Neeraj A.Bajaj, Huf v. V.Kumaravel

I.P.No.54 of 2015

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 02.01.2023

CORAM

THE HONOURABLE MR. JUSTICE KRISHNAN RAMASAMY I.P.No.54 of 2015 Neeraj A.Bajaj, H.U.F., rep. by its Manager and Kartha, Neeraj A.Balaji, carrying on business under the name and style of Om Enterprises ... Petitioner/Debtor vs.

V.Kumaravel ... Debtor PRAYER : Original Petition is filed under Sections 9, 10, 11, 12 & 13 of the P.T.I. Act, III, 1909 and Order III-A of the Insolvency Rules, 1958, praying (a) to treat this petition as urgent (b) to adjudicate the debtor as insolvent;

(c) to direct that the estate of the debtor be vested in the Official Assignee of Madras for the benefit of the general body of creditor of the debtor;

(d) to order that the costs of this petition be paid by the Official Assignee of Madras, from and out of the estate of the debtor to the petitioning Creditor.

KRISHNAN RAMASAMY, J.

https://www.mhc.tn.gov.in/judis

I.P.No.54 of 2015 rst For Petitioner : Mr.T.Srikanth

O R D E R

Learned counsel appearing for the petitioner would submit that in I.P.No.56 of 2015 and I.P.No.12 of 2017, the subject matter of the present petition has been adjudicated and therefore, the petition may be closed with liberty to file fresh petition in the event order passed in the aforesaid I.Ps is set aside.

2.Recording the submission made by the learned counsel appearing for the petitioner, this petition is closed with liberty to file fresh petition in the event order passed in the said I.Ps is set aside. rst 02.01.2023 I.P.No.54 of 2015 https://www.mhc.tn.gov.in/judis