Vgn Projects Estates Private Limited v. Vgn Stafford Flat Owners Welfare Association
Case brief
What is this about?
Settlement-driven disposal of two cross commercial suits between VGN Projects Estates Private Limited (developer) and VGN Stafford Flat Owners Welfare Association: developer's suit (C.S.(Comm.Div.) No.53 of 2021) for maintenance charges of Rs.2,41,85,458 under agreement dated 21.10.2019 with 18% interest and injunctions; association's suit (C.S.(Comm.Div.) No.341 of 2025) for refund of Corpus Fund of Rs.3,53,74,175 collected at Rs.25 per sq.ft, electricity charges of Rs.17,62,979, and handover of project documents. Both suits decreed in terms of memorandum of understanding dated 12.01.2026; developer paid Rs.1,00,00,000 towards corpus fund refund as full and final settlement; MoU integral part of decree; no order as to costs; no merits adjudication; no precedents cited; Madras High Court, Senthilkumar Ramamoorthy J., 28-01-2026.
What did the court decide?
Both suits decreed in terms of the memorandum of understanding dated 12.01.2026, which forms an integral part of the decree; VGN Projects paid Rs.1,00,00,000 by demand draft (handed over in Court) towards refund of Corpus Fund as one-time full and final settlement; no order as to costs.