Integrated Finance Company Ltd. v. Business India, Rep. by Its
Case brief
What is this about?
In a suit for recovery of hire purchase dues totaling roughly Rs.21.88 crore, the plaintiff established the default via evidence. The defendants appeared ex-parte. The court decree the suit.
What did the court decide?
Suit decreed with costs. Defendants directed to jointly and severally pay the sum of Rs.21,88,11,451.96 along with future interest.
What the court decided
C.S.No.530 of 2011
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 15.11.2021
CORAM
THE HONOURABLE MR.JUSTICE N.SESHASAYEE
C.S.No.530 of 2011
Integrated Finance Company Limited Rep by its Authorised Signatory having its registered office at “R “10 IInd Floor, Prem Nagar Colony, South Boag Road, T.Nagar, Chennai – 600 017. ... Plaintiff
Vs.
1.Business India Rep by its Partner Mr.Ashok Hotchand Advanci 14th Floor, Nirmal Building, Nariman Point, Churchgate, Mumbai – 400 021.
2.Mr.Ashok Hotchand Advani Partner, Business India, 21, Frameroze course, Marine Drive, Mumbai – 400 020.
C.S.No.530 of 2011
Issues for consideration
1 issue framed by the court
Whether the defendants are liable to pay the balance hire purchase charges after default.
Parties & counsel
- petitioner
Integrated Finance Company Limited
- respondent
1.Business India
- respondent
Mr.Ashok Hotchand Advani
- respondent
Mr.Rajkumar Hotchand Advani
- respondent
Mr.Hiroo Hotchand Advani
Case details
As recorded by the court registry
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