Suit filed under Summary Procedure for commercial disputes. Parties reached a settlement via Mediation Centre. Court adjudicated upon the settlement and disposed of all connected applications.
Suit disposed of based on parties' compromise; full court fees refunded to plaintiff; no costs awarded.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
C.S. (COMM.DIV.) No.153 of 2022 and A. Nos.3280 to 3282 of 2022
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED 18.10.2023
CORAM
THE HONOURABLE MR.JUSTICE ABDUL QUDDHOSE
C.S. (COMM.DIV.) No.153 of 2022 and A. Nos.3280 to 3282 of 2022
Carborundum Universal Limited, represented by its Authorised Signatory P.Sundar
.. Plaintiff
/versus/
1.HK.Murali (deceased)
defendants 2 and 3 are brought on record as legal heirs of the deceased 1st defendant as per order dated 07.02.2023 in Appln. No.662 of 2023
2.Rohit Hegde
3.M.Jayashree .. Defendants
Prayer: Civil Suit has been filed under Order VII, Rule 1 of the Original Side Rules read with Order XXXVII Rule 2 of the Code of Civil Procedure 1908 as amended by the Commercial Courts Act to pass a judgment and decree directing the defendants to pay to the plaintiff a sum of Rs.3,95,31,160/- (Rupees three crore ninety five lakh thirty one thousand one hundred and sixty only) (Rs.3,35,28,003/- being the principal + Rs.60,03,157/- being the interest payable) along with pendente lite interest payable at 18% per annum.
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C.S. (COMM.DIV.) No.153 of 2022 and A. Nos.3280 to 3282 of 2022
ABDUL QUDDHOSE, J.
vga
For Plaintiff : Mr.Rahul Balaji
J U D G M E N T
A settlement has been reached between the parties before the
Mediation Centre. A Joint Memorandum of Compromise dated 06.10.2023 entered into between the parties has been attached to the Mediation report dated 13.10.2023 submitted by the Mediation Centre. The Joint Memorandum of Compromise has been signed by all the parties to the suit and counter signed by the respective counsels.
2.In terms of the Joint Memorandum of Compromise dated 06.10.2023, this suit is disposed of. The Joint Memorandum of Compromise dated 06.10.2023 shall form part of the judgment.
3.Registry is directed to refund the full court fees to the plaintiff, after making applicable deductions. No costs. Consequently, connected applications stand closed.
18.10.2023
vga
C.S. (COMM.DIV.) No.153 of 2022 and A. Nos.3280 to 3282 of 2022
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3 provisions across 3 enactments
Hong Kong Murali
Rohit Hegde
M.Jayashree
Abdul Qudhoose
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
