Metal Forms Private Limited v. Vayona Energy Private Limited

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 24-06-2026

CORAM

THE HON'BLE MR.JUSTICE K.KUMARESH BABU Metal Forms Private Limited Represented by its Managing Director Mr.Arjun Parathasarathy No 83 Sengundram Road Singaperumal Koil, Chengalpet District, Tamil Nadu-603 204 ..Applicant(s) in both Applications Vs Vayona Energy Private Limited Represented by its Authorised signatory Mr.V.Annamalai, 8-16, 2nd Floor, Sej Plaza, Marve Road, Near Nutan Vidya Mandir School, Malad West, Mumbai 400 004.

..Respondent(s) in both Applications PRAYER in O.A.No.335 of 2026:- Original Application has been filed to grant an order of interim injunction restraining the Respondent, its men, agents, employees or any person claiming through or under them from invoking the Bank Guarantee No.OGT 0046210060643 issued by IndusInd Bank, Anna Nagar Branch, Chennai for a sum of Rs.7,00,00,000/- (Rupees Seven Crores only) and thus render justice.

PRAYER in O.A.No.336 of 2026:- Original Application has been filed to grant an order of interim injunction restraining the Respondent, its men, agents, employees or any person claiming through or under them from acting in

furtherance of its letter dated 13.04.2026 and terminating the relationship between the applicant and the respondent against the terms of the Framework Contract dated 13.04.2015 and Supplementary Agreement dated 01.09.2015. In both Applications:- For Applicant(s):

Mr.K.Harishankar For Respondent(s):

Mr.Anirudh Krishnan COMMON ORDER A Joint Memo of Compromise had been filed by the learned counsels appearing on either side enclosing the E-mails shared by the respective parties indicating that they have agreed to the terms of the Joint Memo that had been placed on record by the learned counsels appearing on either side. Learned counsels appearing on either side reiterates that the parties have settled the lis among themselves on the terms indicated in the Joint Memo of Compromise.

2. Recording the same, no further adjudication is required to be made in these Applications. Accordingly, these Applications stands disposed of as being settled out of Court. As a corollary, the Registry is directed to refund the Court fee applicable as per the Rules.

24-06-2026 Index: Yes/No Speaking/Non-speaking order GBA

K.KUMARESH BABU, J.

GBA 24-06-2026