Madras High CourtIP/6/2022dismissed for not pressed

Hitesh Malhtora v. L.B.Venkatesan

2023-01-30Honourable Mr Justice Krishnan Ramasamy4 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 30.01.2023

CORAM

THE HONOURABLE MR. JUSTICE KRISHNAN RAMASAMY Hitesh Malhtora ... Petitioner/Creditor Vs.

1.L.B.Venkatesan, Carrying on business under the name and style of M/s.Kamdhenu Enterprises, No.249, Kali Amman Koil Street, Natesa Nagar, Virugambakkam, Chennai - 600 092.

2.B.Babu, Carrying on business under the name and style of M/s.Sukkara Service Station at Plot No.63A, The Vyasarpadi Co-op Industrial Estate Limited, Erukkanchery High Road, Chennai - 600 039.

... Respondents/debtors PRAYER : Insolvency Petition is filed under Sections 9, 10, 11, 12 & 13 of the P.T.I. Act, 1909 and Order III-A of the Insolvency Rules, 1958, praying;

(a) to treat this petition as urgent;

(b) to adjudicate the debtors as insolvents;

(c) to direct that the estate of the debtors be vested in the Official Assignee of Madras, for the benefit of the General body of creditors of the debtors;

(d) to order that the costs of this petition paid by the Official Assignee of Madras, from and out of the estate of the debtors to the petitioning creditor;

For Petitioner : Mr.T.Srikanth For respondents : No Appearance

ORDER

Learned counsel appearing for the petitioner would submit that he is not pressing the present application and he has also made an endorsement to that effect.

2.Recording the submission and endorsement made by the learned counsel appearing for the petitioner, this petition is dismissed as not pressed. rst 30.01.2023

KRISHNAN RAMASAMY, J.

rst 30.01.2023