Punjab National Bank v. M/S Vindhyavasini Industries Limited

NAFR HIGH COURT OF CHHATTISGARH, BILASPUR COMP No. 15 of 2016

1. Punjab National Bank A Body Corporate Constituted Under The Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970 Having Its Head Office At 7, Bhikhaji Cama Place, New Delhi- 110607 And Inter-Alia A Branch Amongst Others At Anupam Nagar, Raipur, Chhattisgarh

2. Central Bank Of India, A Banking Company Constituted Under The Banking Companies (Acquisition & Transfer Of Undertakings) Act V, 1970 Having Its Central Office At Chandermukhi, Nariman Point, Mumbai 400021, And A Branch Office Amongst Other Places Known As Main Branch, G.E.Road, Raipur, Chhattisgarh ---- Applicants

Versus

• M/s Vindhyavasini Industries Limited A Company Incorporated Under The Companies Act, 1956 Having Its Registered Office At 502-508, Urla Industrial Area, Urla, Raipur, Chhattisgarh, Pin Code- 493221, Through Anyone Of Its Directors ---- Respondent For Applicants :

Shri SS Rajput, Advocate Hon'ble Shri Justice Prashant Kumar Mishra Order On Board 05/01/2017

1. Learned counsel for the applicants would fairly submit that the present petition for winding up of the Company M/s Vindhyavasini Industries Limited has been preferred under Clause (e) of sub-section (1) of Section 433 of the Companies Act, 1956, therefore, in view of the notification issued by the Ministry of Corporate Affairs, Government of India on 07.12.2016 framing the Companies (Transfer of Pending Proceedings) Rules, 2016, the present petition in which notices have not yet been issued to the

respondent, it is required to be transferred to the Bench of the National Company Law Tribunal constituted under Section 408 of the Companies Act, 2013.

2. In view of the above, the company petition is transferred to the jurisdictional bench of the National Company Law Tribunal. The Registry shall take desired steps at the earliest.

Sd/- JUDGE PRASHANT KUMAR MISHRA ashu