Avinash Malhotra, Huf v. B.Babu

I.P. No. 7 of 2022

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 19.12.2022

CORAM

THE HON'BLE MR. JUSTICE KRISHNAN RAMASAMY I.P. No. 7 of 2022 M/s. Avinash Malhotra, HUF a Hindu Undivided Family Firm rep. by its Manager and Karta, Avinash Malhtora, Cisons Complex, No. 150/96, Montieth Road, Egmore, Chennai - 600 008.

... Petitioning Creditor Vs.

Mr. 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.

... Debtor Prayer:- Insolvency Petition filed under Sections 9, 10, 11, 12 and 13 of the Presidency Towns Insolvency Act, 1909 and Order III-A of the Insolvency Rules, 1958, praying:- (a) to treat this petition as urgent;

(b) to adjudicate the debtor as insolvent;

(c) to direct that the estate of the debtor be vested in the Official Assignee of Madras, for the benefit of the General body of Creditors of the Debtor; and https://www.mhc.tn.gov.in/judis 1/2

I.P. No. 7 of 2022 KRISHNAN RAMASAMY, J.

vjt (d) to order that the costs of this petition paid by the Official Assignee of Madras, from and out of the estate of the Debtor to the Petitioning Creditor. For Petitioning Creditor :

Mr. T.Srikanth For Debtor :

Mr. K.Srimannarayanan

O R D E R

The learned counsel for the respective parties submit that the matter has been settled out of Court and the learned counsel for the petitioning creditor has made an endorsement to that effect in the court record.

2. Accordingly, this petition is dismissed as not pressed. No costs. 19.12.2022 vjt Index: Yes/No Internet: Yes/No Speaking order/Non-speaking order I.P. No. 7 of 2022 https://www.mhc.tn.gov.in/judis 2/2