Kalyan Jewellers India Ltd v. Jaswanth Chand Bhandari

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 11.11.2024

CORAM:

THE HONOURABLE MR.JUSTICE A.A.NAKKIRAN C. S.No.724 of 2017 Kalyan Jewellers India Limited having its registered office at TC/32/204/2, Sitaram Mill Road Punkunnam, Thrissur-680 002 Represented by its authorised signatory Mr.Pooranachandran, Regional Manager having his office at TC/32/204/2, Sitaram Mill Road, Punkunnam Thrissur-680 002 ... Plaintiff vs.

1.Jaswanth Chand Bhandari 2.Satya Rangaiah(HUF) Represented by its Karta Mr.Satya Rangaiah 3.MVRS Prasad (HUF) Represented by its Karta Mr.MVRS Prasad ... Defendants Prayer:- Civil Suit filed under Order IV Rule 1 of O.S Rules read with Order VII Rule 1 of CPC, praying for the following judgment and decree against the defendants:

a) for a sum of Rs.1,36,20,000/- comprising of the principal amount of Rs.1,20,00,000/- and interest at 18% per annum on the principal amount, from 30.07.2017 till the date of filing of this suit. 1/3

b) further interest on the principal amount of Rs.1,20,00,000/- at 18% per annum from the date of filing of the suit till the date of realisation. c) for costs.

For Plaintiff : M/s.Preeti Mohan For Defendants : Mr.P.T.Rakesh

JUDGMENT

When the matter was taken up today, the learned counsel for the plaintiff and the defendants submitted that the matter has been compromised between the parties. Pursuant to the same, they have filed a Joint Memorandum of Compromise dated 30.08.2024 which has been duly signed by them and their respective counsel. The said Joint Memorandum of Compromise is recorded.

2. In view of the same, both the suit and the counter claim are dismissed and the above Joint Memorandum of Compromise shall form part of the decree. The Court Fee is ordered to be refunded as per law. No costs.

11.11.2024 Index:Yes/No Speaking/Non-speaking order 2/3

uma A.A.NAKKIRAN,J.

uma C.S No.724 of 2017 11.11.2024 3/3