K.Shibu v. C.S.Padam Chand
Case brief
What is this about?
Keywords: return of original settlement deed; surety/security documents; direction to Registry; C.M.P.No.3150 of 2025; OSA(CAD) No.18 of 2023; Madras High Court; O.A.No.130 of 2023; A.No.70 of 2023; interim injunction vacated; movie “Thugs”; Thameem Films; K.Shibu; C.S.Padam Chand; arbitral proceedings terminated 31.12.2024; allegations of fraud, forgery and cheating; proposed civil suit not filed; security in non-existent proceedings; Rs.2,60,00,000/- immovable security or bank guarantee; Mumthas Muhameed; Sub Registrar Virugambakkam. Summary: A Division Bench of the Madras High Court allowed a miscellaneous petition seeking return of a settlement deed deposited as security pursuant to an earlier order in OSA(CAD) No.18 of 2023, holding that after termination of the arbitral proceedings and with no suit filed, respondent No.1's demand to retain the security amounted to wanting security in non-existent proceedings, and directed the Registry to return the deed within three days of an application.