M.K.Manoharan v. E.Annamalaisamy

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 21.03.2022

CORAM

THE HON'BLE MR. JUSTICE M.SUNDAR Mr.M.K.Manoharan, S/o.M.Kandasamy Nadar ... Petitioning Creditor Vs.

1. Mr.E.Annamalaisamy.

2. Mr.A.Vasanthakumar, S/o.E.Annamalaisamy.

... Debtors Prayer:

Insolvency Petition 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 (a) to treat this petition as urgent;

(b) to adjudicate the Debtors as Insolvents;

(c) to direct that the estate of the Debtors be vested in the Official Assignee of Madras, for the benefit of the General body of creditors of the Debtors;

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(d) to order that the costs of this petition paid by the Official Assignee of Madras, from and out of the estate of the Debtors to the petitioning creditors;

For Petitioning Creditor :

Mr.T.Srikanth

O R D E R

Mr.T.Srikanth, learned counsel for petitioning creditor submits that he has instructions from petitioning creditor to not to pursue the captioned matter. Learned counsel on record for petitioning creditor has made an endorsement in the case file which is as follows:

2. Learned counsel reiterated the aforementioned endorsement in the hearing.

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3. In the light of the narrative thus far, captioned matter i.e., Insolvency Petition No.14 of 2021 is disposed of as closed. There shall be no order as to costs.

21.03.2022 mk 3/4

M.SUNDAR.J., mk 21.03.2022 4/4