Asset Reconstruction Company (India) Ltd v. P.V. Ramana Moorthy

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 28.11.2025

CORAM

THE HON'BLE MR.MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE G.ARUL MURUGAN Asset Reconstruction Company (India) Ltd Rep. by its Manager, 10th Floor, 29, Senapati Bapat Marg Dadar West, Mumbai-400078 : Petitioner versus 1.P.V.Ramana Moorthy 2.Manoharamma Hotel Investments Pvt. Ltd Rep. by its Director P.Rajesh : Respondents Prayer: CRP No.4143 of 2025 filed under Article 227 of the Constitution of India against the order dated 18.08.2025 in MA No.73 of 2025 in TRC No.1319 of 2022 in OA No.29 of 2016 by the Learned Recovery Officer, Debt Recovery Tribunal II, Chennai. CRP No.4145 of 2025 filed under Article 227 of the Constitution of India against the order dated 18.08.2025 in MA No.74 of 2025 in TRC No.1319 of 2022 in OA No.29 of 2016 by the Learned Recovery Officer, Debt Recovery Tribunal II, Chennai.

For Petitioner :

Mr.Srinath Sridevan, Senior Counsel, for Mr.Ashwin Shanbhag

For Respondents :

Mr.A.Prabhakar, for the first respondent COMMON ORDER (Order of the Court was made by the Hon'ble Chief Justice) At the outset, learned Senior Counsel for the petitioner would submit that in view of subsequent events, third party objection is sought to be withdrawn, and therefore, the petitioner does not wish to press these revisions.

2. In view of the above statement, nothing survives for adjudication in these revisions. The revision petitions stand disposed of. There will be no order as to costs. Consequently, CMP Nos.21333 and 21337 of 2025 are closed.

(MANINDRA MOHAN SHRIVASTAVA, CJ.) (G.ARUL MURUGAN, J.) 28.11.2025 Index : Yes/No : Yes/No tar

To 1.The Manager, Asset Reconstruction Company (India) Ltd 10th Floor, 29, Senapati Bapat Marg Dadar West, Mumbai-400078 2.The Debts Recovery Tribunal-II, Chennai.

THE HON'BLE CHIEF JUSTICE AND G.ARUL MURUGAN , J.

(tar) 28.11.2025