M/S Tube Investments Of India v. M/S Sujana Industries Ltd.,

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 24.08.2021 CORAM : JUSTICE N.SESHASAYEE M/s.Tube Investments of India Ltd., Rep.by its Manager (Legal) Mr.P.Gopalakrishnan ...

Plaintiff Vs.

M/s.Sujana Industries Limited, Plot Nos.10, 11 & 12, IDA Bollaram, Jinnaram Mandal, Medak District, Andhra Pradesh.

... Defendant PRAYER : Civil Suit filed under Order IV Rule 1 of the O.S. Rules read with Order VII Rule 1 of C.P.C., prays for a Judgment and Decree against the defendant:- (a) directing the defendant to pay the plaintiff a sum of Rs.1,04,64,830/- (Rupees One Crore Four Lakhs Sixty Four Thousand Eight Hundred and Thirty Only) together with future interest at 30% per annum from the date of plaint till date of realisation;

(b)Appointing a Commissioner to seize the leased machinery more fully described in the Schedule written hereunder and directing him to deliver in to the plaintiff; 1/3

(c) to pay costs of the suit.

For Plaintiff : Ms.Sharanya Vaidhyanathan

JUDGMENT

The learned counsel for the plaintiff seeks leave of the Court to withdraw the suit.

2. Leave granted.

3. In view of the submission made by the learned counsel for the plaintiff, this suit is dismissed as withdrawn. No costs.

4. Since the matter has been amicably settled between the parties out of Court, Registry is directed to refund the Court fee as per law. The plaintiff is also entitled to withdraw the amount of Rs.25,00,000/- in Court deposit standing to the credit of the suit in terms of the order passed by this Court in A.No.5629 of 2003 dated 19.01.2004. 24.08.2021 ssn Index : Yes / No 2/3

N.SESHASAYEE.J., ssn 24.08.2021 3/3