Idbi Bank Limited v. Apex Encon Projects Private Limited (In Liqn)

THE HON'BLE SRI JUSTI CE CHALLA KODANDA RAM COMPANY APPLI CATI ON No.4 8 of 2 0 1 9 ORDER:

This application is filed by IDBI Bank Limited seeking leave of the Court, under Section 446 of the Companies Act, 1956, to stay out of the winding up proceedings for realizing the debt due to the applicant Bank, by sale of assets exclusively charged/ secured to the applicant Bank. Sri Gangireddy, learned counsel representing Sri B.S. Prasad, learned counsel for respondent No.2, reported no objection. The application is accordingly ordered, by granting leave as sought for. No costs. Miscellaneous petitions pending, if any, shall stand closed. _______________________ CHALLA KODANDA RAM, J 03rd January, 2020 ksm

THE HON'BLE SRI JUSTI CE CHALLA KODANDA RAM COMPANY APPLI CATI ON No.4 8 of 2 0 1 9 0 3 r d Jan u ar y , 2 0 2 0 k sm