R.Arumugaswamy v. Ashok Velmar Seshadri

2025:MHC:1871

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 05.08.2025 CORAM :

THE HONOURABLE DR.JUSTICE ANITA SUMANTH and THE HONOURABLE MR.JUSTICE N.SENTHILKUMAR W.P.No. 23506 of 2025 and W.M.P.No. 26388 of 2025 R.Arumugaswamy .. Petitioner vs 1.Ashok Velmar Seshadri Resolution Professional for M/s. R.A.Samy Trading Pvt Ltd., Office, A2, II Floor, Dynamic Apartments, Parangusapuram Street, Aziz Nagar, Kodambakkam, Chennai - 600 024.

2.Committee of Creditors, Rep by Punjab National Bank, (Erstwhile United Bank of India), Stressed Asset Management Branch, Arulmani Building, No.27, Whites Road, Chennai - 600 114.

.. Respondents Prayer : Writ Petition filed under Article 226 of the Constitution of India praying to issue a writ of mandamus directing the respondents to obtain the fresh valuation report as per the present market value by protecting 1/4

the interest of corporate debtors and its creditors pertaining to the petitioners company.

For Petitioner :

Mr.P.Chandrasekar For Respondents :

Mr.Pranav Charan, for R1 Mr.Varun Srinivasan, for R2

ORDER

(Made by Dr. ANITA SUMANTH.,J) Mr.P.Chandrasekar, learned counsel on record, for the writ petitioner states that this writ petition is rendered infructuous and hence not pursued. He makes an endorsement to that effect, recording which, this writ petition and connected miscellaneous petition are dismissed as infructuous. No costs.

[A.S.M., J] [N.S., J] 05.08.2025 Index:Yes/No ssm To 1.Ashok Velmar Seshadri Resolution Professional for M/s. R.A.Samy Trading Pvt Ltd., Office, A2, II Floor, Dynamic Apartments, Parangusapuram Street, Aziz Nagar, Kodambakkam, Chennai - 600 024.

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2.Committee of Creditors, Rep by Punjab National Bank, (Erstwhile United Bank of India), Stressed Asset Management Branch, Arulmani Building, No.27, Whites Road, Chennai - 600 114.

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DR. ANITA SUMANTH, J.

and N.SENTHILKUMAR, J.

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