The Manager v. a.Sridhar
Case brief
What is this about?
Madras High Court admission order, C.M.A.No.9 of 2025 (16.10.2025), Mrs Justice R.Kalaimathi. Chit funds / registered auction chits companies (Sri Vibha Chits (P) Ltd., Mango City Chits (P) Ltd.) and M.Ramesh as respondents; appellant G.N.Gopinath. Filed under Section 75 Provisional Insolvency Act, 1920 r/w Section 100 C.P.C.; challenges judgment/decree dated 22.08.2024 in C.M.A.No.4 of 2022 (Additional District Court, Dharmapuri) seeking confirmation of order dated 05.07.2022 in I.P.No.12 of 2015 (Principal Subordinate Court, Dharmapuri). Substantial questions of law: parallel arbitration proceedings during insolvency proceedings; Chits Funds Act ouster clause vs Provisional Insolvency Act, 1920; enforceability of award from time-barred claim; joinder of companies as petitioners without resolution in a single petition. Notice ordered, returnable in four weeks; matter adjourned; no substantive holding in this instalment.