CS/126/2017 of Classic Mall Development Vs Punjab National Bank AND ANOTHER on 7 October 2026

CS No. 126 of 2017

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 07-10-2026

CORAM

THE HON'BLE MR.JUSTICE P.B. BALAJI

CS No. 126 of 2017

CNR: {HCMA011802172017}

Classic Mall Development

Company pvt Ltd., rep. by its Authorized Signatory No.142 Velacherry Road, Chennai 42

..Plaintiff(s)

Vs

1. Punjab National Bank AND ANOTHER

rep. by its Authorised Signatory Large

corporate Branch, Tolstoy House, Tolstoy Marg, New Delhi 1

(2nd defendant deleted as per order dated 1606.2023 in A.No.2963/2023)

2. United bank of India

rep. by its Authorised Signatory, Corporate Finance Branch, (O) 45/(N)23 Parijatam, Sreepuram, Ist Street, Royapettah, Ch 14

(2nd defendant deleted as per order dated 1606.2023 in A.No.2963/2023)

..Defendant(s)

Prayer: Civil Suit filed under Order IV Rule 1 of OS Rules r/w Order VII Rules 1 and 2 of CPC, praying the following reliefs:

(a) Directing the defendant No1, to refund a sum of Rs.71,68,367/- arrived by the adding prepayment charges paid i.e. a sum of Rs.59,33,541/- and interest on the prepayment charges paid at the rate of 18% per annum from 06/10/2015 till 30/11/2016 which is Rs.12,34,826/- (Rupees Twelve Lakhs Thirty Four Thousand Eight Hundred and Twenty Six); (No.1 deleted as per order dated 16.06.2023 in A.No.2093 of 2023)

( Uploaded on: 16/10/2026 01:08:02 pm )

CS No. 126 of 2017

(b) Directing the Defendant to refund a sum of Rs.60,41,421/- (Rupees Sixty Lakhs Forty One Thousand Four Hundred and Twenty One) arrived at by adding prepayment charges paid i.e., a sum of Rs.49,06,560/- (Rupees Forty Nine Lakhs Six Thousand Five Hundred and Sixty) and interest on the prepayment charges paid at the rate of 18% per annum from 20.08.2015 till 30.11.2016 which is Rs.11,34,861/- (Rupees Eleven Lakhs Thirty Four Thousand Eight Hundred and Sixty One) both of which was paid to United Bank of India which has now amalgamated with the Defendant; (Inserted as per order dated 16.06.2023 in A.No.2093 of 2023)

(No.2 deleted as per order dated 16.06.2023 in A.No.2093 of 2023)

(c) Directing the Defendants to pay interest @ 18% per annum on the above said amounts from the date of filing till realisation; and (Nos.1 and 2 deleted as per order dated 16.06.2023 in A.No.2093 of

(d) Pay the cost of the suit.

For Plaintiff(s):

Mr.G.Kalyan Jhabakh

for M/s.Surana and Surana

For Defendant(s):

Mr.M.L.Ganesh for D1

No appearance for D2