Madras High Court
CRP/436/2026 of M. Narayanan Vs Shriram City Union Finance Ltd. on 1 October 2026
CRP No. 436 of 2026
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 01-10-2026
CORAM
THE HON'BLE MR.JUSTICE P.B. BALAJI
CRP No. 436 of 2026
CNR: {HCMA010197112026}
1. M. Narayanan
S/o. Markandan,
No.24, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
2. Banu
W/o. Markandan,
No.24, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
3. Arivazhagan
S/o. Markandan,
No.24, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
4. Mangamma
W/o. Prem,
No.19, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
5. Nagakanni
C/o. Markandan,
No.24, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
6. Raja
S/o. Markandan,
No.24, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
CRP No. 436 of 2026
7. Suriyakala
W/o. Raji,
No.7, 4 Samiyar Garden,
Vyasarpadi,
Chennai 39.
8. Chandrakala
C/o. Markandan,
No.19, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
9. Vasanthi
C/o. Markandan,
No.19, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
10.Sasikala
C/o. Markandan,
No.19, Sankralinganar Street,
Kavangarai Puzhal,
Chennai 66.
..Petitioner(s)
Vs
Shriram City Union Finance Ltd.,
Rep by its Authorised Signatory J. Santhoshkumar, Regional Recovery Manager, and having office at No.123, Angappan Naicken St, Chennai 1.
and its inter alia Branch
Sorrento Building,
I Floor, No.6, L.B. Road,
Adyar, Chennai 20.
..Respondent(s)
Civil Revision Petition filed under Article 227 of the constitution of India to set aside the order dated 10.11.2025 passed in EA No.3 of 2024 in EP
CRP No. 436 of 2026
No.367 of 2023 on the file of the IV Additional District and Sessions Court at Ponneri.
For Petitioner(s):
Mr.Ravikumar Paul
For Respondent(s):
Mr.J.Vicraman
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ORDER
Heard Mr.Ravikumar Paul, learned senior counsel appearing for the petitioners and Mr.J.Vicraman, learned counsel for the respondent/ award holder.
2. Today, the 1st petitioner is also present in person.
3. After much deliberations and concession shown by the respondent/Chit Company, the parties are now agreeable to clinch a full and final settlement at a consolidated sum of Rs.12 lakhs. The respondent, considering the fact that the 1st petitioner is willing to come forward to pay Rs.12 lakhs in full quits, has even been gracious enough to grant one year time for such payment.
4. Considering the fact that no coercive orders have been passed by the Executing Court, the Civil Revision Petition is disposed of, by granting time till 30.09.2027 to the petitioners to pay a sum Rs.12 lakhs, at their convenience.
CRP No. 436 of 2026
However, the entire sum of Rs.12 lakhs shall be settled on or before 30.09.2027. In default of payment of Rs.12 lakhs in full land final settlement as undertaken by the said date viz., 30.9.2027, the respondent shall be at liberty to proceed with the execution petition in accordance with law and the concession shown in accepting Rs.12 lakhs in full quits shall automatically stand withdrawn in the event of any default in payment of Rs.12 lakhs on or before 30.09.2027.
01-10-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No VSI
CRP No. 436 of 2026
P.B.BALAJI, J. VSI CRP No. 436 of 2026 01-10-2026