Dismissed

Indusind Bank Ltd. v. Premier Housing and Industries

Madras HC1 Oct 2018CS/252/2000

Case brief

AI extract

What is this about?

The plaintiff in a suit for recovery of interest on inter-corporate deposits and bill discounting approached this court. The court dismissed the suit as withdrawn upon the plaintiff's request after the matter was settled out of court, and ordered a refund of court fees.

What did the court decide?

Suit dismissed as withdrawn; registry directed to refund court fee to plaintiff.

Indusind Bank Ltd. Vs Premier Housing and Industries — Service and Employment | Madras HC (2018)

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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Dated: 01.10.2018

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CORAM

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THE HON'BLE MR.JUSTICE M.SUNDAR C.S.No.252 of 2000

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Indusind Bank Ltd., represented its duly constituted attorney Sri.V.Govindarajan No.34, G.N.Chetty road, T.Nagar, Chennai � 600 012 .. Plaintiff

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(As amended order dated 12.09.2018 in A.Nos.6886 & 6887 of 2018)

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Vs.

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1.Premier Housing and Industrial Enterprises Limited represented by its Director M.Narayanamurthi �Karumuthu Centre� No.498, Chennai � 600 035.

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2.Mr.M.Narayanamurthi C-1, Lalitha Terrace, No.4, East Abhiramapuram First Street, Mylapore, Chennai � 600 004. .. Defendants

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This Civil Suit is preferred, under Order IV Rule of the Original Side rules and Order VII Rule 1 of CPC, to direct defendants to pay the sum of Rs.74,94,795/- being the amounts due and payable by the defendants under the Inter Corporate deposits dated 19.09.1996 together with the sum of Rs.78,43,694/- being the amounts due and payable by the defendants under the Bill Discounting facility dated 02.07.1997, both aggregating to a sum of Rs.1,53,38,489/- (Rupees one crore fifty three lakhs thirty eight thousand four hundred and eighty nine only); to pay further interest on the said sum at the rate of 36% per annum, compounded monthly, as the causes being commercial and for costs.

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For Plaintiff : Ms.P.Stella Mary

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For Defendants : Mr.A.Saleem

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JUDGMENT

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This suit is listed under the caption 'For Withdrawal' at request of counsel on record for the plaintiff.

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2.Ms.P.Stella Mary, learned counsel representing the counsel on record for plaintiff is before this Commercial Division today.

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Aforesaid learned counsel representing the counsel on record for plaintiff has made an endorsement in the suit file, which reads as follows:-

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'This Hon'ble Court shall permit the plaintiff to withdraw the suit since the matter has been settled out of Court.'

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4.The endorsement is reiterated in the hearing today. Learned counsel for plaintiff seeks refund of Court fee as per the applicable laws and rules.

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5.In the light of the aforesaid endorsement in the suit file and reiteration of the same in the hearing today, this suit stands dismissed as withdrawn.

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Registry to process refund of Court fee to the plaintiff by way of an instrument in the name of plaintiff as per applicable operating Law and Rules in this regard. There shall be no order as to costs.

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01.10.2018

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Index : Yes/No gpa/mp

M.SUNDAR, J.

gpa/mp

C.S.No.252 of 2000

01.10.2018

Indusind Bank Ltd. v. Premier Housing and Industries

Case brief

What is this about?

What did the court decide?

Indusind Bank Ltd. v. Premier Housing and Industries

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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Coram

Case details

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