In The Matter Of: Mcnally Sayaji Engineering Limited - And- v. Arcelor Mittal Distribution Solutions India Pvt. Ltd.

OD-28

IN THE HIGH COURT AT CALCUTTA

Original Jurisdiction ORIGINAL SIDE CP/617/2015

IN THE MATTER OF: MCNALLY SAYAJI ENGINEERING LIMITED

-ANDARCELOR MITTAL DISTRIBUTION SOLUTIONS INDIA PVT. LTD.

BEFORE:

The Hon'ble JUSTICE RAVI KRISHAN KAPUR Date : 10th January, 2023 Appearance:

Mr. Uttam Sharma, Adv.

...for the company The Court:- It appears from the order dated 25th July, 2016 that the matter is at the "pre-admission stage".

I find that 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/617/2015 stands transferred to the National Company Law Tribunal, Kolkata.

The Department shall treat CP/617/2015 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.) TO