An interim injunction application regarding survived immovable properties was closed because the bank guarantee invoked by the respondents rendered no further listing for the application.
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
(ORDINARY ORIGINAL CIVIL JURISDICTION)
TUESDAY, THE 05TH DAY OF OCTOBER 2021 THE HON'BLE MR. JUSTICE N.SATHISH KUMAR O.A. No.457 of 2021
In the matter of Indian Arbitration and Conciliation Act, 1996 and In the matter Between M/s Slar Machines & Methods and National Small Industries Corporation Limited (NSIC), and State Bank of India, Anna Nagar West Branch.
M/s Slar Machines & Methods, a Partnership Firm, rep. by its Partner – V.Saravanabhavan, No.122/2, SIDCO Industrial Estate, Ambattur, Chennai – 600 098. ... Applicant
-Versus-
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Original Application praying that this Hon'ble Court be pleased to pass an order of Interim Injunction, restraining the 2nd Respondent and their subordinates, delegates, agents, executors, assigns and/or anyone claiming under or through them from in any manner from bring any of the pledged immovable properties being Industrial Land bearing Plot No.122/1, out of Shed No.122(NP) with a building having a built up area of 2000 Sq.Ft admeasuring to an extent of 2637.5 Sq.Ft (out of 0.2743 acre) of land and working shed, comprised in Survey No.96 Part and 95 Part of Pattarawakkam Village, Ambattur Industrial Estate, Chennai 600 053 within the Registration District of North Chennai and Sub-Registration District of Ambattur, morefully described in the Judge's Summons for sale.
This original application coming on this day before this court for hearing the court made the following order:
Today when the matter was taken up for hearing, learned counsel for the applicant submitted that without intimation, the bank guarantee has been invoked.
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application. Accordingly, this original application is closed.
Sd/.N.S.K.J. 05.10.2021
//Certified to be a true copy//
Dated this the th day of 2021.
SU/20.10.2021 COURT OFFICER(O.S.)
From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.
M/s Slar Machines & Methods
National Small Industries Corporation Limited (NSIC)
State Bank of India
N.Sathish Kumar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
