Company Appeal seeking to set aside an NCLT order staying a company petition was withdrawn by the appellant. The High Court dismissed the appeal as withdrawn, vacated the interim stay order, and left legal contentions open for the NCLT.
The appeal was dismissed as withdrawn; the interim order staying the petition was vacated.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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IN THE HIGH COURT OF JUDICATURE AT MADRAS
Dated : 19.09.2016
CORAM
THE HONOURABLE MR.JUSTICE RAJIV SHAKDHER
COM.APEL.NO. 2 OF 2016 and CMP.No.6518 of 2016
Vs
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15 SHRI PRASHANT DESAI
18 SHRI HARIRAJ CHOUHAN
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Prayer : Company Appeal has been filed to set aside the impugned order dated April 5, 2016 passed in Company Application No.116 of
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2016 in C.P.No.1 of 2015 by the Honble CLB, Principal Bench at New Delhi by staying the Company Petition No.1 of 2015, till the hearing and final disposal of Writ Petition No.2743 of 2014 and Suit No.221 of 2014; Suit No.991 of 2013; Suit No.121 of 2014; Suit No.173 of 2014 pending before the Honble Bombay High Court, and also restrain the Original Petitioner from proceeding with the said Company Petition in terms of Prayer Clauses 17.1 (a), (d) and / or 18.2 (a), (f) of the Company Petition No.1 of 2015 till the hearing and final disposal of writ Petition No.2743 of 2014 and Suit No.221 of 2014; Suit No.991 of 2013; Suit No.121 of 2014; (iv) Suit No.173 of 2014 pending before the Hon`ble Bombay High Court.
For Petitioner : Mr.R.M.Murari
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J U D G M E N T
seeks to withdraw the appeal and the accompanying application.
dismissed as withdrawn.
vacated.
order shall not burden the NCLT, while adjudicating upon the matter on merits.
19.09.2016
Index : Yes / No Internet: Yes
ga
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RAJIV SHAKDHER, J.
ga
To
COM.APEAL.No.2 of 2016
19.09.2016
FINANCIAL TECHNOLOGIES INDIA LIMITED
UNION OF INDIA
JIGNESH PRAKASH SHAH
DEWANG SUNDERRAJ NERALLA
MANJAY PRAKASH SHAH
VENKAT CHARY
RAJIV SHAKDHER
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
