The High Court dismissed a company application filed in 2015 by the State Bank of India to appoint an administrator for a space leasing company. The application was struck off due to non-prosecution after the company was already wound up by the court.
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.
Company Application No.238 of 2015
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 28.08.2023
CORAM:
THE HON'BLE MR. JUSTICE ABDUL QUDDHOSE
Company Application No.238 of 2015 in
C.P. No.255 of 2014
State Bank of India, Stressed Assets Management Branch, Red Cross Buildings, 32,Monteith Road, Egmore, Chennai 600 008. rep by its Asst. General Manager ...Applicant/Secured Creditor -Lead Banker
Vs.
The Official Liquidator, Madras High Court, As the Provisional Liquidator of M/s.First Leasing Company of India Ltd., Corporate Bhavan, Rajaji Salai, Chennai.
...Respondent / Prov. Liquidator
Company Application filed under Section 9,11(b) and 19 of the Companies (Court) Rules,1959, to appoint an Administrator with powers to investigate and monitoring the affairs of the Satellite Companies detailed in the Schedule to the Judges Summons, which had been thriving based on the business transaction, with the company in liquidation.
1/3
Company Application No.238 of 2015
For Applicant : No Appearance For Respondent : Mrs.B.Ambili
Deputy Official Liquidator
ORDER
There is no representation on the side of the applicant. This
application has been filed to appoint an Administrator. On the last hearing date i.e., on 14.08.2023, the learned counsel for the applicant
sought time to get instructions as to whether anything survives for adjudication in this application. However, despite the said request having been made by the learned counsel for the applicant, he is absent
today. It was also recorded by this Court on 14.08.2023 that the respondent Company has already been wound up pursuant to the orders of this Court and the Official Liquidator is incharge of the properties of the Company under liquidation. The company application is of the year
2015. It can now be inferred that the applicant is not interested in
prosecuting this Company Application. Accordingly, this Company
Application is dismissed for non prosecution. No costs.
28 .08.2023
Index: Yes/No Internet: Yes/No Speaking Order/Non-Speaking Order vsi2
2/3
Company Application No.238 of 2015
ABDUL QUDDHOSE, J. vsi2
Company Application No.238 of 2015 in C.P. No.255 of 2014
28.08.2023
3/3
State Bank of India
The Official Liquidator
Abdul Qudhoose
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
