Re : Rei Agro Ltd -And- v. Re : United Bank Of India

OD-22

IN THE HIGH COURT AT CALCUTTA

Original Jurisdiction ORIGINAL SIDE CP/436/2014 IA NO: CA/1/2014(Old No:CA/336/2014), CA/2/2014(Old No:CA/337/2014) RE : REI AGRO LTD -ANDRE : UNITED BANK OF INDIA

BEFORE:

The Hon'ble JUSTICE RAVI KRISHAN KAPUR Date : 16th January, 2023 The Court :- It is submitted on behalf of the parties that the company is presently before the National Company Law Tribunal in liquidation proceedings. In view of the amended provisions of the Companies Act, 2013 and the decisions in Action Ispat and Power Private Limited-versus-Shyam Metalics and Energy Limited reported in (2021) 2 SCC 641 and in A. Navinchandra Steels Private Limited -versus- Srei Equipment Finance Limited and Others reported in AIR 2021 SC 1180, in my view this Court does not have any jurisdiction to entertain this matter. There is no irreversible situation which has arisen warranting this Court retaining this proceeding. In view of the aforesaid, CP/436/2014 stands transferred to the National Company Law Tribunal, Kolkata.

The Department shall treat CP/436/2014 as disposed of insofar as the records of this Court are concerned.

It is needless to mention that all connected applications also stand transferred to the National Company Law Tribunal, Kolkata. (RAVI KRISHAN KAPUR, J.) S.Bag