Civil suit for recovery of money and interest was compromised by the parties. The High Court recorded the compromise, dismissed the suit and counter claim, and directed that the compromise form part of the decree.
Suit and counter claim dismissed; compromise recorded as part of the decree.
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.No.724 of 2017
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 11.11.2024
CORAM:
THE HONOURABLE MR.JUSTICE A.A.NAKKIRAN
C. S.No.724 of 2017
Kalyan Jewellers India Limited having its registered office at TC/32/204/2, Sitaram Mill Road Punkunnam, Thrissur-680 002 Represented by its authorised signatory Mr.Pooranachandran, Regional Manager having his office at TC/32/204/2, Sitaram Mill Road, Punkunnam Thrissur-680 002
... Plaintiff
vs.
1.Jaswanth Chand Bhandari 2.Satya Rangaiah(HUF) Represented by its Karta Mr.Satya Rangaiah 3.MVRS Prasad (HUF) Represented by its Karta Mr.MVRS Prasad ... Defendants
Prayer:- Civil Suit filed under Order IV Rule 1 of O.S Rules read with Order VII Rule 1 of CPC, praying for the following judgment and decree against the defendants:
a) for a sum of Rs.1,36,20,000/- comprising of the principal amount of Rs.1,20,00,000/- and interest at 18% per annum on the principal amount, from 30.07.2017 till the date of filing of this suit.
C.S.No.724 of 2017
b) further interest on the principal amount of Rs.1,20,00,000/- at 18% per annum from the date of filing of the suit till the date of realisation.
c) for costs.
For Plaintiff : M/s.Preeti Mohan
For Defendants : Mr.P.T.Rakesh
JUDGMENT
When the matter was taken up today, the learned counsel for the
plaintiff and the defendants submitted that the matter has been compromised between the parties. Pursuant to the same, they have filed a Joint Memorandum of Compromise dated 30.08.2024 which has been duly signed by them and their respective counsel. The said Joint Memorandum of Compromise is recorded.
dismissed and the above Joint Memorandum of Compromise shall form part of the decree. The Court Fee is ordered to be refunded as per law. No costs.
11.11.2024
Index:Yes/No Speaking/Non-speaking order
C.S.No.724 of 2017
uma
A.A.NAKKIRAN,J.
uma
C.S No.724 of 2017
11.11.2024
A.A. NAKKIRAN
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
