Final Order 1

Order Details: Ex-parte Judgement
Pdf Text: MHCC010038112020
Filed on :17.8.2020
Registered On :17.8.2020
Decided on :01.02.2022
Duration : Y-03/M-05/D-16
IN THE BOMBAY CITY CIVIL COURT AT BOMBAY
SUMMARY SUIT NO. 324 OF 2020
IN
Exhibit-07
CNR No. MHCC01-003811-2020
Premchand Gulabchandji
Age: years.
of Mumbai an adult Indian Inhabitant
carrying on business of Money Lending at and
from 46, Modi Street, Ground Floor, Fort,
Mumbai- 400 001. ... Plaintiff
V/s.
1.Sandeep Govind Gaikwad
Age not known of Mumbai, an adult Indian
Inhabitant, working for gain with Central
Railway, Sub GD STM Station, Mumbai- 400
001, PF No. 1984536 and Residing at MS/ RB/
I/8/18, Jui Nagar Rly Colony Sector 22, Navi
Mumbai.
2. Chetan Chandrakant Marchande
Age not known of Mumbai, an adult Indian
Inhabitant, working for gain with Central
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Railway, Central Railway, Sub Motor Man &
Guard Lobby, CSTM Station , Mumbai- 400
001, PF No. 01987513 and Residing at A-10
605, Nilgiri CHS, Lok Dhara, Kalyan (East)-
421 306. ... Defendants
SUIT FOR RECOVERY OF MONEY
Appearance:-
Mr. Ramesh Jain Advocate for the plaintiff.
Exparte against Defendant.
CORAM : HER HONOUR AD-HOC JUDGE
SMT. A.H. KASHIKAR
CITY CIVIL COURT, GR. BOMBAY
(C.R. NO.61).
DATE : 01/02/2022
JUDGMENT
(Dictated and pronounced in Open Court.)
1. This is a summary suit under order XXXVII of Code of
Civil Procedure 1908 instituted by the plaintiff against the defendants.
2. The facts of the suit claim of the plaintiff are summarized
in nutshell as under :-
Plaintiff is doing business of money lending. The
defendants approached to him for loan. Hence, on 5.4.2019, the
defendants executed a Demand Promissory Note in favour of the
plaintiff for valuable consideration being a sum of Rs.1,50,000/-
received by the defendants from the plaintiff against and on the basis of
execution and handing over of the said Demand Promissory Note. By
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the said demand promissory Note the defendants promised to pay to the
plaintiff said sum of Rs.1,50,000/- alongwith interest thereon @15%
p.a. on demand. The defendants thereafter failed and neglected to
repay the amount as per the stipulation and promise given in the
demand promissory note. Hence, after waiting for sufficient time, the
plaintiff issued advocate’s letter dtd.11.2.2020 calling upon the
defendants to make the repayment of the outstanding amount. The due
and payable amount against the defendant alongwith 15% interest is
Rs.1,78,787.67ps/-. Said amount is not paid by the defendants. Hence,
plaintiff is constrained to file the suit for recovery of the said amount.
3. The suit summons were duly served on the defendants
but he failed to appear. Hence, suit is posted for judgment as per order
XXXVII Rule 2 (3) of Code of Civil Procedure 1908.
4. The following points arise for my determination and my
findings there on are as under for the reasons stated there under :-
POINTS FINDINGS
1 Whether plaintiff is entitled to
recover due amount from the
defendants as claimed ?
A] If yes, what would be the rate of
interest?
Amount of
Rs.1,78,787.67ps/--
with interest
@ 15 % per annum on
principal amount of
Rs.1,50,000/-
2 What order and decree? Suit is decreed.
R E A S O N S
5. In order to establish the suit claim, the plaintiff has filed
following documentary evidence below Exh.06 i.e the list of documents:
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Sr.
No.
Description of documents Exhibits
1 Promissory Note dated 5.4.2019
being Exhibit “A” to the plaint.
