Madras High CourtCRP/3644/2009settled before the lokadalats

Vindia Exporters Pvt Ltd v. Bank Of India

2015-04-09Honourable Mr Justice S.Marimuthu (Lok-Ii)3 pages

HIGH COURT LEGAL SERVICES COMMITTEE, CHENNAI Lok Adalat-II organised by the High Court Legal Services Committee Thursday, the 09th day of April, 2015 LOK ADALAT AWARD (Chapter VI and u/s 21 of Legal Services Authorities Act, 1987) Presided over by The Hon'ble Mr.JUSTICE S.MARIMUTHU (Retd.) and Members Mr.S.S.Mariappan Ms.S.Agalya CRP.No.3644 of 2009 (This Civil Revision Petition is filed under Article 227 of the Constitution of India praying to set aside the order dated 24.05.2006 in CRL.M.P.No.1439 of 2006 on the file of Chief Metropolitan Magistrate, Egmore, Chennai 8) 1.Vindia Exporters Pvt.Ltd., Rep. by its Partners Tvl.A.R. Rajasekaran & A.R. Pradeep Kumar, Old No.70, New No.62, Aspiran Gardens, II Street, Kilpauk, Chennai-10.

2.Madhusoothanan Pillai ... Petitioners Vs.

Bank of India, Chennai Assets Recovery Branch, Rep. By its Authorized Officers, IV Floor, No.30, Errabalu Chetty Street, Chennai -1.

... Respondents On representation of the learned counsel for both sides, this case is taken up for settlement before the Lok Adalat today. Both the parties are present. The learned counsel for the petitioners, Mr.M. Aravindan & Srividhya Aravindan and the learned counsel for the respondent, Mr. K. Kumar are present.

TERMS OF SETTLEMENT The petitioners are the borrowers in Civil Revision Petition and the Bank is the respondent.

2. This Civil Revision Petition is filed under Article 227 of the Consitution of India challenging the order passed by the Chief Metropolitan Magistrate in M.P. No.1439 of 2006 whereby the petitioners were directed to handover the possession of the premises mortgaged to the Bank, through the Advocate Commissioner appointed Chief Metropolitan Magistrate.

3. In the presence of both the parties and their respective counsel, the entire dispute was negotiated and finally it was settled, for which joint memo of compromise has also been filed, signed by both the parties and their respective counsel. Therefore, an award has to be passed in terms of the joint memo of compromise filed today before this forum. Award is accordingly passed. The joint memo of compromise shall form part of the award. Sd/- Vindia Exporters Pvt.Ltd., Rep. by its Partners Tvl.A.R. Rajasekaran & A.R. Pradeep Kumar, Old No.70, New No.62, Aspiran Gardens, II Street, Kilpauk, Chennai-10.

Sd/- Sd/- Madhusoothanan Pillai Counsel for the petitioners Sd/- Bank of India, Chennai Assets Recovery Branch, Rep. By its Authorized Officers, IV Floor, No.30, Errabalu Chetty Street, Sd/- Chennai -1.

Counsel for the respondent This Lok Adalat award is passed in terms of the above settlement. The Court fee paid shall be refunded to the parties in the manner provided under the Court Fees Act, 1870 as provided for under sub Sec.1 of Section 21 r/w 25 of LSA Act 1987 as amended in 1994. Sd/- Judge Sd/- Sd/- Member Member Sd/- Assistant Registrar(Lok Adalat) //True Copy// Sub Assistant Registrar

To The parties/Advocate concerned Copy to:

1.The Chief Metropolitan Magistrate, Egmore, Chennai 8. 2.The Secretary, High Court Legal Services Committee, Chennai. 3.The Section Officer, V.R.Section, High Court, Madras. 4.The Section Officer, Lok Adalat Section, High Court, Madras. +2 Copies CRP.No.3644 of 2009 KM(CO) CA(22/04/2015)