Judgment · High Court · 2007
Case at a glance
- Decided
- 02 Aug 2007
- Bench
- ABHAY S OKA
Provisions considered
Key paragraphs
- Para 22. The case of the Plaintiff is that the Defendant by their release order dated 14th November 1995 placed an advertisement in the issue of "Capital Market" dated 20th November 1995 published by the Plaintiff. Accordingly the advertisement was published by the Plaintiff and the…
Judgment
Shri Clive D’Souza for the Plaintiff. None for the Defendant. ... Defendant. JUDGMENT.: ORAL JUDGMENT.: ORALORAL JUDGMENT.: CORAM : ABHAY S.OKA, J. : ABHAY S.OKA, J. CORAM CORAM : ABHAY S.OKA, J. DATED : 2nd August, 2007. : 2nd August, 2007. DATED DATED : 2nd August, 2007.
The suit is listed under the caption of "Undefended Suits for Exparte Decree". The learned Counsel appearing for the Plaintiff has tendered on record the affidavit of Shri Savio Moses Fernandes, Assistant Manager-Administration of the Plaintiff, who has been authorised by the Plaintiff to file the affidavit. The said affidavit is marked "X" for identification and is taken on record. The learned Counsel has also tendered on record 7 documents along with a list. The documents along with the list are 2 : ::: 2 : 2 : taken on record and marked "Y" (Collectively) for identification.
The case of the Plaintiff is that the Defendant by their release order dated 14th November 1995 placed an advertisement in the issue of "Capital Market" dated 20th November 1995 published by the Plaintiff. Accordingly the advertisement was published by the Plaintiff and the Plaintiff raised invoice dated 20th November 1998 for the sum of Rs.52,500/-. The original release order is placed on record. The office copy of the invoice is also placed on record.
Though repeated requests were made by the Plaintiff to the Defendant to pay the said amount, there was no response from the Defendant. By letter dated 19th April 1996, the Plaintiff called upon the Defendant to pay the amount. However, there was no response from the Defendant. Another letter was sent by the Plaintiff on 12th June 1996 to the Defendant. As the amount was not paid, by Advocate’s notice dated 31st August 1997, the Plaintiff called upon the Defendant to pay the outstanding amount with interest at the rate of 18% per annum.
The claim of the Plaintiff in the suit has been duly proved by the affidavit of said Shri Savio Moses 3 : ::: 3 : 3 : Fernandes. The documents placed on record are also proved by the said affidavit. The Plaintiffs have made out a case for passing a decree. In so far as further interest is concerned, there is no specific agreement between the parties for payment of interest on the unpaid amount at any specific rate. Considering the facts and circumstances of the case, the interest from the date of the suit will have to be awarded at the rate of 9% per annum.
Hence there will be a decree in terms of prayer clauses (a) and (b) with modification that the interest payable on the sum of Rs.52,500/- will be at the rate of 9% per annum from the date of institution of the suit till payment or realisation.
The Plaintiff will be entitled to refund of Court fees, if any, as per the Rules.
Certified copy is expedited. Judge. Judge. Judge.
Questions this judgment answers
Which statutory provisions did this judgment involve?
Companies Act, 2013.
Which court decided this case, and when?
Bombay High Court, on 02 Aug 2007. The bench was ABHAY S OKA.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.