Pradeep Kumar U.Jain v. S.Baskar Vassu

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED:12.01.2015

CORAM

THE HONOURABLE MR.JUSTICE R.SUBBIAH I.P.NO.53 OF 2012 Pradeep Kumar U. Jain, carrying on business under the name and style of Sha Manchalal Uttamchand ... Petitioning Creditor Vs 1.S.Baskar Vassu 2.G.Babu ... Debtors.

This petition is filed under Sections 9, 10, 11, 12 and 13 of the Presidency-towns Insolvency Act, III of 1909 and Order III-A of the Insolvency Rules, 1958, praying to adjudicate the Debtors as insolvents and to direct that the estate of the Debtors be vested in the Official Assignee of Chennai, for the benefit of the general body of creditors of the Debtors.

For Petitioner : M/s.T.Srikanth For Debtors : Mr.S.Hemanand

J U D G M E N T

In view of the endorsement and the submission made by the learned counsel for the Petitioning Creditor, this insolvency petition is dismissed as not pressed. No costs.

12.01.2015 (2/2) Index : Yes/No Internet: Yes/No kal

R.SUBBIAH, J kal I.P.NO.53 OF 2012 12.01.2015