Yes Bank Limited v. Shaquib Humayun Mondal

OD-16 AP/38/2020

IN THE HIGH COURT AT CALCUTTA

ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL SIDE (Via Video Conference) YES BANK LIMITED

VERSUS

SHAQUIB HUMAYUN MONDAL

BEFORE:

The Hon'ble JUSTICE RAVI KRISHAN KAPUR Date: 16th December, 2021.

The Court:- It is submitted by the petitioner that pursuant to the filing of this application the petitioner has invoked the Arbitration Clause and an Arbitrator has already been appointed.

In view of the arbitration proceedings having commenced, no purpose would be served in keeping this application pending. Accordingly, AP No. 38 of 2020 is dismissed as withdrawn. Liberty is granted to the petitioner to approach the Tribunal in accordance with law, if so advised.

The Receiver appointed on 6th September, 2021 stands discharged. (RAVI KRISHAN KAPUR, J.) D.Ghosh