R.Arumugaswamy v. Ashok Velmar Seshadri
Case brief
What is this about?
Madras High Court; Article 226 mandamus sought for fresh valuation report of corporate debtor's assets at present market value before the Resolution Professional (Ashok Velmar Seshadri) for M/s. R.A.Samy Trading Pvt Ltd and the Committee of Creditors (Punjab National Bank, Erstwhile United Bank of India); counsel endorsed petition as rendered infructuous and not pursued; writ petition and connected W.M.P.No. 26388 of 2025 dismissed as infructuous, no costs; no adjudication on valuation; Neutral Citation 2025:MHC:1871; dated 05.08.2025; R.Arumugaswamy.
What did the court decide?
Upon the learned counsel for the petitioner making an endorsement that the writ petition was rendered infructuous and hence not pursued, the writ petition and connected miscellaneous petition were dismissed as infructuous. ¶28