Cosmos Cooperative Bank Ltd v. Shanmugam Rajasekar and another
A/889/2026 · 2026-06-08
K Kumaresh Babu
Transfer Petitionbody2026
DailyLaw.ai
[ 2026 DAILYLAW 30097 (MAD) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 30097 (MAD) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
A No. 889 of 2026 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 08-06-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU A No. 889 of 2026 in C.S.No.89 of 2013 Cosmos Cooperative Bank Ltd No.269270 Shaniwarpeth,Pune411 030Having its Regional Office atNo.361, Maruniketan,D.L.Vaidya Road, Dadar West,Mumbai400 028. ..Applicant(s) Vs
1. Shanmugam Rajasekar and another No.39, Salangara Street, Parangipettai Post, Cuddalore District, Tamil Nadu, Represented by its Power Agent Mr.R.Vetrivel.
2. Owners and Parties interested in the Vessel MT Pratibha Cauvery presently berthed at The Port of Chennai and is represented herein By its Master. ..Respondent(s) PRAYER:- To direct payment out a sum of Rs.3,11,03,698.70p/- (Rupees Three Crores Eleven Lakhs Three Thousand Six Hundred and Ninety Eight and Paise Seventy only) together with the interest lying to the credit of C.S.No.89 of 2023 to this Petitioner/ Intervenor. For Applicant(s): Mr.Varun Srinivasan for M/s.NVS and Associates For Respondent(s): Mr.S.Vasudevan for R1 ORDER __________ Page1 of 3 https://www.mhc.tn.gov.in/judis
A No. 889 of 2026 As per the Fund Certificate issued on 21.01.2026, a sum of Rs.3,26,10,396.45p/- (Rupees Three Crores Twenty Six Lakhs Ten Thousand Three Hundred and Ninety Six and Paise Forty Five Only), the Report further indicates that as per the orders of this Court dated 22.06.2023, a sum of Rs.15,06,697.75/- had to be distributed to four individuals as listed therein.
2. The present Application has been filed to direct payment out a sum of Rs.3,11,03,698.70p/- (Rupees Three Crores Eleven Lakhs Three Thousand Six Hundred and Ninety Eight and Paise Seventy only) together witht the interest lying to the credit of C.S.No.89 of 2023 to this petitioner/ Intervenor.
3. The learned counsel appearing for the plaintiff wuold submit that he had received his entitlement. In view of the Report dated 21.01.2026, this Court finds no impediment in ordering the application as prayed for.
4. Accordingly, this Application is ordered. 08-06-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No GBA __________ Page2 of 3 https://www.mhc.tn.gov.in/judis
A No. 889 of 2026 K.KUMARESH BABU, J. GBA A No. 889 of 2026 in C.S.No.89 of 2013 08-06-2026 __________ Page3 of 3 https://www.mhc.tn.gov.in/judis