Summary: Tuticorin Alkali Chemicals agreed to pay over 71 crores to the Tuticorin Port Trust in a settlement. Payments will be made in ten installments starting January 2026.
This case involves Tuticorin Alkali Chemicals and Fertilizers, represented by its Vice-president, against the Board of Trustees of the Tuticorin Port Trust. The disagreement was about money owed, and both parties decided to settle the matter through Lok Adalat, a method for resolving disputes outside of court.
After discussions and negotiations, both parties reached a middle ground. Tuticorin Alkali Chemicals agreed to pay a total of ₹71,09,81,818. This amount will be paid in ten equal parts. The first payment is due on January 1, 2026, and the following payments should be made by the 7th of each month.
An interest rate of 6% will apply to these payments, which has to be paid all at once by November 7, 2026. If Tuticorin Alkali Chemicals fails to make any payment, the Tuticorin Port Trust can demand the full amount right away.
The decision was overseen by the respected Mr. Justice G. Chockalingam (Retd.) along with members Mr. V. Siva Subramanian and Mrs. M. Krishnaveni. The case was set to be reviewed by the regular court on September 16, 2025.
The full court fee will be returned to Tuticorin Alkali Chemicals according to the Tamil Nadu Court Fees and Suits Valuation Act, 1955.
Both parties and their lawyers signed the agreement, officially ending the argument. This Lok Adalat decision aims to ensure a fair solution and avoid more court cases.
