This application was allowed substituting the applicant, an assignee of IDBI, in place of IDBI as respondent No.2 following the Official Liquidator's report of no objection.
Directed the name of the applicant to be substituted for IDBI-respondent No.2.
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HON'BLE SRI JUSTICE C.V.NAGARJUNA REDDY Company Application No.1073 of 2014
Date:15.09.2014
Between:
M/s Pridhvi Asset Reconstruction and Securitization Company Limited, Hyderabad, reptd., by its Senior Vice President-M.S.Hussain
……Applicant
And:
M/s Targof Pure Drugs Ltd (in liqn), reptd by the Official Liquidator attached to the High Court for the State of Telangana and the State of Andhra Pradesh and another.
….Respondents
Counsel for the applicant: Sri P.Sri Harsha Reddy
Counsel for respondent: Sri M.Anil Kumar
The Court made the following:
ORDER:
This Company Application is filed for substituting the applicant for Industrial Development Bank of India (IDBI)- respondent No.2.
The Official Liquidator has submitted his report, dated 05.09.2014, wherein he has reported no objection for substitution as, the applicant is the assignee of the said bank.
In view of the same, this Company Application is allowed directing the name of the applicant to be substituted for IDBI-respondent No.2.
____________________________ JUSTICE C.V.NAGARJUNA REDDY 15th September, 2014 DR
M/s Pridhvi Asset Reconstruction and Securitization Company Limited
M/s Targof Pure Drugs Ltd
Industrial Development Bank of India
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
