R. Saravana Prabhu & Anr vs M/S. Videocon ...

The Supreme Court held that the Bombay High Court erred in requiring the appellant to deposit Rs. 3.1 crores as a pre-condition for defending the suit filed under Order 37 CPC. Citing the case of Mechelec Engineers & Manufacturers Vs. M/s. Basic Equipment Corporation, the Court found that there were several triable issues in the suit, warranting unconditional leave to defend. The Court set aside the High Court's order and directed expeditious disposal of the suit within a year, with no order as to costs.