Keram Chits And Loans Ltd Managingdirector vs Yamuna — 100752/2023

Summary of Case 100752/2023 (O.S. 752/2023) Court Decision: The Munsiff Court of Chavakkad decreed the suit in favor of Keram Chits and Loans Ltd, directing defendants to jointly and severally pay Rs. 2,20,000 with 12% per annum interest from suit date to decree date, thereafter 6% on Rs. 1,62,000 until realization, plus court costs. Key Reasoning: The defendants defaulted on chitty installments after the original subscriber (Hareesh) died. Having paid only 52 of the required installments on a Rs. 10,80,000 chitty subscribed in 2012, the unchallenged evidence of the plaintiff's witness and supporting documents (chitty agreement and resolution) established the plaintiff's claim for recovery of the outstanding defaulted amount. This case analysis is maintained by casestatus.in based on publicly available court records.