Siva Industries And Holdings Ltd v. Idbi Bank Ltd

C.S.No.96 of 2019

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 18.10.2019 THE HONOURABLE MR. JUSTICE N.SATHISH KUMAR C.S.NO.96 of 2019 and O.A.No.93 of 2019 M/s Siva Industries and Holdings Limited, Represented by its Director, Mr,Karunakaran Ponnurangam, Old No.19, New No.32, Cathedral Garden Road, Nungambakkam, Chennai 600 034.

... Plaintiff Vs.

M/s IDBI Bank Limited, having its Registered office at IDBI Tower, WTC Complex, Cuffee Parade, Mumbai 400 005.

... Defendant PRAYER Civil Suit filed under Order IV Rule 1 of the Original Suit Rules read with Order VII Rule 1 of the Code of Civil Procedure and Section 7 of the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2016 to pass a decree and judgment against the defendant for a) a perpetual injunction restraining the defendant, their servants, agents, representatives or any other person claiming under/through them from in any manner proceeding with claim No.CL-2018-000506 on the file of the Hon'ble High Court of Justice, Queen's Bench Division, Commercial Court, in the United Kingdom or any connected proceeding therewith, in any manner whatsoever b) and for costs.

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C.S.No.96 of 2019 N.SATHISH KUMAR, J.

mst For Plaintiff : Mr.Manuraj For Defendant : Mr.N.V.Srinivasan JUDGEMENT Heard both sides.

2. The learned counsel appearing for the plaintiff submitted that proceedings are pending before the NCLT, in respect of the same cause of action of this civil suit.

3. Recording the submission made by the learned counsel appearing for the plaintiff, this civil suit is disposed of with a liberty to the plaintiff to make a claim before the NCLT. Consequently, connected application is closed. No costs. 18.10.2019 Index: Yes/No Internet: Yes/No Speaking/Non Speaking order mst C.S.NO.96 of 2019 and O.A.No.93 of 2019 http://www.judis.nic.in 2/2