JUDGMENT :

(Prayer: Civil Suit has been filed under Order IV, Rule 1 of O.S. Rules Read with Order VII, Rule 1 of C.P.C., praying to pass a judgment and decree against the defendants by:

(a) directing the defendant to pay a sum of Rs.21,86,88,966/- (Rupees Twenty One Crores Eight Six Lakhs Eighty Eight Thousand and Nine Hundred and Sixty Six Only) as on 31.05.18 on the Principal sum of Rs.16,77,17,100/- (Rupees Sixteen Crores Seventy Seven Lakhs Seventeen Thousand and One Hundred only) together with interest at the rate of 18% per annum from the date of plaint till the day of payment in full to the plaintiff.

(b) the costs.)

(The case has been heard through Video Conferencing)

1. The Suit before the Commercial Division of the High Court is filed on the premise that the subject matter of the present suit falls under the purview of Commercial Dispute as defined under Section 2(1)(c) (xviii) r/w proviso (1) of Section 7 of the Commercial Courts Act, 2015.

2. The gist of the plaint is that, the defendant approached the plaintiff at its office in Chennai and expressed desire to buy steami