Case Summary
M/s. Akay Natural Ingredients Pvt. Ltd. filed a suit against M/s. Syamala Devi Foods Pvt. Ltd. for the recovery of Rs. 2,55,000/- due from a sale of spices. The matter was settled in mediation, and the defendants agreed to pay a reduced amount.
Judgment Outcome
Judgment Favored
Plaintiff
Relief Granted
Defendant company shall pay Rs. 2,45,000/- towards full and final settlement.
Case Type
Civil Suit
Final Judgment
No
Why Plaintiff Won:
The plaintiffs successfully mediated the case which led to agreement for payment.
The plaintiffs successfully mediated the case which led to agreement for payment.
Judgment Evidence:
Hence, the suit is decreed in terms of the compromise as follows: The defendant company shall pay to the plaintiff company an amount of Rs. 2,45,000/- towards full and final settlement of the suit.
Parties Involved
Plaintiffs
M/s.Akay Natural Ingredients Pvt. Ltd. (Age not specified years)
Ambunadu, Malayidamthuruth P O, Kizhakkambalam, Eranakulam, Pin-683 561
Defendants
M/s. Syamala Devi Foods Pvt. Ltd. (Age not specified years)
XIV/85A, Chelamttom, Okkal P O, Chelamattom Village, Kunnathunadu Taluk, Perumbavoor, Pin- 683 550
Murali T (55 years)
Thoppil House, Chelamttom, Chelamattom Village, Kunnathunadu Taluk, Okkal P.O, Perumbavoor, Pin- 683 550
Reliefs
Relief Type:
Recovery
Outcome:
Granted
Description:
The defendant company shall pay to the plaintiff company an amount of Rs.2,45,000/- towards full and final settlement of the suit.
Evidence:
Thus, the suit is decreed in terms of the compromise as follows: 1. The defendant company shall pay to the plaintiff company an amount of Rs.2,45,000/- (Two lakhs Forty-Five Thousand Rupees Only) towards full and final settlement of the suit.
Relief Type:
Recovery
Outcome:
Granted
Description:
In the event the defendant company fails to make full payment, the plaintiff company shall be entitled to recover any balance amount remaining unpaid together with interest.
Evidence:
In the event the defendant company fails to make full payment as stated above, the plaintiff company shall be entitled to recover any balance amount remaining unpaid out of the said amount of Rs.2,45,000/- together with interest at the rate of 12% per annum.