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IN THE HIGH COURT OF JUDICATURE AT MADRAS
SENTHILKUMAR RAMAMOORTHY, J
Y.K.Mohanrao – Appellant
Versus
J.N.Jahath Ramjee – Respondent
| Table of Content |
|---|
| 1. factual basis for financial assistance and agreements. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7) |
| 2. arguments regarding the nature of the dispute. (Para 8 , 12 , 13 , 14 , 15 , 18 , 19) |
| 3. court's analysis on limitation, jurisdiction, and evidence. (Para 20 , 21 , 22 , 23 , 24 , 26 , 27 , 28 , 29 , 30 , 31) |
| 4. final decision and relief awarded to plaintiffs. (Para 34 , 35) |
JUDGMENT
The plaintiffs seek recovery of a sum of Rs.31,40,06,037 /- with interest thereon at 19.56% per annum from 28.02.2018 and further interest at 19.56% per annum on Rs.18,60,00,000/- from the date of presentation of the plaint until realization.
2. The suit claim arises out of the financial assistance provided by the plaintiffs to the defendants in relation to the acquisition of land for purposes of construction of a mega shopping mall.
3. In the plaint, the plaintiffs stated as follows. The defendants approached the plaintiffs in course of business and requested the plaintiffs to invest a sum of Rs.9,00,00,000/- for the purposes of enabling the acquisition of lands for construction of a mega mall. As consideration for such investment, the defendants agreed to provide an assured return on inves
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