Madras High CourtA/2607/2019withdrawn dismissed

India Infoline Finance Ltd v. Srk Construction Projects Pvt.Ltd

2020-03-18Honourable Mr Justice N. Sathish Kumar3 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) WEDNESDAY, THE 18TH DAY OF MARCH 2020 THE HON'BLE MR. JUSTICE N.SATHISH KUMAR A. No.2607 of 2019 In the matter of Arbitration & Conciliation Act, 1996 And In the matter of Agreement bearing Nos.1000153559, 1000162921, 1000162923, 1000162925, 1000162927, 1000162929,1000162930, 1000162933, 1000162935,1000162937, 1000162938, 1000162939,1000162940, 1000162941, 1000162943,1000162944, 1000162946, 1000162947,1000162949, 1000162950, 1000162951, and 1000162953, Dated 31.08.2016 M/S.INDIA INFOLINE FINANCE LTD., -VsSRK CONSTRUCTIONS PROJECTS PVT.LTD. And another.

M/S.INDIA INFOLINE FINANCE LTD.

REP.BY ITS AUTHORIZED SIGNATORY MS.B.KAVITHA, NO.10/1, BASCON TOWER, 9TH FLOOR, VENKATA NARAYAN ROAD, T.NAGAR, CHENNAI-600 017.

(OPP TO KPN TRAVELS) ..Applicant -Vs1. SRK CONSTRUCTIONs PROJECTS PVT.LTD (Applicant) REP.BY ITS MANAGING DIRECTOR MR.SETTI PALLI RAVI KUMAR, 6-3-665, LUMINI ENCLAVE, BESIDE URVASI HOTEL,

PANJAGUTTA, HYDERABAD - 500 082.

2. SETTI PALLI RAVI KUMAR (CO-APPLICANT) PLOT NO.12, PENTHOUSE, 8, ATHAVAHANA NAGAR, SATHAVAHANA SCHOOL, RAMKY PEARL GATED COMMUNITY, TIRUMALGIRI, HYDERABAD-500 072.

3. THE MANAGER STATE BANK OF INDIA, (RESPONDENT ACCOUNT - GARNISHEE) RESPONDENT ACCOUNT BANK CUDDAPAH, ANDHRA PRADESH ..Respondents Application praying that this Hon'ble Court be pleased to prohibit 3rd Respondent as Garnishee herein from making payment to the 1st Respondent upto a limit of Rs.6,74,67,032.61/- to the respondents by holding the amount which may be credited to the A/c.No.31693175379 State Bank of India, Cuddapah Branch, Andhra Pradesh in the name of SRK CONSTRUCTIONS AND PROJECTS LTD till further orders. This Application coming on this day before this court for hearing the court made the following order:

The learned counsel appearing for the applicant sought permission to withdraw this application and also made an endorsement to that effect.

2. In view of the submission and endorsement made, this application is dismissed as withdrawn.

Sd/.N.S.K.J.

18.03.2020 //Certified to be a true copy// Dated this the day of 2020. SU/02.06.2020 COURT OFFICER(O.S.) From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.