Hitesh Coal Traders v. New Bombay Paper Mills Pvt Ltd

532-CARAP-53-2025.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION COMMERCIAL ARBITRATION APPLICATION NO. 53 OF 2025 Hitesh Coal Traders ...Applicant

Versus

New Bombay Paper Mills Pvt Ltd

...Respondent

Appearance not received.

CORAM

: SOMASEKHAR SUNDARESAN, J.

DATE: APRIL 8, 2025 PC :

1.

Learned Counsel for the Applicant submits that it is now apparent that on April 2, 2025, the Adjudicating Authority under the Insolvency and Bankruptcy Code, 2016 ("IBC") has referred the Respondent to Corporate Insolvency Resolution Process ("CIRP") under the IBC. Consequently, the institution and continuation of any proceedings against the Respondent would not be possible owing to the application of moratorium under Section 14 of the IBC. 2.

In these circumstances, Learned Counsel for the Applicant seeks to withdraw this Application and with liberty to take out such proceedings as advised, when the same becomes viable. Digitally signed by ASHWINI JANARDAN VALLAKATI Date:

2025.04.19 12:50:11 +0530 April 8, 2025 ASHWINI JANARDAN VALLAKATI

532-CARAP-53-2025.doc 3.

In these circumstances, the Application is finally disposed of as withdrawn.

4.

All actions required to be taken pursuant to this order shall be taken upon receipt of a downloaded copy as available on this Court's website.

[ SOMASEKHAR SUNDARESAN, J.] April 8, 2025 Ashwini Vallakati