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Directing Deposit Of 75% Suit Claim To Condone Delay & Set Aside Exparte Decree Unwarranted & Disproportionate: Supreme Court

09 Mar 2024 3 min read
Directing Deposit Of 75% Suit Claim To Condone Delay & Set Aside Exparte Decree Unwarranted & Disproportionate: Supreme Court

In a significant ruling, the Supreme Court of India, under the Civil Appellate Jurisdiction, has granted leave and set aside an ex parte decree dated 30 August 2022, issued by the High Court of Judicature at Madras. The case, titled M/s Trois Corporation HK Ltd versus M/s National Ventures Pvt Limited, involves a complex legal dispute over a sum of Rs 3.42 crores. Background: The legal battle commenced on 31…

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