Madras High CourtWP/22541/2023withdrawn dismissed

M/S.Oriental Insurance Co.Ltd., v. Union Of Bank

2024-01-08Honourable The Chief Justice,Honourable Mr Justice D.Bharatha Chakravarthy3 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 08.01.2024 CORAM :

THE HON'BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE D.BHARATHA CHAKRAVARTHY M/s. Oriental Insurance Company Limited Division Office III II Floor, Empire House No.214, A.K.Nayak Marg, Mumbai 400 001 Rep. by its Authorised Signatory Gopalan.J ..

Petitioner Vs.

1. Indian Bank Thousand Lights Branch 611, Anna Salai, Chennai 6 Now transferred:

ARMB (Asset Recovery Management Branch) No.55, IV Floor, Ethiraj Salai, Chennai 600 008.

2. M/s. Paramount Airways Private Ltd.

Alexander Square, 2nd Floor No.35, Sardar Patel Road Guindy, Chennai 600 032 Now rep. by Official Liquidator.

3. M.Thiagarajan

4. Lakshmi Murugesan ..

Respondents

Prayer: Petition filed under Article 226 of the Constitution of India seeking a writ of Certiorarified Mandamus calling for the records and quashing the impugned order dated 27.04.2023 in MA No.10/2018 passed by the Hon'ble Debt Recovery Appellate Tribunal and direct the Debts Recovery Tribunal to drop proceedings against the petitioner in TA No.931 of 2023 in OA No.229/2010 as without jurisdiction.

For the Petitioner : Mr.M.V.Swaroop For the Respondents : Mr.Dhruva for Respondent-1

ORDER

(Made by the Hon'ble Chief Justice) Learned counsel for the petitioner, on instructions, seeks leave to withdraw the writ petition and submits that the petitioner would raise all the issues before the Debts Recovery Tribunal.

2. The writ petition, as such, stands disposed of as withdrawn. All contentions are kept open. There shall be no order as to costs. Consequently, W.M.P.No.21982 of 2023 is closed. (S.V.G., CJ.) (D.B.C., J.) 08.01.2024 Index :

Yes/No :

Yes/No kpl

THE HON'BLE CHIEF JUSTICE AND D.BHARATHA CHAKRAVARTHY, J (kpl) 08.01.2024