2023 Supreme(Online)(Mad) 95476
MADRAS HIGH COURT
VAATA INFRA LIMITED – Appellant
Versus
THE REPATRIATES CO-OPERATIVE FINANCE AND DEVELOPMENT BANK LTD – Respondent
A 427 2022
Application Nos.427 & 337 of 2022
in C.S.No.541 of 2007
IN THE HIGH COURT OF JUDICATURE AT MADRAS
RESERVED ON : 07.06.2023
PRONOUNCED ON : 21.06.2023
CORAM:
THE HONOURABLE MS.JUSTICE R.N.MANJULA
Application Nos.427 & 337 of 2022
in C.S.No.541 of 2007
Vaata Infra Limited,
Registered Office at
No.7, 11th Avenue,
Ashok Nagar,
Chennai - 600 083.
...
Applicant /
Plaintiff
[in both Applications]
versus
The Repatriates Co-operative Finance and
Development Bank Ltd.,
(Repco Bank Ltd),
REPCO Tower, No.33,
North Usman Road,
Chennai - 600 017.
...
Respondent /
Defendant
[in both Applications]
PRAYER in A.No.427 of 2022 : Application filed under Order XIV Rule 8
& Order 7 Rules 14(3) of Original Side Rules read with Section 151 of
Code of Civil Procedure, praying to permit the applicant / plaintiff to file 73
documents more fully described in the schedule as additional documents.
1/17
https://www.mhc.tn.gov.in/judis
Application Nos.427 & 337 of 2022
in C.S.No.541 of 2007
PRAYER in A.No.337 of 2022 : Application filed under Order XIV Rule 8
of Original Side Rules read with Order 6 Rules 16 & 17 of Code of Civil
Procedure, praying to amend the plaint as morefully set out in the schedule
hereunder (i) by adding new paragraphs 19 to 54 and by modifying para 19
and renumbering the existing said para 19 as para 55, (ii) by amending
prayer (i), (iii) to further amend the plaint by adding new prayer (ia) for
alternate relief for claim of refund of the payments made to the defendant,
amounting to a sum of Rs.7,49,96,209/- and together with compensation for
loss of interest amounting to Rs.8,40,94,286/- both aggregating to
Rs.15,90,90,495/- as on 30.06.2007 and together with further pendente lite
interest at 14% p.a., compounded at monthly rests from 30.06.2007 till the
date of payment.
For Applicant
: Mr.S.K.Srinivasan
[in both Applications]
For Respondent
: Mr.A.Ilangovan
[in both Applications]
C O M M O N O R D E R
Application No.427 of 2022 has been filed by the applicant to file 73
additional documents. Application No.337 of 2022 has been filed by the
applicant to amend the plaint. The applicant herein is the plaintiff in
C.S.No.541 of 2007.
2.
Heard the learned counsels for the applicant / plaintiff and the
respondent / defendant and perused the materials available on record.
Applications in brief:-
2/17
https://www.mhc.tn.gov.in/judis
Application Nos.427 & 337 of 2022
in C.S.No.541 of 2007
3.
The suit has been filed by the applicant / plaintiff for specific
performance, permanent injunction, declaration and directions; during the
pendency of the suit, the applicant came to know from the judgment of this
Court dated 03.12.2019 made in Crl.R.C.Nos.1322, 1324 and 1328 of 2019
that the Managing Director of the respondent / defendant Bank was charged
for misusing his official position for granting unauthorised loans; the
applicant was also apprehensive of similar acts of cheating and
misappropriation which could have been perpetrated by the defendant
against the plaintiff and hence the plaintiff made a thorough study from the
above perspective and incidentally he caught hold of several such acts
against him.
3.1.
The suit property was in possession of the plaintiff as its lessee,
the defendant initiated some recovery proceedings against the lessor and in
which the suit property was brought for sale; in the said proceedings, the
defendant had himself purchased the suit property in an auction on
16.04.1999 under a Sale Certificate dated 03.12.1999; when the plaintiff
tried to dispossess the plaintiff in pursuant to the above sale, the plaintiff
filed a suit in C.S.No.306 of 1999 by questioning the sale.
3/17
https://www.mhc.tn.gov.in/judis
Application Nos.427 & 337 of 2022
in C.S.No.541 of 2007
3.2.
During the pendency of the suit, the plaintiff and the defendant
entered into some understanding and in which the plaintiff had agreed t