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Madras High CourtCS/224/2012disposed of

M/S. Belair Corporation Privat v. R. Vasu And Another

2026-02-11Honourable Dr.Justice R.N.Manjula4 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 11-02-2026

CORAM

THE HON'BLE DR.JUSTICE R.N.MANJULA C.S.No. 224 of 2012 and A.No.5980 of 2025 M/s. Belair Corporation Private Limited (formerly Known As M/s. Belair Enterprises Pvt. Ltd ) Rep By Its M.D. Aravind Srinivasan Old No.140 A New No.94 Luz Church Road Mylapore Ch 4.

..Plaintiff(s) Vs

1. R. Vasu Pent House B Renaissance 11/a Ranjith Road Kotturpuram Chennai 85

2. Saralavasu W/o.R.Vasu Pent House B Renaissance 11/a Ranjith Road Chennai ..Defendant(s) PRAYER : Plaint filed under Order VII Rule 1 C.P.C., r/w. Order 4 Rule 1 of Original Side Rules, to direct the defendants to pay the plaintiff the sum of Rs.2,74,60,403/- together with interest on Rs.1,98,23,969/- at the Contract rate i.e., at 12% per annum or at a rate to be fixed by the Court from the date of plaint till the date of realisation.

For Plaintiff(s):

Ms. P.V.Rajeswari For Defendant(s):

Mr.Sharath Chandran for D1 Mr.Prasad Vijayakumar for D2

JUDGMENT

This Civil Suit has been filed to direct the defendants to pay the plaintiff a sum of Rs.2,74,60,403/- together with interest on Rs.1,98,23,969/- at the Contract rate i.e., at 12% per annum or at a rate to be fixed by the Court from the date of plaint till the date of realisation.

2. In pursuant to the order dated 10.02.2026, a memo of understanding has been filed by both parties and the same is recorded.

3. In view of the filing of memo of understanding, the suit is decreed as settled out of Court in terms of memo of understanding and the memo of understanding shall form part of the decree. The plaintiff is entitled to the refund of half of the Court Fee paid by the plaintiff. Consequently, connected application is closed.

11-02-2026 Index: Yes/No Speaking/Non-speaking order GSK

To

1. R. Vasu Pent House B Renaissance 11/a Ranjith Road Kotturpuram Chennai 85

2. Saralavasu W/o.R.Vasu Pent House B Renaissance 11/a Ranjith Road Chennai

DR.R.N.MANJULA, J.

GSK C.S.No. 224 of 2012 and A.No.5980 of 2025 11-02-2026