Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 1, Cited by 14]

Madras High Court

Madanlal Babulal Chowatia vs M/S.J.K.Petrochemicals on 11 November, 2019

Author: N.Sathish Kumar

Bench: N.Sathish Kumar

                                                                                   C.S.No.448 of 2015

                                   IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                      Dated : 11.11.2019

                                                            CORAM

                                     THE HON`BLE MR.JUSTICE N.SATHISH KUMAR

                                                     C.S.No.448 of 2015
                                                                and
                                                      A.No.2050 of 2018
                      1.Madanlal Babulal Chowatia
                      2.Sharad Kumar Jain                                  ... Plaintiffs

                                                                 Vs

                      1.M/s.J.K.Petrochemicals
                        a partnership firm by its partnership
                        E-88, Kirti Nagar,
                        New Delhi-110015.

                      2.Hitesh Kothari
                        S/o. Jayanti Lal Kothari
                        E-88, Kirti Nagar,
                        New Delhi-110015.

                      3.Rajesh Kothari,
                        S/o.Tara Chand Kothari,
                        Nirmal Niketan,
                        1st Floor, 221, Khetwadi Main Road,
                        Mumbai- 400 004.                                   ... Defendants


                             Civil Suit filed under Order VII Rule 1 of the High Court Original Side

                      Rules read with Order XXXVII Rule 1 of CPC to direct the defendants to pay

                      jointly and severally to the plaintiffs the sum of Rs.13,66,31,802.00 (Rupees

                      1/4



http://www.judis.nic.in
                                                                                      C.S.No.448 of 2015

                      Thirteen Crore Sixty Six Lakhs Thirty One Thousand Eight Hundred and Two

                      only) as the total sum payable to the first plaintiff being Rs.4,46,66,598.00

                      (Rupees Four Crores and Forty Six Lakhs and Sixty Six Thousand and Five

                      Hundred and Ninety Eight only) and interest thereon being Rs.1,96,53,303.00

                      (Rupees One Crore Ninety Six Lakhs and Fifty Three Thousand and Three

                      Hundred and Three only) in all Rs.6,43,19,901.00 (Rupees Six Crore Forty Three

                      Lakhs Nineteen Thousand and Nine Hundred and One only) and the amount

                      payable to the second defendant being plaintiff the sum of Rs.5,02,16,598.00

                      (Rupees Five Crores and Two Lakhs and Sixteen Thousand and Five Hundred

                      and Ninety Eight only) and interest thereon being Rs.2,20,95,303.00 (Rupees

                      Two Crores Twenty Lakhs Ninety Five Thousand and Three Hundred and Three

                      only) in all Rs.7,23,11,901.00 (Rupees Seven Crores Twenty Three Lakhs

                      Eleven Thousand Nine Hundred and One only); and

                            b) interest at the rate of 12% from the date of filing the suit till the date of

                      payment of the amount due; and

                            c) costs of the suit;

                                           For Plaintiff     : Mr.T.V.Lakshmanan

                                           For defendants    : Mr.K.V.Sanjeev Kumar




                      2/4



http://www.judis.nic.in
                                                                                   C.S.No.448 of 2015

                                                         JUDGMENT

When the matter was taken up for hearing, the learned counsel for the plaintiff sought leave of this Court to withdraw this Civil Suit as the matter has been settled out of the Court and he has also made an endorsement to that effect.

2.Recording the said endorsement, this Civil Suit is dismissed as withdrawn. The Court fee paid already may be refunded. Consequently, connected application is closed.



                                                                                          11.11.2019

                      pnn




                      Index : Yes/No

                      Internet        : Yes/No

Speaking/Non-Speaking Order 3/4 http://www.judis.nic.in C.S.No.448 of 2015 N.SATHISH KUMAR, J.

pnn C.S.No.448 of 2015 and A.No.2050 of 2018 11.11..2019 4/4 http://www.judis.nic.in