M/s.FIVESTAR BUSINESS FINANCE LIMITED, Rep. by its Authorized Signatory Mr.S.Madhusandan vs R.O.Palanisamy (deceased), S/o.Late.Mr.Othiyappa Gounder — 51/2025

Case under Code of Civil Procedure Section order VII rule 1. Disposed: Contested--Partially Allowed on 25th March 2026.

Case disposed

COS - Commercial Original Suit

CNR: TNCB220001122025

e-Filing Number

10-12-2025

Filing Number

142/2025

Filing Date

11-Dec-2025

Registration No

51/2025

Registration Date

11-Dec-2025

Court

Commercial Court in the Cadre of District Judge, Coimbatore

Judge

1-Commercial Court In The Cadre Of District Judge

Decision Date

25-Mar-2026

Nature of Disposal

Contested--Partially Allowed

Last updated 26-Apr-2026

Acts & Sections

Code of Civil Procedure Section order VII rule 1

Petitioner(s)

  1. 1.M/s.FIVESTAR BUSINESS FINANCE LIMITED, Rep. by its Authorized Signatory Mr.S.Madhusandan

    Adv. K.Sethuram

Respondent(s)

  1. 1.R.O.Palanisamy (deceased), S/o.Late.Mr.Othiyappa Gounder

  2. 2.P.Kannammal W/o.R.O.Palanisamy

    Adv. A.A.Xavier suresh

  3. 3.P.Tharanidharan, S/o.R.O.Palanisamy

    Adv. A.A.Xavier suresh

Case History

  1. Case disposedDisposed

  2. 25-Mar-2026

    Copy of JudgmentView PDF

  3. 25-Mar-2026

    Copy of DecreeView PDF

    The Commercial Court in Coimbatore partially decreed the suit filed by Fivestar Business Finance Ltd. against the defendants for loan recovery. The court awarded the plaintiff Rs. 13 lakhs principal with 9% interest from loan sanction till suit filing, plus 6% interest from suit filing till realization, along with Rs. 1,45,100 costs. The defendants must pay within three months of receiving notice of the final outstanding amount, failing which the court will permit foreclosure and sale of the mortgaged property. This case analysis is maintained by casestatus.in based on publicly available court records.

  4. 25-Mar-2026

    Disposed

    Commercial Court In The Cadre Of District Judge

  5. 23-Mar-2026

    Judgement

    Commercial Court In The Cadre Of District Judge

  6. 13-Mar-2026

    Judgement

    Commercial Court In The Cadre Of District Judge

  7. 12-Mar-2026

    Arguments

    Commercial Court In The Cadre Of District Judge

  8. 10-Mar-2026

    Arguments

    Commercial Court In The Cadre Of District Judge

  9. 04-Mar-2026

    Copy of DepositionView PDF

  10. 04-Mar-2026

    Copy of DepositionView PDF

  11. 04-Mar-2026

    Arguments

    Commercial Court In The Cadre Of District Judge

  12. 23-Feb-2026

    Evidence

    Commercial Court In The Cadre Of District Judge

  13. 20-Feb-2026

    Trial

    Commercial Court In The Cadre Of District Judge

  14. 16-Feb-2026

    Trial

    Commercial Court In The Cadre Of District Judge

  15. 13-Feb-2026

    IA Pending

    Commercial Court In The Cadre Of District Judge

  16. 06-Feb-2026

    Trial

    Commercial Court In The Cadre Of District Judge

  17. 20-Jan-2026

    Written Statement

    Commercial Court In The Cadre Of District Judge

  18. 11-Dec-2025

    First hearing

    Initial hearing scheduled

  19. 11-Dec-2025

    Case filed

    Registration No. 51/2025

casestatus.in Summary

The Commercial Court in Coimbatore partially decreed the suit filed by Fivestar Business Finance Ltd. against the defendants for loan recovery. The court awarded the plaintiff Rs. 13 lakhs principal with 9% interest from loan sanction till suit filing, plus 6% interest from suit filing till realization, along with Rs. 1,45,100 costs. The defendants must pay within three months of receiving notice of the final outstanding amount, failing which the court will permit foreclosure and sale of the mortgaged property. This case analysis is maintained by casestatus.in based on publicly available court records.

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