Panjalai Anna Thozlilar Sangam v. 1.BOARD for Industrial and
Case brief
What is this about?
Union filed writ petition to quash BIFR order allowing distress proceedings and machinery sale, fearing job loss. Court observed creditor had already realized dues, rendering petition moot, and closed the case.
What did the court decide?
None. Petition closed as the ground (realization of dues) ceased to exist.
What the court decided
IN THE HIGH COURT OF JUDICATURE AT MADRAS
Dated: 09.12.2016
CORAM
THE HONOURABLE MR.JUSTICE P.N.PRAKASH
Writ Petition No.1526 of 2003
Panjalai Anna Thozlilar Sangam (Regd.No.292) Rep. by its President No.102, Grey Town, Coimbatore - 641 018. ..Petitioner -Versus-
- Board for Industrial and Financial Reconstruction Jawahar Vyapar Bhavan Tolstoy Marg, New Delhi.
- The Coimbatore Pioneer Mills Ltd., Rep. by its Managing Director Post Box No.1605,
- Pioneer Mills Road, Peelamedu, Coimbatore - 641 004.
- Industrial Development Bank of India Rep. by its Deputy General Manager IDBI Tower, WTC Complex, Cuffee Parade, Mumbai-400 005.
- Sundaram Finance Ltd Rep. by its Chairman & Managing Director 21, Pattulas Road, Chennai-600 002.
Parties & counsel
- petitioner
Panjalai Anna Thozlilar Sangam (Regd.No.292)
- respondent
Board for Industrial and Financial Reconstruction
- respondent
The Coimbatore Pioneer Mills Ltd.
- respondent
Industrial Development Bank of India
- respondent
Sundaram Finance Ltd
- respondent
Case details
As recorded by the court registry
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