Thursday, 14, May, 2026
 
 
 
Expand O P Jindal Global University
 
  
  
 
 
 

M/S.Mtc Business P Ltd vs Mr.S.P.Annamalai
2021 Latest Caselaw 22741 Mad

Citation : 2021 Latest Caselaw 22741 Mad
Judgement Date : 19 November, 2021

Madras High Court
M/S.Mtc Business P Ltd vs Mr.S.P.Annamalai on 19 November, 2021
                                                                               C.S.625 of 2011

                                   IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                Dated :19.11.2021

                                                     Coram:

                                  THE HONOURABLE Mr.JUSTICE N.ANAND VEKATESH

                                               C.S.No.625 of 2011

                     1. M/s.MTC Business P Ltd.,
                        Represented by its Manager,
                        Mr.Chintan Dhariwal,
                        Registered Office at No.301-302, Vertex Vikas “A” Wing,
                        Andheri East, Mumbai,
                        Having Regional Office at
                        808, Poonamalli High Road,
                        6-A, Clave Chaiteu,
                        Kilpauk, Chennai 600 010.

                     2. M.S.Metal & Steels Pvt Ltd.,
                        Rep. By its Manager Mr.Bhavesh J Bafna,
                        808, VI “A” Clave Chateau (Nilgiris Super Market, Building),
                        Poonamalli High Road,
                        Kilpauk, Chennai 600 010/                          .. Plaintiffs

                                                    /versus/

                     1. Mr.S.P.Annamalai

                     2. MAG SPOLIKA Z.O.O.,
                        Rep by its Director Mr.Harpreeth singh Thappar,
                        UL, Lanow, A 25/15,
                        87-800, WLOCLAWEK,
                        Poland.

                     3. Union Bank of India,

                     1/5
https://www.mhc.tn.gov.in/judis
                                                                                    C.S.625 of 2011

                           Mayani Manor, Andheri Kurla Road,
                           Andheri east,
                           Mumbai – 69

                     4. Kredyt Bank S.A.ul
                        Kosciuszki-3,
                        Wloclawek, Post,
                        Code – 87-800
                        Poland.

                     5. S.Shann,
                        Laks Singapore PTELTD.,
                        No.3, Cole man street,
                        No.03-29-Peninsula-HEfel
                        Singapore 179 804                                        ..Defendants

                     Prayer: Civil Suit has been filed under Order IV Rule I of O.S.Rules and

                     order VII Rule 1 of CPC praying to pass a judgment and decree for:-

                                  (a) granting declaration that the sale transaction between the
                     plaintiffs and the second defendant through the first and fifth
                     defendants pursuant to the proforma invoice-sale contract dated
                     07.05.2011 is cancelled and the second defendant is not entitle to
                     receive the sale consideration for the delivered goods of 500 mt since
                     the commodity were not sent as mentioned in the said proforma
                     invoice-sale contract.
                                  (b)   directing the defendants jointly and severally to refund a
                     sum 239000USD (equivalent to Rs.1,09,94,000/- (Rupees One crore
                     Nine lakhs Ninety four thousand only) at the existing rate of US dollar
                     as on the date of filing suit at Rs.46/- per USD) with interest of 24% pa
                     from the date of filing of this suit till realisation for which letter of

                     2/5
https://www.mhc.tn.gov.in/judis
                                                                                            C.S.625 of 2011

                     credit bearing No.3192NI000 25711 dated 16.05.2011 accepted and
                     confirmation given by the third defendant bank and encashed by the
                     second defendant.
                                  (c)   To recover a sum of Rs.8,31,600/- towards the locs cost
                     spent by the plaintiffs to handle the unworthy material of 462 mts
                     from the first, second and fifth defendants jointly and severally.
                                  (d)   Declaring that the sale transaction between the plaintiffs
                     and the second defendant through the first and fifth defendants
                     pursuant to the proforma invoice sale contract date 09.06.2011 is
                     cancelled and the second defendant is not entitle to receive the sale
                     consideration or the un-delivered goods of 1500 mt since the
                     commodity were not sent as mentioned in the said proforma invoice
                     sale contract.
                                  (e)   Granting permanent injunction restraining the third
                     defendant bank from giving acceptance and confirmation to the fourth
                     defendant to honour the letter of credit bearing No.31920NI00030911
                     dated 13.08.2011 issued by the third defendant bank and allowing the
                     second defendant from encashing the letter of credit and thus render
                     justice.
                                  (f) granting cost of the suit.
                                               For Plaintiffs       :Mr.U.Karunakaran
                                               For Defendants       : Mr.Srinath Sridevan
                                                                         for D3
                                                                ------



                     3/5
https://www.mhc.tn.gov.in/judis
                                                                                C.S.625 of 2011

                                                    JUDGMENT

When the matter was taken up for hearing on 21.09.2021,

the learned counsel for the plaintiffs submitted that he wants to take

instructions from the plaintiffs. Thereafter, the matter was once again

taken up for hearing on 05.10.2021 and the learned counsel for the

plaintiffs once again took time to report as to whether the plaintiffs

would be interested in prosecuting the suit. When the matter was

once again called on 21.10.2021, there was no representation for the

plaintiffs. Even today, there is no representation for the plaintiffs. It

is clear that the plaintiffs are not interested in prosecuting this suit

and accordingly, this suit is dismissed for default.

19.11.2021

rka

https://www.mhc.tn.gov.in/judis C.S.625 of 2011

N.ANAND VENKATESH,J.

rka

C.S.No.625 of 2011

19.11.2021

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

 
Download the LatestLaws.com Mobile App
 
 
Latestlaws Newsletter
 

Publish Your Article

 

Campus Ambassador

 

Media Partner

 

Campus Buzz

 

LatestLaws Guest Court Correspondent

LatestLaws Guest Court Correspondent Apply Now!
 

LatestLaws.com presents: Lexidem Offline Internship Program, 2026

 

LatestLaws.com presents 'Lexidem Online Internship, 2026', Apply Now!

 
 

LatestLaws Partner Event : IJJ

 

LatestLaws Partner Event : Smt. Nirmala Devi Bam Memorial International Moot Court Competition

 
 
Latestlaws Newsletter