M/s. Aruna Theatres and Enterprises Pvt. Ltd. v. M/s. AnnaimoogambigaiRollar Flour Mills Pvt. Ltd.
Case brief
What is this about?
Madras High Court, Justice K. Kumaresh Babu, C.S.No.12 of 2025 (with A.No.275 of 2025 & OA.No.57 of 2025), decided 14.02.2025. Money-recovery suit under Order XXXVII Rule 1 CPC (summary proceeding) by M/s. Aruna Theatres and Enterprises Pvt. Ltd. against M/s. Annaimoogambigai Rollar Flour Mills Pvt. Ltd. for Rs.35,22,01,039/- (principal Rs.13,50,00,000/- plus 14% interest from 31.10.2008 to 20.11.2024). Decree passed on defendant's written Memo of admission signed by its Director and the Director's oral acknowledgement of liability before the Court; suit decreed as prayed for with future interest alone restricted to 6% per annum from date of filing till realisation. Keywords: admission of liability, memo, consent-type decree, summary suit, recovery of money, future interest reduction.
What did the court decide?
Judgment and decree against the defendant company for payment of Rs.35,22,01,039/- (principal of Rs.13,50,00,000/- plus interest at 14% per annum from 31.10.2008 to 20.11.2024 amounting to Rs.21,72,01,039/-), with future interest restricted to 6% per annum from the date of filing of the suit till realisation of the suit claim.