Elegant Capitls Pvt. Ltd. v. Incable Net (Andhra) Ltd.
Case brief
What is this about?
The plaintiff filed a summary suit based on a written contract and dishonoured cheques seeking a decree against the defendant. Following the defendant's failure to oppose the summons for judgment and its failure to deposit the required amount as directed, the court decreed the suit under Order XXXVII Rule 3 of CPC.
What did the court decide?
Decree for payment of Rs. 15,37,70,000 plus interest at 13% per annum from the date of filing of the suit till realization, and costs.