IN THE HIGH COURT OF JUDICATURE AT MADRAS Judgment Reserved on Judgment Pronounced on

16.04.2024 30.04.2024 CORAM:

THE HONOURABLE MR. JUSTICE P.B.BALAJI C.S.No.444 of 2006 M.M.Gupta .. Plaintiff /versus/

1.M/s.Maars Software International Limited, No.92, 2nd Floor, East Coast Chambers, G.N.Chetty Road, T.Nagar, Chennai – 600 017.

2.M/s.Scope International Private Limited, A Subsidiary Company owned by Standard Chartered Bank Cards Building, First Floor, No.11, Haddows Road, Chennai-600 006.

3.M/s.Industrial Bank of India Limited, Having its Branch office at No.115, Anna Salai, Saidapet, Chennai – 600 015.

4.Stressed Assets Stabilization Fund Rep. by its Deputy General Manager, No.115, Anna Salai, Saidapet, Chennai – 600 015. .. Defendants [4^th defendant impleaded as per order dated 03.12.2021 vide A.No.4337 of 2021 in C.S.No.44 of 2006]

[D2 to D4 deleted as per order dated 05.01.2023 vide A.No.4504 f 2022, 8877, 7872 of 2019 and 2902 of 2006 in C.S.No.444 of

2006]

Prayer: This Civil Suit is filed under Order IV Rule 1 of the Original Side Rules r/w Order VII Rule 1 of the Code of Civil Procedure, prayed for a judgment and decree against the Defendant:-

a) Directing the 1^st defendant to execu