiff
Relevance:
Document showing the amount due from the defendants.
Reference:
Ext.A4