A.K.M.G.Alloys Pvt.Ltd., v. The Tamil Nadu Mercantile

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED 21.06.2017

CORAM

THE HONOURABLE MR.JUSTICE HULUVADI G. RAMESH and THE HONOURABLE MR.JUSTICE RMT.TEEKAA RAMAN W.P.No.10898 of 2017 and W.M.P.Nos.11845 & 11846 of 2017 A.K.M.G. Alloys Pvt. Ltd., Rep. by its Managing Director, G.V.Ganesh Prabhu, SF No.501/1, Thuthari Palayam, V.Kallippalayam Post, Palladam Taluk, Tiruppur District.

.. Petitioner versus

1. The Tamil Nadu Mercantile Bank Ltd., Rep. by its Authorised Officer, Regional Office, 30, Besant Nagar, Chinnachokikulam, Madurai - 625 002.

2. The Branch Manager, The Tamil Nadu Mercantile Bank Ltd., Dindigul Branch, No.9, Salai Road, Dindigul - 624 001.

3.A.S.P.T.Balakrishnan 4.J.Manohar .. Respondents PRAYER : Writ Petition has been filed under Article 226 of the Constitution of India to issue a Writ of Declaration, to declare the Auction Sale Confirmations dated 04.04.2016 done with respect to item 1 and 2, and Sale of Movable Assets in favour to 3rd respondent herein and Auction Sale Confirmation dated 07.04.2016 done with respect to item No.4 in favour of the fourth respondent herein and subsequent registration of Sale Deeds done by the bank in favour of Auction Purchasers/3rd and 4th respondents herein, during the above stay period for the item 1, https://hcservices.ecourts.gov.in/hcservices/

2 and 4 [property details morefully described in the Writ Petition] of the company's assets as null and void. For Petitioner : Mr.M.Aravind Subramaniam For Respondent No.1 : Mr.N.Dilipkumar For Respondent Nos.2 to 4: not ready C O M M O N O R D E R [Common Order of the Court was delivered by HULUVADI G.RAMESH, J.] The learned counsel appearing for the petitioner seeks permission to withdraw the Writ Petition and he has also made an endorsement to that effect.

2. In view of the endorsement made by the learned counsel for the petitioner, this Writ Petition is dismissed as withdrawn. No costs. Consequently, connected Miscellaneous Petitions are closed.

-s/d- Assistant Registrar(CS-IV) True Copy Sub-Assistant Registrar sri +1 CC to Mr.E. Sathiyaraj, Advocate sr 44727 W.P.No.10898 of 2017 SP(07/07/2017) https://hcservices.ecourts.gov.in/hcservices/