Val-Met Engineering Private Limited v. Trusted Aerospace And Engineering Corporation

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 02-06-2026

CORAM

THE HON'BLE MR.JUSTICE K.KUMARESH BABU Val-Met Engineering Private Limited Rep. by its Managing Director - P.H.Subramoni, No.240, SIDCO Industrial Estate, Ambattur, Chennai - 600 098.

..Plaintiff(s) Vs

1. Trusted Aerospace and Engineering Corporation 17431 North Black Canyon HWY 18401 N Black Canyon HWY Phoneix, Arizona 85023 United States of America.

2. Sankarraman Vaidhyanathan No.3, Sambasivam Street T.Nagar, Chennai - 600 017.

Having office at :- 17431 North Black Canyon HWY 18401 N Black Canyon HWY Phoenix, Arizona 85023 United Statesof America Also having office at, 18A, 3rd Floor, BBC Manor T.Nagar, Chennai - 600 017.

3. Trusted Aerospace Engineering Pvt. Ltd.

Registered Office at 18A, 3rd Floor, BBC Manor T.Nagar, Chennai - 600 017.

..Defendant(s) Civil Suit filed under Order 4 Rule 1 of O.S. Rules read with Order VII

Rule 1 of CPC and Section 7 of the Commercial Couts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015, for the following reliefs:- (a) Against the 1st and 2nd defendants, directing them to jointly and severally pay to the plaintiff a sum of INR 5,20,55,625/- along with further interest as may accrue between the filing of the plaint and date of payment; (b) directing the 1st and 2nd defendants to pay the costs of the suit and (c) to pass such further or other orders as this Court may deem fit and proper. For Plaintiff(s):

Mr.Subhang P.Nair For Defendant(s):

Mr.T.M.Mano (D1 to D3)

J U D G M E N T

The parties have resolved their disputes among themselves and have filed a Memorandum of Compromise, which was also taken on record and the application in Application No. 6445 of 2025 was disposed of on the strength of the Memorandum of Compromise dated 15.04.2024.

2. Today when the matter was taken up for hearing, the learned counsel for the plaintiff would submit that the amount that had been agreed to pay by the defendants has also been paid to the plaintiff and therefore, there is no claim subsist as against the defendants.

3. Recording the Memorandum of Compromise as well as the statement made by the learned counsel for the plaintiff, the Suit stands disposed as being settled out of Court.

4. Registry is directed to refund the Court-fee as applicable. 02-06-2026 Index: Yes/No Speaking/Non-speaking order Maya

K.KUMARESH BABU, J.

Maya Dated : 02-06-2026