Felix Infotech Private Limited v. Synfocom Systems LLP
Case brief
What is this about?
Madras High Court; C.M.P No. 9551 of 2025 in C.M.P.No.5387 of 2025 in Appeal (CAD) No.7 of 2025; decision date 11-11-2025; Dr.G.Jayachandran, J. (author) with Mummineni Sudheer Kumar, J.; Felix Infotech Private Limited and Koilpillai Samuel David Raj (appellants) vs Synfocom Systems LLP (respondent); advocates Mr.K.V.Sajeev Kumar (appellants) and Mr.S.Venkatesh (respondent); Section 151 C.P.C.; modification of condition for stay/enforcement in commercial appeal; Bank Guarantee enhanced from 50% to 75% of decreetal amount (Rs.90,01,800/-); deposit to credit of C.O.S. No.29 of 2023, Principal Commercial Court at Chennai; guarantee to be kept alive till disposal of appeal; no precedents cited.
What did the court decide?
Petition allowed: order dated 10.03.2025 in C.M.P.No.5387 of 2025 modified so that the appellant may furnish a Bank Guarantee of Rs.90,01,800/- (75% of the decreetal amount) to the credit of C.O.S. No.29 of 2023, Principal Commercial Court at Chennai, and keep it alive till disposal of Appeal (CAD) No.7 of 2025.