M/S. Penguin Textiles Limited, v. The Appellate Authority For

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED 18.12.2018

CORAM

THE HONOURABLE MR. JUSTICE S.M.SUBRAMANIAM W.P.No.28881 of 2005 And W.P.M.P.No.31573 of 2005 M/s.Penguin Textiles Limited, Represented by its Executive Director, Mr.N.R.Chettiar, Regd. Office, No.131, Nungambakkam High Road, Chennai-600 034.

... Petitioner ..Vs..

1.The Appellate Authority for Industrial and Financial Reconstruction, Jeevan Prakash Building, 10th Floor, No.25, Kasturba Gandhi Marg, 2.Board for Industrial and Financial Reconstruction, Jawhar Vyapar Bhavan, No.1, Tolstoy Marg, 3.Indian bank, Represented by its Chairman and Managing Director, 31, Rajaji Salai, Chennai-600 001.

4.The Penguin Textile Workers Union, Represented by President, Uppal Mandal, Ranga Reddy District, Hyderabad - 500 039.

5.Ghanshyam Sarda

...Respondents

JPRAYER : Petition filed Under Article 226 of the Constitution of India praying to issue a Writ of Certiorarified Mandamus, calling for the order of the first respondent dated 26.7.2005 in

M.A.No.53 of 2003 in Appeal No.340 of 2000 and quash the same and direct the first respondent to dispose of the Appeal No.340 of 2000 in accordance with law and taking note of the observations of this Hon'ble Court in WP No.19522 of 2000 by its order dated 13.12.2002.

For Petitioner : Mr.M.Muthappan For Respondent-1 : Appellate Authority for Industrial and Financial Reconstruction.

For Respondent-2 : Board for Industrial and Financial Reconstruction.

For Respondent-3 : Mrs.Rita Chandrasekaran for M/s.Aiyar and Dolia.

For Respondent-4 : Mr.Rahul Balaji

O R D E R

In view of the abolition of Board for Industrial and Financial Reconstruction (BIFR), the cause aroused for filing of the present writ petition deserves no further adjudication and in view of the fair submissions made by the respective learned counsels, appearing on behalf of the writ petitioner as well as the respondents, the writ petition stands closed. It is left open to the parties to approach the Competent Authorities, if any, grievances exist. However, there shall be no order as to costs. Consequently, connected miscellaneous petition is also closed.

Sd/- Deputy Registrar //True copy// Sub Assistant Registrar Svn To 1.The Appellate Authority for Industrial and Financial Reconstruction, Jeevan Prakash Building, 10th Floor,No.25, Kasturba Gandhi Marg,

2.Board for Industrial and Financial Reconstruction, Jawhar Vyapar Bhavan, No.1, Tolstoy Marg, +1cc to Mr.R.Parthasarathy, Advocate SR.No.88820 +1cc to Mr.Aiyar & Dolia, Advocate SR.No.87772 W.P.No.28881 of 2005 GMY(07/01/2019)