Madras High CourtCS/128/2016withdrawn dismissed

63 Moons Technologies Limited, v. Madhu P.Desai

2023-02-13Honourable Mr Justice N. Seshasayee4 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

Dated : 13.02.2023 CORAM : JUSTICE N.SESHASAYEE M/s.63 moons Technologies Limited [Formerly known as Financial Technologies (India) Limited] Represented by its Authorised Signatory Mr.John Deepak having its registered office at Shakti Tower - II, 7th Floor E-766, Anna Salai, Thousand Lights Chennai - 600 002 (Amended as per order dated 06.08.2021 made in A. No.2684 of 2021) .... Plaintiff Vs 1.Madhu P Desai Trustee of NSEL Aggrieved and Recovery Association (NAARA) Olympus House, 1st Floor Ragunath Dadaji Street Off. Rustomji Sidhwa Marg Fort, Mumbai 400 001 2.NSEL Aggrieved and Recovery Association (NAARA) Represented by its Trustee Olympus House, 1st Floor Page 1/4

Ragunath Dadaji Street Off. Rustomji Sidhwa Marg Fort, Mumbai 400 001 .... Defendants Prayer : Civil Suit filed under Order IV Rule 1 of O.S. Rules read with Order VII Rule 1 of CPC for a judgment and decree (a) directing the 1st and 2nd defendants to pay jointly or severally the sum of Rs.1,00,00,000/- (Rupees One Crore only) as compensation to the plaintiff for having caused severe damage and defamation; (b) directing the 1st and 2nd defendants publish an unconditional apology in prominent newspapers; (c) granting an order of permanent injunction restraining the defendants from publishing or writing any false, defamatory and slanderous material about the plaintiff and its management; directing the 1st and 2nd defendants to pay the costs of the suit. For Plaintiff : M/s.Waron and Sairams For Defendants : Ms.Madhupreetha Elango

JUDGMENT

Both sides have compromised the matter. The terms of the Joint Memo of Compromise is disclosed in the letter of the second defendant dated 22.11.2022 addressed to the plaintiff, wherein, they have given an undertaking to abide by the interim order passed by this court in O.A. No.142 of 2016 in C.S. No.128 of 2016 at all times. Based on this undertaking letter given by the defendants, the Page 2/4

plaintiff wants to withdraw the suit. The said Joint Memo of Compromise along with the letter is recorded . The suit is dismissed as withdrawn. No costs. The Registry is required to refund the court fee, as per law. 13.02.2023 Asr Page 3/4

N.SESHASAYEE.J., Asr 13.02.2023 Page 4/4