Dismissed

M/s.Ind Bharath Power Gencom Limited v. M/s.Millenium Steel India Pvt.Ltd and another

Madras HC1 Feb 2024A/1825/2020

Case brief

AI extract

What is this about?

Applications filed by plaintiff and defendant in commercial suits regarding M/s. Ind-Bharath Power Gencom Ltd. dismissed as infructuous following a change in management pursuant to an NCLT liquidation order. The erstwhile Liquidator was discharged from the proceedings.

What did the court decide?

Applications dismissed as infructuous; Erwhile Liquidator discharged.

M/s.Ind Bharath Power Gencom Limited Vs M/s.Millenium Steel India Pvt.Ltd and another — Madras HC (2024) — LawSathi Research

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A. No.1825 of 2020

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ABDUL QUDDHOSE, J.

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It is represented by the learned counsel for the plaintiff as well as

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https://www.mhc.tn.gov.in/judis

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1/5

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A. No.1825 of 2020

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the learned counsel appearing for the 1 st defendant in all the suits that A. No.1825 of 2020 in C.S. No.402 of 2017 and A. No.1826 of 2020 in C.S.

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No.302 of 2017 have now become infructuous, since pursuant to the liquidation order passed by the National Company Law Tribunal (NCLT), a new Management for M/s. Ind-Bharath Power Gencom Ltd., for whom the applications have been filed has taken over.

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2. The learned counsel appearing for the erstwhile Liquidator for M/s. Ind-Bharath Power Gencom Ltd., would also agree with the submissions made by the learned counsel for the plaintiff as well as the learned counsel for the 1 st defendant. These applications were filed prior to taking over of M/s. Ind-Bharath Power Gencom Ltd., by the new Management. Hence as rightly submitted by the learned counsel for the plaintiff as well as the learned counsel for the 1 st defendant as well as agreed upon by the learned counsel for the erstwhile Liquidator, these applications have now become infructuous. Accordingly after recording the respective submissions viz., A. No.1825 of 2020 in C.S. No.402 of 2017 and A. No.1826 of 2020 in C.S. No.302 of 2017 are dismissed as infructuous.

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https://www.mhc.tn.gov.in/judis

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A. No.1825 of 2020

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3. A discharge Memo in Diary Nos.8746 and 8747 of 2022 has

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also been filed by the learned counsel appearing for the erstwhile Liquidator for M/s. Ind-Bharath Power Gencom Ltd., seeking permission of this Court to be discharged from the present proceedings in view of the fact that a new Management has taken over.

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4. In view of the admitted fact that pursuant to the liquidation Proceedings, a new Management has taken over. necessarily, the erstwhile Liquidator has to be discharged. Accordingly, the erstwhile Liquidator appointed by the NCLT, Hyderabad for M/s. Ind-Bharath Power Gencom Ltd., is discharged from these Proceedings.

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Post the matter on 15.02.2024.

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01.02.2024

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vsi2

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A. No.1825 of 2020

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ABDUL QUDDHOSE, J.

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vsi2

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A. No.1079 of 2023 and
C.S. No.322 of 2018, C.S. No.302 of 2017, C.S. No.402 of 2017, C.S. No.945 of 2017 and C.S. No.320 of 2018 and A. Nos.1825 , 1826 of 2020
and
A. No.1080 of 2023
and
A. No.2556 of 2023 and
A. No.2557 of 2023 and
A. No.2857 of 2019
and
A. No.2896 of 2023
and
A. No.2897 of 2023 and
A. No.3392 of 2023
and
A. No.3681 of 2017 and

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4/5

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A. No.1825 of 2020

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A. No.3842 of 2017 and A. No.3961 of 2019 and A. No.4195 of 2021 and A. No.6207 of 2018 and A. No.8214 of 2017 and E.P. No.68 of 2018

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A. No.6586 of 2023 in C.S. No.499 of 2018

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01.02.2024

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https://www.mhc.tn.gov.in/judis

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M/s.Ind Bharath Power Gencom Limited v. M/s.Millenium Steel India Pvt.Ltd and another

Case brief

What is this about?

What did the court decide?

M/s.Ind Bharath Power Gencom Limited v. M/s.Millenium Steel India Pvt.Ltd and another

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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