Sbi Global Factors Ltd. v. Amar Remedies Ltd.

sat 1/1 cal 373-2016.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION (L) NO. 373 OF 2016 IN COMPANY PETITION NO. 398 OF 2013 SBI Global Factors Ltd.

...Applicant In the matter of Essel Propack Ltd.

...Petitioner

vs.

Amar Remedies Ltd.& Ors.

....Respondent Ms.Aparna Wagle I/b. PKA Advocates for Applicant. CORAM : S.C. GUPTE, J.

4 MAY 2016 P.C. :

Heard learned Counsel for the Applicant.

The application is for leave to prosecute an arbitration proceeding, under Section 446 of the Companies Act, 1956. For the reasons stated in the affidavit in support of the company application, the company application is allowed in terms of prayer clause (a).

The company application is disposed of.

(S.C. Gupte, J.)