T.Chandra Sagar James v. Kurunji Nidhi Limited

1 ARB.APPEAL.(MD)NO.69 OF 2025 BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED: 27.01.2026

CORAM

THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN AND THE HON'BLE MRS.JUSTICE R.KALAIMATHI ARB.APPEAL(MD)No.69 of 2025 and C.M.P.(MD)No.19484 of 2025 T.Chandra Sagar James ... Appellant / Petitioner Vs.

Kurunji Nidhi Ltd., Rep. by its POA, M.P.Immam Singh, No.283, S.A.Raja Palace, M.S.Road, Vetturnimadam, Nagercoil - 629 003.

... Respondent/Respondent Prayer: Arbitration Appeal filed under Section 37(1)(c) of the Arbitration and Conciliation Act, 1996, to set aside the order and decretal order dated 24.09.2025 passed in Ar.O.P.No.65 of 2023 on the file of the Principal District Judge, Kanyakumari District at Nagercoil by allowing Arbitration Appeal.

For Petitioner : Mr.R.Murugan For Respondents : Mr.N.S.Ramakrishna Dass * * * 1/4

2 ARB.APPEAL.(MD)NO.69 OF 2025

O R D E R

The appellant availed loan from the respondent. He committed default. Since the agreement between the parties contained an arbitration clause, the matter was referred to an Arbitrator. An arbitration award was also passed. Challenging the same, the appellant herein filed Ar.O.P.No.65 of 2023 before the Principal District Judge, Kanyakumari under Section 34 of the Arbitration and Conciliation Act, 1996. The learned District Judge dismissed the petition vide order dated 24.09.2025. Aggrieved by the same, this Arbitration appeal came to be filed.

2. We suggested to the learned counsel on either side to explore the possibilities of amicably resolving the matter. We are happy to record that settlement talks were conducted and the matter has been settled in full. A joint compromise memo signed by the parties as well as their respective counsel has been filed before this Court. This arbitration appeal is disposed of in terms of the joint compromise memo dated 21.01.2026.

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3. We place on record that the appellant had paid a sum of Rs.22,00,000/- by way of two demand drafts directly to the respondent. The learned counsel appearing for the respondent has also handed over the original document to the learned counsel for the appellant in our presence. This arbitration appeal is disposed of accordingly.

4. Since the matter has been amicably settled out of Court, the appellant is entitled to refund of the Court fee paid before this Court as per rules. Since the matter has been settled and the respondent's claim has also been settled in full, E.P.No.16 of 2023 on the file of the Principal District Judge, Kanyakumari District stands terminated. No costs. Consequently, connected miscellaneous petition is closed. (G.R.SWAMINATHAN, J.) & (R.KALAIMATHI, J.) 27th January 2026 NCC : Yes / No Index : Yes / No Internet : Yes / No PMU 3/4

4 ARB.APPEAL.(MD)NO.69 OF 2025 G.R.SWAMINATHAN, J.

AND R.KALAIMATHI, J.

PMU To:

The Principal District Judge, Kanyakumari District.

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