M/S.Surana Textiles v. M/S.Arisu Retail Private Limited

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 04.06.2025

CORAM

THE HONOURABLE Mr. JUSTICE ABDUL QUDDHOSE M/s.Surana Textiles A Partnership Firm Having its Office at 94 M C Road Old Washermenpet Chennai - 600021 Represented by its Authorized Signatory Mr.Thirumaravan ... Petitioner Vs.

M/s. Arisu Retail Private Limited (formerly known as VSSV Retail Pvt. Ltd.) Having its registered office at 93/2 G A Road Old Washermenpet, Chennai-600021.

... Respondent PRAYER: Original Application filed under Order XIV Rule 8 Original Side Rules read with Section 9(1)(ii)(c) of the Arbitration and Conciliation Act, 1996, praying to grant an order of interim injunction restraining the respondent herein, acting through its Resolution Professional, from in any manner interfering with dispossessing,

obstructing, or otherwise disturbing the applicant's possession, operation, and control over the retail outlets s more fully set out in the Schedule - A hereunder and annexed.

For Applicant : Mr.K.Venkatesan For Respondent : Mr.Ranjana Jain

O R D E R

It is brought to the notice of this Court by Ms.Ranjana Jain, learned counsel appearing for the Resolution Professional /respondents that since there is a Moratorium order passed by the National Company Law Tribunal, Bangalore under Section 14 of the Insolvency and Bankruptcy Code, 2016, the question of dispossessing the petitioner does not arise.

2. The learned counsel for the applicant would submit that the said statement made by the learned counsel for the respondent on instructions from the Resolution Professional appointed for the respondent Company may be recorded and this application can be disposed off.

3. After recording the statement made by the learned counsel for the respondent (Resolution Professional), this application is disposed as the apprehension of the applicant as raised in this application not those for the present in view of the Moratorium order. If at all the applicant is having any further grievance, the applicant's remedy is to approach the National Company Law Tribunal, Bangalore for redressal of his grievance as the National Company Law Tribunal, Bangalore is seized of the matter. No costs.

04.06.2025 Index: Yes/ No Speaking order / Non speaking order Maya

ABDUL QUDDHOSE, J.

Maya Dated : 04.06.2025