Madras High Court
CRP/4708/2026 of P.Subramani Vs Prem Hire Purchase Limited on 29 September 2026
CRP No. 4708 of 2026
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 29-09-2026
CORAM
THE HON'BLE MR.JUSTICE P.B. BALAJI
CRP No. 4708 of 2026
& CMP.No.20662 of 2026
CNR: {HCMA011716182026}
1. P.Subramani
2. Malarkodi
..Petitioner(s)
Vs
1. Prem Hire Purchase Limited
Rep. by its Authorised Signatory,
Vishal Lodha,
No.1 Managappan Street,
Sowcarpet,
Chennai-79.
2. Apna Finance (India) Limited
Rep. by its Authorised Signatory,
Vishal Lodha,
No.1 Managappan Street,
Sowcarpet,
Chennai-79.
3. N.V.Vijayaraghavan-Arbitrator
..Respondent(s)
Prayer: Civil Revision Petition filed under Article 227 of the Constitution of India, to grant an order of direction to the 3rd respondent-Arbitrator to furnish the copy of the award dated 20.09.2009 passed in EP No. 87 of 2023 in Arb.No.222 of 2009 to the petitioners herein, by allowing the present CRP.
For Petitioner(s):
Mr.G.Veerapathiran
For Respondent(s):
Mr.A.Babu for R1
Mr.M.Ananda Krishna for R3
CRP No. 4708 of 2026
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ORDER
Today, the parties, namely the judgment debtors, the award sufferers as well as the award holders are present through counsel. In fact, the award sufferers are present in person and the 3rd respondent Arbitrator is also present.
2. After hearing the counsel for the parties and also considering the offer that has been proposed by Mr.G.Veerapathiran, learned counsel for the petitioners that the petitioners are undertaking to pay a sum of Rs.10,00,000/- in full quits. Even today, by a cheque bearing No.531672 dated 29.09.2026 drawn on Canara Bank, Pallavaram Branch.
3. Taking into account the fact that the award was passed way back in the year 2009 and 24 years have lapsed since then and the award holders are also willing to waive substantial portion of the amount due under the award and accepting a sum of Rs.12,00,000/- in full quits, I am inclined to dispose of the revision petition in the manner following:
(i) The petitioners shall pay a sum of Rs.12,00,000/- in full and final settlement of the award amount. In part payment a sum of Rs.10,00,000/- has been paid by cheque, subject to realization details as stated herein above. The original cheque has been handed over to Mr.A.Babu, learned counsel for the respondents 1 and 2.
CRP No. 4708 of 2026
(ii) Insofar as the balance sum of Rs.2,00,000/-, the petitioners undertake to pay the same on or before 31.10.2026 and across such payment, the respondents 1 and 2 shall take immediate steps to raise the order of attachment before the Executing Court, with the active cooperation of the 1st respondent. The respondents also undertake to withdraw the execution petition, on payment of the remaining Rs.2,00,000/-.
(iii) No costs. Connected Civil Miscellaneous Petition is closed. 29-09-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No ATA To The Arbitrator, Golden Denure, Ground Floor, AH Block, D.No.87, Fifth Street, Anna Nagar, Chennai – 40.
CRP No. 4708 of 2026
P.B.BALAJI, J. ATA CRP No. 4708 of 2026 29-09-2026