Sepc Limited v. Steel Authority of India Limited and another
Case brief
What is this about?
Securities plaintiffs sought injunction to restrain invocation of a Bank Guarantee. The court permitted the plaintiff to withdraw the suit with liberty to file a fresh suit in case of a fresh cause of action arising from the same transaction.
What did the court decide?
Permission granted for withdrawal of the suit with liberty to institute a fresh suit in case of a fresh cause of action.
What the court decided
C.S.No.194 of 2021
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 02.08.2023
CORAM
THE HONOURABLE MS.JUSTICE R.N.MANJULA
C.S.No.194 of 2021 and O.A.No.333 of 2021
SEPC Limited
(formerly Shriram EPC Limited) Represented by its authorized signatory, R.Sridharan, Sr Vice President- Secretarial & Legal SEPC Limited, Bascon Futura BV, IV Floor, No.10/1, Venkatanarayana Road, T.Nagar, Chennai 600 017. … Plaintiff
Vs.
- 1.Steel Authority of India Limited, Durgapur Steel Plant, Durgapur 713 203, West Bengal rep by its General Manager (IPM-MM)
2.Axis Bank Limited, Cooperate Banking Branch New No.3/ Old No.2, Club House Road, Near Taj Club House, Anna Salai, Chennai 600 002 . . . Defendants
Parties & counsel
- petitioner
SEPC Limited
- respondent
1.Steel Authority of India Limited
- respondent
Axis Bank Limited
Coram
Case details
As recorded by the court registry
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