Ajay Agarwal v. Ashok Magnetic Ltd

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 Ajay Agarwal ..

Petitioner Vs.

1. M/s. Ashok Magnetic Limited B-73, SIPCOT Industrial Complex Gummidipoondi 601 201.

2. V.Nagarajan ..

Respondents Prayer: Petition filed under Article 227 of the Constitution of India against the order dated 11.03.2020 in MA.576/2019 in CP/551/IB/2017 of the National Company Law Tribunal, Division Bench I, Chennai.

For the Petitioner : Mr.Jayesh B.Dolia 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 Nos.6888, 9030 and 9172 of 2020 are closed. (S.V.G., CJ.) (P.D.A., J.) 09.06.2023 Index :

Yes/No :

Yes/No kpl

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

(kpl) 09.06.2023