Disposed

Management v. R.Karunakaran

Madras HC25 Nov 2024REV.APLW/215/2024

Case brief

AI extract

What is this about?

In this review of a writ petition concerning a co-operative society matter, the High Court acknowledged the limited scope of review regarding interest rates. The court revised the interest rate from 13.5% to 10% p.a. based on submissions and financial constraints, then disposed of the review petition without costs.

What did the court decide?

Interest rate fixed at 10% p.a.; Review Petition disposed.

Management Vs R.Karunakaran — Property and Title | Madras HC (2024)

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Rev.Aplw. No.215 of 2024

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED : 25.11.2024

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CORAM

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THE HONOURABLE Ms.JUSTICE R.N.MANJULA

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Rev.Aplw. No.215 of 2024

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Management, Rep. by its Administrator, VivekaBharathy Ty.Spl.125, Kunnam Primary Agricultural, Co-operative Credit Society, Kunnam, Perambalur District. ... Petitioner

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/vs/

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R.Karunakaran 2. The Registrar of Co-operative Societies, Office of the Registrar of Co-operative, Kilpauk, Chennai – 600 010.

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The Joint Registrar of Co-operative Societies, Perambalur, Perambalur District. ... Respondents

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Review Petition filed under Order 47 Rule 1 read with Section 114 of Civil Procedure Code, to review the order passed in W.P.No.4796 of 2021 dated 19.01.2024.

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For Petitioner ... Mr.J.Kamaraj

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Page 1 of 4

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https://www.mhc.tn.gov.in/judis

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Rev.Aplw. No.215 of 2024

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ORDER

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The scope of the review is very limited only in respect of the rate of

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interest that has been allowed in the order.

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2. In the order of the writ petition dated 19.01.2024, the interest has been fixed at the rate of 13.5%. The learned counsel for the petitioner / third respondent submitted that it is beyond the statutory interest limit and hence it should be reviewed by reducing the same. However, the learned counsel for the petitioner is also reasonable in accepting the statutory interest as 10%

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p.a.

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3. Taking into consideration of the submissions of the learned counsel

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for the petitioner and the financial constraints, I feel the petitioner shall limit the interest fixed at 10%.

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4. In view of the above observations, this Review Petition is disposed.

No costs.

25.11.2024

bkn

Page 2 of 4

https://www.mhc.tn.gov.in/judis

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Rev.Aplw. No.215 of 2024

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To:

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The Registrar of Co-operative Societies, Office of the Registrar of Co-operative, Kilpauk, Chennai – 600 010.

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The Joint Registrar of Co-operative Societies, Perambalur, Perambalur District.

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Page 3 of 4

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https://www.mhc.tn.gov.in/judis

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Rev.Aplw. No.215 of 2024

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R.N.MANJULA ,J.

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bkn

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Rev.Aplw.No.215 of 2024

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25.11.2024

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Page 4 of 4

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https://www.mhc.tn.gov.in/judis

Management v. R.Karunakaran

Case brief

What is this about?

What did the court decide?

Management v. R.Karunakaran

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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