M/S. Santhosh Textile Process v. M/S. Veena Texchem Industries

AS.NO.965/2015 S.S.SUNDAR, J., and A.A.NAKKIRAN, J., [Order of the Court was made by S.S.SUNDAR, J] After pronouncement of judgment in the above Appeal Suit, the learned counsel for the appellants submitted that the appellants have deposited 50% of the amount decreed while getting interim order during the pendency of the appeal. It is also stated that out of the amount deposited by the appellants, 50% of the amount has been permitted to be withdrawn by the respondent.

2.Since the Appeal Suit is allowed, the respondent is directed to re-deposit the amount withdrawn by the respondent. It is made clear that the respondent need not pay any interest for the amount which they have withdrawn, as permission was granted by this Court and no argument was advanced before this Court by the appellants on this aspect during the final hearing of the Appeal Suit.

[SSSRJ] [AANJ] 15.06.2023 https://www.mhc.tn.gov.in/judis AP Internet: Yes