Asoj Soft Caps Pvt. Ltd. v. Tamilnadu Medical Services Corporation Ltd.
Case brief
What is this about?
Madras High Court, CMP Nos.7661 & 9185 of 2025 in Appeal (CAD) No.30 of 2024, order dated 15.04.2025, coram K.R.Shriram CJ and Mohammed Shaffiq J. Settlement-disbursement order implementing joint memo of compromise: Registry to pay Rs.49,95,697/- without deduction to Asoj Soft Caps Pvt Ltd from the Rs.70,00,000/- deposit made by Tamil Nadu Medical Services Corporation Ltd; balance with accumulated interest returned to appellant except TDS; timeline two weeks from advocates' letters; appeal previously disposed on 14.03.2025. Counsel: J.V.Sakthi Baalakrishnan for Asoj Soft Caps; E.Balamurali (M/s.Shivakumar and Suresh) for TNMSC. No statute or precedent cited.
What did the court decide?
In terms of the joint memo of compromise, the Registry is directed to pay Rs.49,95,697/- (without deduction) out of the appellant's deposit to Asoj Soft Caps Pvt Ltd, credited to the account mentioned in the Advocate's letter, and to return the balance with accumulated interest (except TDS, if any) to the appellant, all within two weeks of receiving letters from the respective advocates.