M/s.Shakti International Pvt. Ltd. v. M/s.Excel Metal Processors Pvt. Ltd. and Neel Trading Co. (Applicant)
Case brief
What is this about?
This is an ex parte commercial suit where the defendants failed to deposit the required security sum of Rs. 2.10 crores. The court granted an ex parte decree in terms of the plaintiff's prayers, awarded interest at 18% p.a., and ordered a refund of court fees.
What did the court decide?
Ex parte decree for Rs. 2.48 crores with interest at 18% p.a.; costs of Rs. 6 lakhs; refund of court fees.