Catalyst Trusteeship Limited v. Sagar Deposits And Advances Limited

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 20.06.2025

CORAM

THE HONOURABLE MR.JUSTICE SENTHILKUMAR RAMAMOORTHY A.No.2760 of 2025 Catalyst Trusteeship Limited GDA House, first floor, Plot No.85, Bhusari Colony (Right), Kothrud Pune, Maharashtra and another ... Applicants -vsSagar Deposits and Advances Limited Represented by its Authorised Signatory Plot No.344, Nemisagar Queens Road, Vaishali Nagar, Jaipura, Rajasthan 302 021. and 3 Others ... Respondents For Applicants : Mr.H.Aravindh Pandian, Sr. Advocate for M/s.Pawan Jhabakh **********

ORDER

In a proposed suit for recovery of money and injunctive relief, the intending plaintiff seeks leave to sue the respondents before this Court. In the draft plaint, it is asserted that a part of the cause of action has arisen in Chennai and that one of the repayment cheques was deposited in Chennai. SENTHILKUMAR RAMAMOORTHY,J 1/2 https://www.mhc.tn.gov.in/judis

rna It is further stated that the debenture trustee agreement and debenture trust deed contain exclusive jurisdiction clauses conferring such jurisdiction on Courts in Chennai.

2. Upon considering the aforesaid, this application is liable to be and is hereby allowed by granting leave to the applicant to sue the respondents before this Court. Consequently, the Registry is directed to number the suit, if otherwise in order.

20.06.2025 rna A.No.2760 of 2025 2/2 https://www.mhc.tn.gov.in/judis