Friday, 08, May, 2026
 
 
 
Expand O P Jindal Global University
 
  
  
 
 
 

V.E.Elango vs M/S.Smc Global Securities Limited
2025 Latest Caselaw 2103 Mad

Citation : 2025 Latest Caselaw 2103 Mad
Judgement Date : 27 January, 2025

Madras High Court

V.E.Elango vs M/S.Smc Global Securities Limited on 27 January, 2025

                                                                      C.R.P.(PD)Nos.3247, 3250, 3252,
                                                                             3253, 3258 & 3259 of 2024

                                  IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                 DATED: 27.01.2025

                                                      CORAM :

                         THE HONOURABLE MR.JUSTICE V. LAKSHMINARAYANAN

                                           C.R.P.(PD)Nos.3247, 3250, 3252,
                                              3253, 3258 & 3259 of 2024
                                      and C.M.P.Nos.17358, 17368, 17375, 17378,
                                                17388 & 17392 of 2024

                     V.E.Elango            .. Petitioner in C.R.P.Nos.3247, 3250 & 3252/2024
                     (Constituent)

                     V.Kanchana            .. Petitioner in C.R.P.Nos.3253, 3258 & 3259/2024
                     (Constituent)

                                                          Vs

                     M/s.SMC Global Securities Limited
                     (Trading Member), No.17,
                     Netaji Subash Marg, Darya Ganj,
                     New Delhi-110 002.                            .. Respondent in all CRPs.



                     Common Prayer in C.R.P.Nos.3247, 3250 & 3252 of 2024: Civil
                     Revision Petitions are filed under Section 115 of the Code of Civil
                     Procedure, 1908 against the fair and decretal order dated 18.07.2024
                     passed in E.P.Nos.2865, 2863 & 2871 of 2023 in Arbitration Matter




                     1/18

https://www.mhc.tn.gov.in/judis
                                                                         C.R.P.(PD)Nos.3247, 3250, 3252,
                                                                                3253, 3258 & 3259 of 2024

                     No.CM/C-0086/2007 on the file of the learned IX Assistant Judge, City
                     Civil Court, Chennai.


                     Common Prayer in C.R.P.Nos.3253, 3258 & 3259 of 2024: Civil
                     Revision Petitions are filed under Section 115 of the Code of Civil
                     Procedure, 1908 against the fair and decretal order dated 18.07.2024
                     passed in E.P.Nos.2859, 2869 & 2861 of 2023 in Arbitration Matter
                     No.CM/C-0087/2007 on the file of the learned IX Assistant Judge, City
                     Civil Court, Chennai.


                                  In all CRPs.
                                  For Petitioners   : Mr.B.Arvind Srevatsa

                                  For Respondent    : Ms.Preethi Kumari
                                                      for Mr.M.Pradeep Shankar


                                                    COMMON ORDER



Mr.B.Arvind Srevatsa and Ms.Preethi Kumari for Mr.M.Pradeep

Shankar state that the parties to these revisions have settled the matter.

2.The parties have entered into a memorandum of settlement on

24.01.2025. Pursuant to the same, Mr.B.Arvind Srevatsa has filed a

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

memo dated 27.01.2025. The memorandum of settlement and the memo

filed by Mr.B.Arvind Srevatsa are extracted hereunder:

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

I do not find anything illegal or irregular in the same.

3. Pending the revisions, I had directed the civil revision

petitioners to deposit a sum of Rs.16,67,311/-. The respondent will be

entitled to withdraw the said amount by filing an appropriate application

before the learned IX Assistant Judge, City Civil Court, Chennai. The

civil revision petitioners/judgment debtors tendered no objection for

withdrawal of the same.

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

4. The memorandum of settlement dated 24.01.2025 as well as the

memo dated 27.01.2025 are recorded and the same shall form part of this

order. Accordingly, both the civil revision petitions are disposed of. No

costs. Consequently, connected miscellaneous petitions are closed.

27.01.2025

Index:Yes/No Speaking order/Non-speaking order Neutral Citation:Yes/No kj

To

IX Assistant Judge, City Civil Court, Chennai.

https://www.mhc.tn.gov.in/judis C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024

V. LAKSHMINARAYANAN,J.

Kj

C.R.P.(PD)Nos.3247, 3250, 3252, 3253, 3258 & 3259 of 2024 and C.M.P.Nos.17358, 17368, 17375, 17378, 17388 & 17392 of 2024

27.01.2025

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