M.Arumugam v. Vinay Asrani and 8 others
Case brief
What is this about?
FDR release; direction to Registrar General to endorse and hand over fixed deposit receipt A/c.No.130804000012576 (No.2023/MDRY 0727583 dated 29/04/2025), Indian Overseas Bank Choolaimedu Branch, Rs. 1 crore with accrued interest; settlement before mediation centre on 17.06.2026; order dated 03.07.2026; application filed by D4; no objection by plaintiff's counsel; parties include M.Arumugam S/.Murugesan, Vinay Asrani, Ramesh Asrani (HUF), Damodar Hariram (HUF), Amit Damodar Chugh (HUF), M/s.Rajkham Builders Private Limited, Arumugam Murugesan, Arumugam Rajalakshmi, T.Muthu Vijayan, Niruba Rani; Madras High Court; A. No. 2984 of 2026 in C.S. No. 48 of 2023; decided 14.07.2026 by Dr. Justice A.D. Maria Clete.
What did the court decide?
Direction to the learned Registrar General to endorse and hand over to the applicant the FDR in A/c.No.130804000012576 (No.2023/MDRY 0727583 dated 29/04/2025) drawn on Indian Overseas Bank, Choolaimedu Branch, for Rs. 1,00,00,000/- (Rupees One Crore only) with accrued interest till date of encashment.