Shoka Tradelink Pvt Ltd v. Syndicate Bank

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 09.06.2023 CORAM :

THE HON'BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE P.D.AUDIKESAVALU Shoka Tradelink Private Limited Rep. by its Authorised Signatory Anil Kumar Saraff Shop No.1 No.32, General Muthiah Mudhali Street Sowcarpet, Chennai 600 079.

..

Petitioner Vs.

1. Syndicate Bank Asset Stressed Management Branch Door No.15/38, SIC Building 1st Floor, Anna Salai, Chennai 600 002.

2. M/s. Bhadreshwar Vidyut Pvt. Ltd.

(formerly OPGS Power Gujarat Pvt. Ltd.) Terra 2A, Flat No.404 No.2/5, Lavender Street Mugalivakkam, Porur Chennai 600 125.

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Respondents Prayer: Petition filed under Article 227 of the Constitution of India against the order dated 27.01.2020 in IBA/967/2019 of the National Company Law Tribunal, Division Bench I, Chennai.

For the Petitioner : Mr.Vaibhav R.Venkatesh For the Respondents : No appearance

ORDER

(Made by the Hon'ble Chief Justice) Learned counsel for the petitioner submits that efflux of time, the relief claimed may not be effective. He submits that keeping the right of the petitioner open to agitate under the IBC, the matter be disposed of.

2. In the light of that, the revision petition stands disposed of. It is open to the petitioner to seek redressal under the IBC, as may be permissible under law. There will be no order as to costs. Consequently, CMP No.6111 of 2020 is closed.

(S.V.G., CJ.) (P.D.A., J.) 09.06.2023 Index :

Yes/No :

Yes/No kpl

To Syndicate Bank Asset Stressed Management Branch Door No.15/38, SIC Building 1st Floor, Anna Salai Chennai 600 002.

THE HON'BLE CHIEF JUSTICE AND P.D.AUDIKESAVALU, J.

(kpl) 09.06.2023