Magma Fincorp Limited v. Santu Kumar And ANR.

OD-71 ORDER SHEET

IN THE HIGH COURT AT CALCUTTA

Ordinary Original Civil Jurisdiction ORIGINAL SIDE [Via Video Conference] AP/300/2019 MAGMA FINCORP LIMITED

Versus

SANTU KUMAR AND ANR.

BEFORE:

The Hon'ble JUSTICE RAVI KRISHAN KAPUR Date : 6th September, 2021 Appearance:

Mr. Paritosh Sinha, Adv.

Mr. K. K. Pandey, Adv.

Mr. S. B. Dasgupta, Adv.

The Court :- It is submitted on behalf of the petitioner that during the pendency of this petition, an Arbitrator has been appointed and the proceedings have also commenced. In view of the aforesaid, the petitioner does not want to proceed any further with this application. Accordingly, AP 300 of 2019 stands disposed of. Liberty is granted to the petitioner to avail of its remedies in accordance with law before the learned Arbitrator, if so advised. Interim order, if any, stand vacated. The Receiver also stands discharged. (RAVI KRISHAN KAPUR, J.) S.Bag/(GH)