M/S Sps Steels Rolling Mills Ltd. & ANR v. Appellate Authority Of Industrial And Financial Reconstruction And ORS

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IN THE HIGH COURT OF DELHI AT NEW DELHI

+ W.P.(C) 2059/2016 M/S SPS STEELS ROLLING MILLS LTD. & ANR ..... Petitioners Through Mr. Rajiv Nayar, Senior Advocate along with Mr. Prateek Jalan, Mr. S.

Chakraborty, Ms. Sonia Dube, Mr. Shatadru Chakraborty and Ms. Kartika Chaudhary, Advocates.

versus APPELLATE AUTHORITY OF INDUSTRIAL AND FINANCIAL RECONSTRUCTION AND ORS ..... Respondents Through Mr. Pankaj Jain and Mr. Alok Dhir, Advocates for respondent Nos. 4 & 14.

Mr. Sanjiv Kakra and Ms. Vashali Kakra, Advocates for respondent No.

11.

Mr.

D.R.

Jain, Senior Standing Counsel for respondent No. 27.

CORAM:

HON'BLE MS. JUSTICE INDIRA BANERJEE HON'BLE MR. JUSTICE ANIL KUMAR CHAWLA

O R D E R

% 14.12.2016 W.P.(C) 2059/2016 and CM No. 8848/2016 (for grant of protection u/S 22 of SICA) The matter is taken up today as 12th December, 2016 was declared holiday on account of Milad-Un-Nabi.

W.P.(C) 2059/2016

Learned counsel appearing on behalf of the petitioners submits that in view of notification dated 25.11.2016, whereby, the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 has been brought into force w.e.f. 01.12.2016, the writ petition has become infructuous. The petitioners do not wish to proceed with the writ petition which is dismissed as infructuous. The dismissal of the writ petition will not prevent the petitioners from taking such steps as may be available to the petitioners in accordance with law.

In view of the above, the application being CM No. 8848/2016 is also rendered infructuous and stands disposed of accordingly. INDIRA BANERJEE, J ANIL KUMAR CHAWLA, J DECEMBER 14, 2016 rs W.P.(C) 2059/2016