Madras High Court
CRP/4558/2025 of M.Suruliraj Vs M/s.Sriram City Union Finance Limited on 20 August 2026
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 20-08-2026
CORAM
THE HON'BLE MR.JUSTICE P.B. BALAJI
CRP. No.4558 of 2025
and CMP. No.23166 of 2025
1.M.Suruliraj
2.Nithya Urvasi
..Petitioner
Vs
M/s.Sriram City Union Finance Limited has merged with Sriram Tansport Finance Limited which is renamed as Sriram Finance Limited its having registered office at SN Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, having its Zonal Office at No.5/1, Veterinary Hospital Road, Erode - 638 001, Rep by its authorised Representative, Mr.A.Ramkumar
..Respondents
Prayer: This Civil Revision Petition filed under Article 227 of the Constitution of India, to set aside the order dated 29.07.2025, passed in E.P. No.50 of 2023
in ACPTF.No.289/2019 passed by the learned I Additional District and Sessions Judge at Tiruppur.
For Petitioner(s):
For Respondent(s):
Mrs.R.Pushpalatha
Mr.A.Swaminthan
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
ORDER
Heard learned counsel for the petitioners, Mrs.R.Pushpalatha and learned counsel for the respondent, Mr.A.Swaminthan.
2. The petitioners challenge the very appointment of the sole arbitrator on the ground that it was unilateral. However, the application filed under Section 47 CPC, has not even been numbered by the Executing Court and the same has been dismissed. The learned counsel, however, without prejudice to the merits of the revision petition would state that the petitioners are willing to pay the entire loan amount with 6% simple interest, within a period of 90 days from the date of receipt of the copy of the order.
3. Mr.A.Swaminathan, learned counsel for the respondent states that in terms of the award, the amount due would be around Rs.70 lakhs and the respondent was willing to give a reasonable reduction and agree for Rs.62 lakhs in full quits. However, the petitioner is not agreeable to increase the offer. Today, the learned counsel for the petitioner would bring to my notice that Rs.5 lakhs has been paid in pursuance of the conditional order passed by this Court while granting stay on 23.09.2025.
4. In the light of the above, since the respondent is also willing to be reasonable and has scaled down the amount of Rs.62 lakhs, taking into account that Rs.5 lakhs has already been deposited, pursuant to the order of this Court, I am inclined to direct the petitioner to pay a further sum of Rs.55 lakhs in full quits, within a period three (3) months from the date of receipt of the copy of the order. It is made clear that in the event of default, no further extension of time would be entertained and it shall be open to the respondent to proceed with the Execution Petition and recover the original award amount. However, if the said amount of Rs.55 lakhs is paid within the said period of three months, then full satisfaction shall be recorded and the Execution Proceedings shall be terminated. It is needless to state that the respondent is at liberty to seek payment out of the Rs.5 lakhs that has been deposited by the petitioners, pursuant to the interim order for which the petitioners shall have no objections.
5. With the above terms, this Civil Revision Petition is disposed of. Consequently, connected Miscellaneous Petition is also closed. No costs. 20-08-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No RKP
P.B.BALAJI, J. rkp To The I Additional District and Sessions Judge at Tiruppur. CRP. No.4558 of 2025 and CMP. No.23166 of 2025 20.08.2026