Exh. 6/1
2 Plaintiff’s advocates’ letter dated
11.2.2020 being Exhibit “B” to the
plaint alongwith the postal records
in connection with the
transmission and delivery thereof.
Exh. 6/2
3 Money Lending Licence Exh.6/3
4 Forms under Bombay Money
Lending Act.
Exh.6/4
5 Books of Accounts. Exh.6/5
AS TO POINT NO.1 :-
6. It is pertinent to note that the present suit is proceeded under
order XXXVII of C.P.C as the same is not contested by the defendant. The
plaintiff has to establish the entitlement for the monetary relief,
undoubtedly, as per the procedure laid down in order XXXVII C.P.C,
once the suit is not contested by the defendants, the plaintiff is entitled
for the relief claimed in the suit plaint. Here, the plaintiff has produced
above referred documents including his money lending licence, which
made him entitle to lend money.
7. All the documents produced by the plaintiff at Sr.No.1 to 5 goes
to establish that plaintiff has given amount of Rs.1,50,000/-to the
defendant. The documents further prove that the amount of
Rs.1,78,787.67ps/- is due and payable to the plaintiff from defendant
towards the amount. The defendant have failed to repay the said
amount to the plaintiff. The documents at Sr.No.1 to 5 goes to establish
that the defendant is liable to pay Rs.1,78,787.67ps/- to the plaintiff on
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the date of filing of the suit towards the said amount. He failed to
comply with the demand letter. In this background, it is held that
plaintiff is entitled to recover sum of Rs.1,78,787.67ps/- from the
defendant.
8. The plaintiff has claimed 15% per annum on the principal
amount. As per section 34 of the Code of Civil Procedure the rate of
interest may exceeds 6% per annum, if the transaction is commercial
and there is no contract pertaining to the same between the parties. In
the present case, the transaction is commercial one and there is contract
existing between the parties as to the rate of interest which shall be
levied. The agreed rate of interest is 15% p.a hence, I hold that, the
transaction being commercial one and the agreed rate of interest is @
15% per annum, said rate of interest of 15% p.a would be just and
proper to be awarded on the principal sum adjudged i.e. amount of
Rs.1,50,000/-. Hence, point No.1 is answered in the affirmative.
AS TO POINT NO.2 :
9. In view of discussion and finding on point No.1, it is held
that plaintiff is entitled to recover Rs.1,78,787.67ps/- from the
defendant with interest on principal amount of Rs.1,50,000/- at the rate
of 15% per annum from the date of filing of the suit till its realization.
Plaintiff is also entitled to recover cost of the suit from defendants.
Hence, in answer to point No.2, I proceed to pass the following order.
O R D E R
1. The defendant shall pay Rs.1,78,787.67ps/-(Rs. One
Lakh Seventy Eight Thousand Seven Hundred Eighty
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Seven and Sixty Seven Paise Only) to the plaintiff with
interest on principal amount of Rs.1,50,000/- at the rate
of 15% per annum from the date of filing of the suit till
its realization.
2. Defendant do pay costs of the suit to the plaintiff.
3. Court fee, if any, be refunded as per rule.
4. Decree be drawn accordingly.
Date :01/02/2022
(A.H.KASHIKAR)
AD-HOC Judge,
City Civil Court,
Gr.Mumbai.
(Court Room No.61)
Dictated on :01.2.2022
Typed on :01.2.2022
Signed on :01.2.2022
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“CERTIFIED TO BE TRUE AND CORRECT COPY OF THE ORIGINAL
SIGNED JUDGMENT/ORDER.”
01/02/2022 3.00 p.m, ( K.M. Rana )
UPLOAD DATE AND TIME NAME OF STENOGRAPHER
Name of the Judge (With Court
room No.)
HHJ Smt. A.H. Kashikar (C.R.No.61)
Date of Pronouncement of
JUDGMENT/ORDER
01/02/2022
JUDGMENT/ORDER signed by
P.O.on
01/02/2022
JUDGMENT/ORDER uploaded on 01/02/2022
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