Ars Energy Private Limited v. Canara Bank

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 19.02.2025 CORAM :

THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE MOHAMMED SHAFFIQ & C.M.P.No.2027 of 2025

1. ARS Energy Private Limited, CIN:U40100TN1990PTC032178 Registered office:D-109, 4th Floor, LBR Complex Chintamani, Anna Nagar East, Chennai-600102 2.Ashwani Kumar Bhatia 3.Rajesh Bhatia 4.BGS Credit Private Limited CIN:U65923DL1990PTC279460 J-47, Ramesh Nagar Sanatan Dharam Mandir Lane, West Delhi, New Delhi-110015 5.Leading Estate Limited CIN:U45201DL2003PLC121065 J-47, Ramesh Nagar Sanatan Dharam MandirLane, West Delhi, New Delhi-110015

6.East Delhi Leasing Private Limited CIN :U65910DL1993PTC052164 J-47, Ramesh Nagar Sanatan Dharam Mandir Lane, West Delhi, New Delhi -110015 .. Petitioners Vs.

1.Canara Bank, Assest Recovery Management Bench, Spencer Tower-3, First Floor, 770- Anna Salai, Chennai-600 002 2.Bank of Baroda CFS Branch, IFSC Code:BARBOTHEGA 2nd Floor, 74 Thyagaraja Road, Near Panagal Park, T.Nagar, Chennai -600017 3.HDFC Bank Limited, Department For Special Operations, IFSC Code:HDFC0000004 7th Floor B Wing, Prince Kushal Tower No.96, Mount Road, Chennai -600014 4.Punjab National Bank, Mid-Corporate Centre, IFSC Code:PUNB0121310 Chennai North, 769 Spencer Plaza, Anna Salai, Chennai-600 002 5.State Bank of India, RM-V, Overseas Branch (Mid Corporate Group), IFSC Code:004804 86, Rajai Salai, Chennai-600 002 ..

Respondents Prayer : Petition filed under Article 227 of the Constitution of India seeking to set aside the impugned order dated 19.12.2024 in O.A.No.6 of 2024 passed by the Debts Recovery Tribunal-1, Chennai.

For Petitioners :

Mr.Vellayan K

ORDER

(Order of the Court was made by the Hon'ble Chief Justice) Mentioned out of turn.

2. Counsel seeks to withdraw the civil revision petition, since the petitioner has gone into CIRP.

3. The civil revision petition is dismissed as withdrawn. There shall be no order as to costs. Consequently, the interim application also stands dismissed.

(K.R.SHRIRAM, CJ) (MOHAMMED SHAFFIQ,J.) 19.02.2025 Index :

Yes/No :

Yes/No kpl/mrn

To 1.Canara Bank, Assest Recovery Management Bench, Spencer Tower-3, First Floor, 770- Anna Salai, Chennai-600 002 2.Bank of Baroda CFS Branch, IFSC Code:BARBOTHEGA 2nd Floor, 74 Thyagaraja Road, Near Panagal Park, T.Nagar, Chennai -600017 3.HDFC Bank Limited, Department For Special Operations, IFSC Code:HDFC0000004 7th Floor B Wing, Prince Kushal Tower No.96, Mount Road, Chennai0-600014 4.Punjab National Bank, Mid-Corporate Centre, IFSC Code:PUNB0121310 Chennai North, 769 Spencer Plaza, Anna Salai, Chennai-600 002 5.State Bank of India, RM-V, Overseas Branch (Mid Corporate Group), IFSC Code:004804 86, Rajai Salai, Chennai-600002

THE HON'BLE CHIEF JUSTICE AND MOHAMMED SHAFFIQ,J.

(kpl/mrn) 19.02.2025