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Madras High CourtCP/45/2014dismissed for nonprosecution

Managing Director v.

2021-08-06Honourable Mr Justice R. Subramanian4 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS (ORIGINAL JURISDICTION) Friday, the 6th day of August 2021 THE HON'BLE MR.JUSTICE R.SUBRAMANIAN Comp.Petn.No.45 of 2014 In the matter of the Companies Act, 1956 and In the matter of winding of M/s. Suman Synthetics Ltd., B.I.F.R., New Delhi Rep. By its Registrar ... Petitioner Vs.

1. Managing Director, M/s. Suman Synthetics Ltd., 3-A Pologround, Udaipur, 313 001.

2. Secretary, Dept. of Industries, Govt. of Rajasthan, Jaipur.

3. The MD & CEO ICICI Bank Ltd.

ICICI Bank Towers, Bandra Kurla Complex, Bandra (E), Mumbai 400 051.

4. Chairman & MD UCO Bank, 10, Biplabi Trailokya, Maharaj Sarani, Brabourne Road, Calcutta 700 001.

5. Chairman & MD IIBI, 19-Netaji Subhash Road, Calcutta.

6. Chairman & MD, Rajasthan State Ind. Development and Investment Corpn. Ltd (RIICO) Udyog Bhavan, Tilak Marg, Jaipur 302 005.

7. Chairman & MD, Rajasthan State Financial Corpn. Ltd., Udyog Bhavan, Tilak Marg, Jaipur 302 005.

8. Chairman & MD IFCI, IFCI Tower, 61- Nehru Place, New Delhi.

9. President/Gen. Secretary Workers Union, C/o. M/s. Suman Synthetics Ltd., 3-A Pologround, Udaipur, Rajasthan 313 001.

10. Chairman & MD, M Tex Processors Om Prakash Periwal, K-4, Bapur Nagar, Bhilwara (Rajasthan) ... Respondents PRAYER: This Company petition praying that this court, Petition filed under Section 20(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 praying to wide up the first respondent company namely M/s. Suman Synthetics Ltd., in Case No.9 of 1988.

This Company Petition coming on this day before this Court for hearing in the presence of Mr.Vijay Sridhar, Deputy Official Liquidator for the Petitioner herein, and upon reading the Order dated 23.07.2021 and the Report of Official Liquidator filed herein and the Court made the following order:

The Company Petition was presented by the Board for Industrial and Financial Reconstruction in the year 2014. No order of winding up has been passed as such. The Board itself has been abolished. The Report of the Official Liquidator shows that there is no Company by name Suman Synthetics Limited, registered with Registrar of Companies at Chennai.

2. Though a Company by name Suman Synthetics Private Limited, is registered with Registrar of Companies, Chennai and it is alive, it is not known whether it is the same Company. None appears for the Board also. Hence this Company Petition is dismissed for non-prosecution. No costs.

WITNESS, THE HON'BLE MR.JUSTICE SANJIB BANERJEE, THE CHIEF JUSTICE OF MADRAS HIGH COURT, AS AFORESAID THIS THE 06th DAY OF AUGUST, 2021.

Sd/- JOINT REGISTRAR(O.S)(I/C).

//CERTIFIED TO BE A TRUE COPY// DATED THIS THE DAY OF COURT OFFICER.

From 25th September 2008 the Registry is issuing certified copies of the Orders/Judgments/Decree in this format.

KJV - 29/12/2021 Comp.Petn.No.45 of 2014 ` ORDER DATED: 06.08.2021 THE HON'BLE MR.JUSTICE R.SUBRAMANIAN FOR APPROVAL ON:30/12/2021 APPROVED ON :03/01/2022 COPY TO:

1. The Official Liquidator, High Court, Madras.