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Special Courts for Trial and Disposal of Commercial Disputes, Andhra Pradesh
Case No : COS - 35/2022
Diary No : 3653605001092022
ITD Cementation India Limited VS Madhucon Projects Limited
Listing Date : 30/01/2023
Date 30/01/2023   Court No. 1
Proceedings Summery Judgment pronounced in the open court (VSJ). In the result, the suit is decreed with costs. The defendant is directed to pay an amount of Rs. 1,47,57,653/- with interest @ 13.5% per anum from the date of filing of the suit to till the date of realization of the amount and the defendant is restrained by way of permanent injunction from invoking the bank guarantee bearing No. 0300714BG0000084 dated 17.02.2014 for Rs. 1,53,31,128/- issued by Central Bank of India, Guarantee Department corporate finance branch, Mumbai. The plaintiff is entitled for the cost of the suit. Stage Of Case For Judgment