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Regaliaa Realty Ltd vs Karvy Financial Services Limited
2021 Latest Caselaw 16406 Mad

Citation : 2021 Latest Caselaw 16406 Mad
Judgement Date : 11 August, 2021

Madras High Court
Regaliaa Realty Ltd vs Karvy Financial Services Limited on 11 August, 2021
                                                                                    C.S.No.472 of 2019


                                   IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                    DATED: 11.08.2021

                                                           Coram

                                    The HONOURABLE MR. JUSTICE V.PARTHIBAN

                                                   C.S.No.472 of 2019
                                          and A.Nos. 2148 of 2020 & 5655 of 2019

                     1. Regaliaa Realty Ltd.
                        represented by its Director,
                        Mrs.Kavitha Reganathan,
                        Having its Registered office at
                        No.10, Tarapore Avenue,
                        Harrington Road,
                        Chennai - 600 031.

                     2. Mr.D.Sudhakara Reddy

                     3. Ms.Deephtha Reddy,
                        represented by is Power Agent
                        Mr.D.Sudhakara Reddy                              ...... Plaintiffs

                                                    vs.
                     Karvy Financial Services Limited
                     represented by its Managing Director
                     Nos.705 and 706, 7th Floor,
                     Hallmark Business Plaza,
                     Sant Dnyaneshwar Marg,
                     Off Bandra Kurla Complex,
                     Mumbai- 400 051.                                         ..... Defendant

                               Plaint filed under Order VII Rule 1 of the Civil Procedure Code, 1908

                     read along with Order IV Rule 1 of the Original Side Rules for the reliefs that


https://www.mhc.tn.gov.in/judis/
                                                                                     C.S.No.472 of 2019


                     the defendant company be ordered and decreed and directed to pay the 1st

                     plaintiff company a sum of Rs.4.33 Crore as compensation towards the

                     statutory expenses incurred by the 1st plaintiff company along with interest at

                     the rate of 24% p.a. from the date of plaint, till the Date of realization and

                     that the defendant company be ordered and decreed and directed to pay as

                     damages of Rs.2,39,84,647/- to the 2nd plaintiff and Rs.39,76,751/- to 3rd

                     plaintiff along with interest at the rate of 24% p.a. from the date of plaint till

                     realisation and for cost of the present suit.

                               For Plaintiffs            ... No appearance
                                   For Defendant         ... Mr.Arun Anbumani

                                                      JUDGMENT

When the matter is posted today under the caption ' for dismissal', there

is no appearance on behalf of the plaintiffs. This Court vide, earlier order,

dated 14.07.2021, after taking note of the submission made by the learned

counsel appeared for the plaintiffs that he was unable to get instructions from

his clients despite his best efforts, directed the Registry to issue summons to

the 1st and 3rd plaintiffs returnable by 06.08.2021 and posted the matter on

06.08.2021. The 2nd plaintiff was stated to have expired during the pendency

https://www.mhc.tn.gov.in/judis/ C.S.No.472 of 2019

of the Civil Suit.

2. On 06.08.2021, this Court found that there was no appearance on

behalf of the plaintiffs despite service of summons on 04.08.2021 on the 1st

and 3rd plaintiffs and their names being printed in the cause list. However, in

order to provide final opportunity for the appearance of the plaintiffs 1 & 3,

the matter was posted under the caption ' for dismissal' on 11.08.2021.

3. Today also, there is no appearance on behalf of the plaintiffs. In

view of the same, this Court is constrained to dismiss the Suit for non-

prosecution. Accordingly, the Civil Suit is dismissed for non-prosecution. No

costs. Consequently, connected applications are closed.

11.08.2021 vsi

Index:Yes/No Internet:Yes

https://www.mhc.tn.gov.in/judis/ C.S.No.472 of 2019

V.PARTHIBAN,J

vsi

C.S.No.472 of 2019

11.08.2021

https://www.mhc.tn.gov.in/judis/

 
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