Vaithi Holdings Pvt Ltd v. Sri Renga Property Developers Pvt Ltd
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 12.04.2024 CORAM :
THE HONOURABLE MR.JUSTICE V. LAKSHMINARAYANAN & C.M.P.Nos.
24024 and 24019 of 2023 C.R.P No.3892 of 2023 1.M/s.Vaithi Holdings Pvt. Ltd., Rep. By its Authorized Representative P.Murugan No.M-203, The Retreat by Mint Homes Senthil Nagar Sowripalayam Road Coimbatore - 641 028 .. Petitioner vs.
1. M/s.Sri Renga Property Developers Pvt. Ltd., Rep. By its Managing Director S.Rajahram No.68, Bharathi Park Road 7th Cross Saibaba Colony Coimbatore
2. M/s.Oriental Bank of Commerce Rep. By is Chief Manager (Law) No.1057, Jaya Enclave Avinashi Road Coimbatore - 641 018 ..Respondents Civil Revision Petition filed under Article 227 of the Constitution of India against the fair and decretal order dated 30.08.2023 passed in 1/5
I.A.No.2 of 2023 in AOP No.130 of 2023 by the Commercial Court, District Judge Cadre, Coimbatore.
C.R.P No. 3894 of 2023 1.Rufi Real Estates & Investments Private Limited Represented by its Director M-203, The Retreat by Mint Homes Senthil Nagar Sowripalayam Road Coimbatore - 641 028
2. M/s.Mint Homes Private Limited Represented by its Director P.Murugan M-203, Senthil Nagar Sowripalayam Road Coimbatore - 641 028 .. Petitioners vs.
1. M/s.Sri Renga Property Developers Private Limited (a Company registered under the Companies Act, 1956) Rep. By its Managing Director S.Rajahram No.68, Bharathi Park Road 7th Cross Saibaba Colony Coimbatore
2. Mr.R.Rajahram
3. Mr.Jayalakshmi
4. Mr.Pradeep Kumar
5. Mrs. Preethi ..Respondents Civil Revision Petition filed under Article 227 of the Constitution of India to set aside the order dated 30.08.2023 passed in I.A.No.2 of 2023 in AOP No.129 of 2023 by the Commercial Court, District Judge Cadre, Coimbatore.
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For Petitioner/s :
Mr.A.Thiyagarajan in both CRPs For Respondents :
Mr.S.Mukunth Senior counsel for Mr.Sam Jayaraj Houston of M/s.Sarvabhauman Associates COMMON ORDER Heard Mr.S.Ramesh, learned counsel for petitioners in both Civil Revision Petitions and Mr.S.Mukunth, learned Senior counsel representing Mr.Sam Jayaraj Houston of M/s. Sarvabhauman Associates (Law firm) for respondents.
2. Both sides submit that parties have arrived at a settlement and the terms have been reduced to writing in the form of Memorandum of Compromise dated 26.02.2024.
3. Mr.Raj Natarajan, Managing Director of the petitioner company, Mr.Rajahram, Managing Director of Sri Ranga Property Developers Private Limited and Mr.Pradeep Rangarajan are present through Videoconferencing. They affirm that the settlement has been arrived between the parties out of their own free will and consent. The parties 3/5
have been identified by their respective counsel, Mr.Ramesh, learned counsel for petitioners in both Civil Revision Petitions and Mr. Sam Jayaraj Houston of M/s. Sarvabhauman Associates (Law firm).
4. Recording the submission of both sides, these Civil Revision Petitions are closed. It is left open to the parties to approach Commercial Court, Coimbatore for the purpose of recording the compromise. No costs. Consequently, the connected miscellaneous petitions are closed. 12.04.2024 Index:Yes/No gpa To The Commercial Court District Judge Cadre, Coimbatore 4/5
V. LAKSHMINARAYANAN, J.
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