The court accepted a compliance report confirming sale of trust property and deposit of proceeds pursuant to its earlier order under Section 92(1)(f) CPC, and closed the civil suit with no costs.
Compliance report accepted; civil suit closed with no costs.
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C.S.No.61 of 2024
IN THE HIGH COURT OF JUDICATURE AT MADRAS
Dated : 05.08.2024
CORAM:
THE HONOURABLE MR. JUSTICE RMT.TEEKAA RAMAN
C.S.No.61 of 2024
1.M/s.Y.R.Gaitonde Medical, Educational and Research Foundation Trust, Rep.by its COO, A.K.Srikrishnan, Old No.15, New No.34, East Street, Kilpauk Garden Colony, Chennai - 600 010.
This Civil Suit is filed under Order VII Rule 1 of the Code of Civil Procedure, 1908 read with Order IV Rule 1 of the Original Side Rules and Section 92(1)(f) of the Code of Civil Procedure, 1908, praying to:
a) permit the 1st plaintiff for sale of one ground and 1324 square feet i.e., 3724 square feet of land situated at Anna Nagar which is morefully described in Schedule A hereunder to the prospective buyer or to any other person / entity as may be identified for a minimum sale
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consideration of Rs.9,05,00,000/- (Rupees Nine Crores Five Lakhs only) or any higher amount and permit the plaintiffs to deposit the sale proceeds in the bank account of the trust maintained in ICICI bank bearing Account No.000105005599 in the name and style of M/s.Y.R.Gaitonde Medical, Educational and Research Foundation and utilize the same for setting up of laboratory in the property situated at Chetpet and for utilization of the funds towards furtherment of other objectives of the 1st plaintiff Trust.
For Plaintiffs : Mr.T.V.Suresh Kumar, For M/s.Genicon Legal LLP *********
JUDGMENT
Pursuant to the order dated 17.04.2024 wherein this Court has
granted permission to sale the trust property has contemplated under Section 92(1)(f) of C.P.C and directed to complete the sale transaction within a period of three months and file a report. Accordingly, compliance report has been filed.
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| Sl. No. |
Bank Details |
Date of Payment |
Online Transfer Reference | Nos. Amount (Rs) |
|---|---|---|---|---|
| 1. | CBI | 17.05.2024 | CBINR52024051710001234 | 2,75,00,000 |
| 2. | Kotak | 17.05.2024 | KKBKR52024051700993380 | 2,75,00,000 |
| 3. | Kotak | 25.05.2024 | KKBKH2414666367 | 3,000 |
| 4. | HDFC | 25.05.2024 | N146243055543850 | 1,000 |
| 5. | HDFC | 27.05.2024 | HDFCR52024052760365359 | 33,71,000 |
| 6. | CBI | 27.05.2024 | CBINR52024052710013286 | 4,30,00,000 |
| 7. | KOTAK | 27.05.2024 | Challan Nos.09477, 12403, BSR Code:0510002 and 04081 BSR Code:018002 |
11194 03605, 11,25,000 |
sale has been effected sale amount is now deposited in the ICICI Bank
bearing Account Number 000105005599 has been deposited in the
account and hence compliance report has been taken on file.
05.08.2024
nvi Neutral citation : Yes / No Index : Yes / No Speaking order : Yes / No
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RMT.TEEKAA RAMAN,J.
nvi
C.S.No.61 of 2024
C.S.No.61 of 2024
05.08.2024
1 issue framed by the court
Whether the compliance report regarding sale of trust property under Section 92(1)(f) CPC should be accepted and the suit closed?
3 provisions across 2 enactments
M/s. Y.R. Gaitonde Medical, Educational and Research Foundation Trust, Rep. by its COO A.K. Srikrishnan
Mr. Kartar Singh Trustee of M/s. Y.R. Gaitonde Medical, Educational and Research Foundation Trust
RMT Teekaa Raman
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
