M/S.Air Travel Enterprises India Limited v. S.Thirumal
Case brief
What is this about?
The High Court of Madras, Ordinary Original Civil Jurisdiction, decreed a civil suit filed for recovery of sums due. The plaintiff proved the debt via ledger accounts, invoices, and acknowledgments. Interest awarded at 18% p.a. due to lack of contractual rate.
What did the court decide?
Defendants to pay Rs. 1,66,64,764/- with further interest at 18% p.a. plus costs of Rs. 3,00,000/-.