M/S Ugro Capital Limited (Formerly Known As Chokhani Securities Ltd.) v. Projtech Engineering Pvt Ltd. And ORS

ODC-3 ORDER SHEET AP/286/2022

IN THE HIGH COURT AT CALCUTTA

Ordinary Original Civil Jurisdiction ORIGINAL SIDE (Commercial Division) M/S UGRO CAPITAL LIMITED (FORMERLY KNOWN AS CHOKHANI SECURITIES LTD.) VS PROJTECH ENGINEERING PVT LTD. AND ORS

BEFORE:

The Hon'ble JUSTICE SHEKHAR B. SARAF Date : 20th February, 2023 Appearance:

Ms. Shrayashee Das, Adv.

The Court: None appears on behalf of the respondents nor is any accommodation prayed for on their behalf.

The affidavit of service filed on behalf of the petitioner be kept with the records.

By an order dated 5th July, 2022 this Court had granted an order in terms of prayer (a) of the Notice of Motion. Thereafter, by an order dated 18th November, 2022 this Court had also granted an order in terms of prayer (d) of the Notice of Motion injuncting the bank accounts of the respondents to the tune of Rs.5 lakhs.

It is also submitted on behalf of the petitioner that the petitioner is taking steps for appointment of an arbitrator under the arbitration clause in terms of the aforesaid agreement.

In view of the aforesaid, no purpose would be served in keeping the application pending.

AP/286/2022 is disposed of by confirming the interim orders already granted in favour of the petitioner by the orders dated 5th July, 2022 and 18th November, 2022 for a period of eight weeks or till any further orders by the Arbitral Tribunal, whichever is earlier.

With the aforesaid directions, AP/286/2022 stands disposed of. (SHEKHAR B. SARAF, J.) R.Bhar