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 Codeofcivilprocedure Section order VII rule 1. Disposed: Contested--Partially Allowed on 25th March 2026.
COS - Commercial Original Suit
CNR: TNCB220001122025
e-Filing Number
10-12-2025
Filing Number
142/2025
Filing Date
11-12-2025
Registration No
51/2025
Registration Date
11-12-2025
Court
Commercial Court in the Cadre of District Judge, Coimbatore
Judge
1-COMMERCIAL COURT IN THE CADRE OF DISTRICT JUDGE
Decision Date
25th March 2026
Nature of Disposal
Contested--Partially Allowed
Acts & Sections
Petitioner(s)
M/s.FIVESTAR BUSINESS FINANCE LIMITED, Rep. by its Authorized Signatory Mr.S.Madhusandan
Adv. K.Sethuram
Respondent(s)
R.O.Palanisamy (deceased), S/o.Late.Mr.Othiyappa Gounder
P.Kannammal W/o.R.O.Palanisamy
Adv. A.A.Xavier suresh
P.Tharanidharan, S/o.R.O.Palanisamy
Adv. A.A.Xavier suresh
Hearing History
Judge: 1-COMMERCIAL COURT IN THE CADRE OF DISTRICT JUDGE
Disposed
Judgement
Judgement
Arguments
Arguments
| Date | Purpose | Result |
|---|---|---|
| 25-03-2026 | Disposed | |
| 23-03-2026 | Judgement | |
| 13-03-2026 | Judgement | |
| 12-03-2026 | Arguments | |
| 10-03-2026 | Arguments |
Final Orders / Judgements
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.
Interim Orders
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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