Srei Equipment Finance Ltd. v. Upasana Das And ANR.

OD-84 AP 11 of 2020

IN THE HIGH COURT AT CALCUTTA

Ordinary Original Civil Jurisdiction ORIGINAL SIDE SREI EQUIPMENT FINANCE LTD.

VERSUS

UPSANA DAS AND ANR.

BEFORE:

The Hon'ble JUSTICE RAVI KRISHAN KAPUR Date : 13th September, 2021.

Appearance:

Mr. Swatarup Banerjee, Adv.

Mr. Avisek Guha, Adv.

Ms. Ratnadipa Sarkar, Adv.

Mrs. Arundhati Banerjee, Adv.

Mr. K.Banerjee, Adv.

The Court: It is submitted by Mr. Banerjee, learned counsel appearing on behalf of the petitioner that during the pendency of this petition, the arbitral proceedings have commenced and no purpose would be served in keeping this petition pending.

In view of the submission made on behalf of the petitioner, AP No.11 of 2020 is disposed of as not pressed.

Liberty is granted to the petitioner to seek necessary release before the learned Arbitrator in accordance with law if so advised. The respondents are represented and it is submitted on behalf of the respondents that during the pendency of the petition the subject matter of the arbitration has been repossessed by the petitioner. (RAVI KRISHAN KAPUR, J.) s.pal/sk.