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2017 Supreme(Mad) 91

C.V.KARTHIKEYAN
Heeralal Constructions Pvt. Limited – Appellant
Versus
Gee Gee Holdings (Chennai) Pvt. Limited – Respondent


Advocates Appeared:
For the Plaintiff : Mr. Murari, Ms. Kavitha Kannan
For the Defendant : Mr. P.R. Raman

JUDGMENT :

This civil suit is filed by the Plaintiffs to pass a judgment and decree, against the Defendants:-

(a) directing the 1st Defendant to pay the Plaintiffs a sum of Rs.11,34,37,500/- with interest on the principal amount of Rs.8,25,00,000/- at 15% per annum from the date of the suit till the date of realisation.

(b) directing the Defendants to pay the costs of the suit.

2. The case of the plaintiffs, as set out in the plaint, is as follows:-

a. The 1st Plaintiff is a Company incorporated under the Companies Act, 1956 and the 2nd Plaintiff is the Managing Director of the 1st Plaintiff Company. The Defendants 1 and 2 are also Companies, registered under the Companies Act, 1956. The 3rd Defendant, as has been brought out in the evidence, is the brother's son of the 2nd Plaintiff. The 1st Plaintiff Company was incorporated on 20.09.1978 with the object of undertaking real estate business activities. The 2nd Plaintiff had subscribed to 10 equity shares, out of the initial paid up capital of 50 shares of Rs.10/- each. The other subscribers are his family members.

b. It had been further stated that the Tamil Nadu Congress Committee Charitable Trust (herein after referred to as the Trust



































































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