Magma Fincorp Limited v. Karuna Shankar And ANR.

OD-49 ORDER SHEET

IN THE HIGH COURT AT CALCUTTA

Ordinary Original Civil Jurisdiction ORIGINAL SIDE [Via Video Conference] AP/226/2019 MAGMA FINCORP LIMITED

Versus

KARUNA SHANKAR AND ANR.

BEFORE:

The Hon'ble JUSTICE RAVI KRISHAN KAPUR Date : 9th September, 2021 Appearance: Mr. Paritosh Sinha, Adv.

Mr. K.K. Pandey, Adv.

Mr. S.B. Dasgupta, Adv.

...for the petitioner The Court : It is submitted on behalf of the petitioner that during the pendency of this application the matter has been referred to an Arbitrator and the arbitration proceedings have commenced.

In view of the submissions made on behalf of the petitioner, no purpose would be served in keeping with this application pending. AP/226/2019 is disposed of as infructuous.

Liberty is granted to the petitioner to avail of its remedies in accordance with law before the Learned Arbitrator, if so advised. Interim orders, if any, stand vacated. The Receiver also stands discharged. (RAVI KRISHAN KAPUR, J.) TO/S.Bag