M/S.Kotak Mahindra Bank Ltd. v. M/S.Kothari Industrial

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 7/8/2015 C O R A M THE HON'BLE MR. JUSTICE SATISH K. AGNIHOTRI and THE HON'BLE MR. JUSTICE K.K.SASIDHARAN C.R.P.Nos.3017 to 3020 of 2015 M/s.Kotak Mahindra Bank Ltd rep. By its Vice President Regd Office at 36 - 38 A, Nariman Bhawan 227 Nariman Point Mumbai 400 021.

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Petitioner in all the CRPs Vs

1. M/s. Kothari Industrial Corporation Ltd Kothari Building 114 Mahatma Gandhi Road Nungambakkam Chennai 600 034.

2. Kothari (Madras) International Ltd rep. By its Director Kothari Building 114 Mahatma Gandhi Road Nungambakkam Chennai 600 034.

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Respondents in all the CRPs Prayer in C.R.P.No.3017 of 2015: Civil Revision Petition filed under Article 227 of the Constitution of India to set aside the interim order in O.A.No.80 of 2015 dated 19/5/2015 on the file of the Hon'ble Debts Recovery Tribunal - II, Chennai. Prayer in C.R.P.No.3018 of 2015: Civil Revision Petition filed under Article 227 of the Constitution of India to set aside the order dated 19/5/2015 passed in I.A.No.259 of 2015 in O.A.No.80 of 2015 on the file of the Hon'ble Debts Recovery Tribunal - II, Chennai. Prayer in C.R.P.No.3019 of 2015: Civil Revision Petition filed under Article 227 of the Constitution of India to set aside the order dated 19/5/2015 passed in I.A.No.260 of 2015 in O.A.No.80 of 2015 on the file of the Hon'ble Debts Recovery Tribunal - II, Chennai. Prayer in C.R.P.No.3020 of 2015: Civil Revision Petition filed under Article 227 of the Constitution of India to set aside the order dated 19/5/2015 passed in I.A.SR.No.3323 of 2015 in O.A.No.80 of 2015 https://hcservices.ecourts.gov.in/hcservices/

on the file of the Hon'ble Debts Recovery Tribunal - II, Chennai. For petitioner : Mr.Muthukumaraswamy Sr. Counsel for Mr.P.L.Narayanan For respondents : Mr.P.S.Raman, Senior Counsel for Mr.Nagasundaram C O M M O N O R D E R (Order of the Court was made by SATISH K. AGNIHOTRI,J.) Learned counsel appearing for the petitioner seeks permission to withdraw these Civil Revision Petitions with liberty to take recourse before the Debt Recovery Appellate Tribunal and makes an endorsement as under:- "C.R.P.Nos.3017 to 3020 of 2015 are withdrawn as not pressed with liberty to approach DRAT".

2. The learned Senior counsel appearing for the respondents has no objection.

3. Accordingly, these Civil Revision Petitions are dismissed as withdrawn. Status-quo in respect of the properties in question shall be maintained for a period of two weeks. No costs. Connected Miscellaneous Petition is closed.

Sd/- Assistant Registrar True Copy Sub Assistant Registrar mvs.

To The Presiding Officer, Debts Recovery Tribunal-II Chennai.

1 cc to Mr.R.Nagasundaram , Advocate Sr.No.41502 2 cc to M/s.Ramalingam Associates , Advocate Sr.No.41086 C.R.P.Nos.3017 to 3020 of 2015 rj(co) pmk.26.8.2015 https://hcservices.ecourts.gov.in/hcservices/