The court decreed the suit for a sum of Rs. 1,08,70,399/- along with costs and voided the court fees as all parties executed a Settlement Agreement dated 03.10.2023 on 15.11.2023, resolving the dispute amicably.
Suit decreed directing defendants to pay principal with interest and costs; court fees refunded to plaintiff.
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.87 of 2023 and A. No.2274 of 2023
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED 15.11.2023
CORAM
THE HONOURABLE MR.JUSTICE ABDUL QUDDHOSE
C.S. (Comm.Div.) No.87 of 2023 and A. No.2274 of 2023
PVR Inox Limited,
represented by its Authorised Signatory
.. Plaintiff
(substituted as per order dated 21.08.2023 in A.No.4087 of 2023)
/versus/
Prayer: Civil Suit has been filed under Section 7 of the Commercial Courts Act read with Order IV Rule 1 of the Original Side Rules read with Order VII Rule 1 of C.P.C. to pass a judgment and decree on the following terms:
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C.S. (Comm.Div.) No.87 of 2023 and A. No.2274 of 2023
a)directing the defendants to pay to the plaintiff a sum of Rs.1,08,70,399/- (Rupees One crore eight lakhs seventy thousand three hundred and ninety nine only) from the defendants 1 to 5 i.e. the principal amount of Rs.96,40,625/- (Rupees Ninety Six Lakhs forty thousand six hundred and twenty five only) along with interest of 24% p.a. from the date of termination till 31.12.2022;
b)directing the defendants to pay costs of this suit to the plaintiff.
For Plaintiff : Mr.Abishek Jenasenan For defendants : Mr.Rahul M.Shankar
J U D G M E N T
All the parties to the suit have filed a Settlement Agreement dated 03.10.2023, by which they have amicably resolved the dispute amongst themselves. The Settlement Agreement dated 03.10.2023, which has been signed by all the parties and counter signed by the respective counsels, is taken on record.
2.In terms of the Settlement Agreement dated 03.10.2023, this suit
is decreed. The Settlement Agreement shall form part of this judgment.
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C.S. (Comm.Div.) No.87 of 2023 and A. No.2274 of 2023
15.11.2023
vga
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C.S. (Comm.Div.) No.87 of 2023 and A. No.2274 of 2023
ABDUL QUDDHOSE, J.
vga
C.S. (Comm.Div.) No.87 of 2023 and A. No.2274 of 2023
15.11.2023
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2 issues framed by the court
Whether the suit shall be decreed in view of a settlement agreement entered into between all parties on 03.10.2023 resolving the dispute.
Whether court fees shall be refunded to the plaintiff as the parties resolved the dispute outside the court.
3 provisions across 3 enactments
Abdul Quddhoose
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
