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M/S.Oil And Natural Gas ... vs Sri Venkatramana Papers Mills Pvt ...
2021 Latest Caselaw 25293 Mad

Citation : 2021 Latest Caselaw 25293 Mad
Judgement Date : 23 December, 2021

Madras High Court
M/S.Oil And Natural Gas ... vs Sri Venkatramana Papers Mills Pvt ... on 23 December, 2021
                                                                   REV. APLO Nos.12 and 13 of 2021

                                  IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                DATED: 23.12.2021

                                                     CORAM:

                                     THE HONOURABLE MS.JUSTICE P.T.ASHA

                                          REV. APLO Nos.12 and 13 of 2021
                                                         in
                                            A.Nos. 1748 and 1749 of 2021


                     1.M/s.Oil and Natural Gas Corporation Ltd.,
                       Deenadayalurja Bhavan,
                       5, Nelson Mandela Road, Vasanthkunj,
                       New Delhi, through its Executive Director-Assset Mananger,
                       Cauvery Asset, Nervy, Karaikal-609 604.

                     2.M/s.Oil and Natural Gas Corporation Ltd.,
                       Rep. by General Manager (Production),
                       In-charge Marketing,
                       Cauvery Asset, Nervy, Karaikal.                        ... Petitioners
                                                                         (in both applications)

                                                          -Vs-

                     1.Sri Venkatramana Papers Mills Pvt Ltd.,
                       Rep by its Director S.Kadarkarai,
                       No.15, Sree Vatsa Square, MTP Road,
                       Thudiyalur, Coimbatore-641 034.

                     2.Tamil Nad Mercantile Bank Ltd.,
                       Rep. by the Chief Manager,
                       Thiruvanmiyur Branch,


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                                                                           REV. APLO Nos.12 and 13 of 2021

                        Thiruvanmiyur, Chennai.                           ... Respondents
                                                                     (in both applications)
                     Common Prayer : Review Applications filed under Order XIV Rule 8 of

                     the O.S.Rules r/w Section 114 r/w Order XLVII Rule 1 &2 of Code of Civil

                     Procedure, 1908, to review the orders in the A.Nos.1748 and 1749 of 2020

                     dated 17.02.2021.



                                        For Petitioners        : Mr.Giridhar And Sai
                                      (in both applications)

                                        For Respondents        : Mr.C.R.Prasannan
                                      (in both applications)


                                                          COMMON ORDER


                                  The above review applications have been filed on the following six

                     grounds:-

                                                1.Petitioner now learnt that Respondent owes

                                  huge money to its lead banke,, SARFAESI law invoked and

                                  entire assets brought to sale; hence urgency to proceed with

                                  arbitration

                                                2.Order bars seeking interim measures; there is


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                                                                           REV. APLO Nos.12 and 13 of 2021

                                  an need to seek interim measures to secure petitioner interest

                                  and underlying public interest



                                              3.Another OEC involving Respondent under prior

                                  agreement is now terminated for non-cooperation

                                              4.No right to OEC and its decision is not binding;

                                  either party can terminate any time; given circumstance,

                                  petitioner needs to proceed with arbitration

                                              5.Owing to Covid-19, Petitioner's administrative

                                  offices remained shut; Given above new facts/circumstances

                                  order needs to be reviewed

                                              6.Order dated 17.02.2021 as modified by order

                                  dated 08.03.2021 to be reviewed and petitioner be permitted to

                                  invoke arbitration and seek interim measures

                                  2.All of these grounds are events that have happened post the orders

                     dated 17.02.2021 passed in A.Nos.1748 and 1749 of 2021.                       Order

                     XLVII of the Code of Civil Procedure provides the procedure for reviewing

                     the judgment or order. Order XLVII Rule 1 reads as follows:-

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                                                                         REV. APLO Nos.12 and 13 of 2021

                                       1.Application for review of judgment;- (1) Any person
                              considering himself aggrieved
                                       (a) by a decree or order from which an appeal is
                              allowed, but from which no appeal has been preferred,
                                       (b) by a decree or order from which no appeal is
                              allowed, or
                                       (c) by a decision on a reference from a Court of Small
                              Causes, and who, from the discovery of new and important
                              matter or evidence which, after the exercise of due diligence,
                              was not within his knowledge or could not be produced by
                              him at the time when the decree was passed or order made, or
                              on account of some mistake or error apparent on the face of
                              the record, or for any other sufficient reason, desires to
                              obtain a review of the decree passed or order made against
                              him, may apply for a review of judgment to the Court which
                              passed the decree or made the order
                                       (2) A party who is not appealing from a decree or order
                              may apply for a review of judgment notwithstanding the
                              pendency of an appeal by some other party except where the
                              ground of such appeal is common to the applicant and the
                              applicant, or when, being respondent, he can present to the
                              Appellate Court the case on which he applies for the review.


                                  3.The grounds set out in paragraph No.1 will not fall under the

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                                                                           REV. APLO Nos.12 and 13 of 2021

                     category of (A) discovery of new and important matters or evidence which,

                     after the exercise of due diligence was not within the knowledge of the

                     petitioner or could not be produced by him at the time when the decree or

                     order was made or (B) on account of some mistake or error apparent on the

                     face of record or (C) for any other sufficient reason.              Therefore, the

                     petitioners have not made out any ground for reviewing the orders, dated

                     17.02.2021.



                                  4.In the result, these Review Applications are dismissed. No costs.



                                                                               23.12.2021



                     Index :Yes/No
                     Internet :Yes/No
                     cp


                      Note : In view of the present lock down owing to COVID-
                             19 pandemic, a web copy of the order may be
                             utilized for official purposes, but, ensuring that the
                             copy of the order that is presented is the correct
                             copy, shall be the responsibility of the
                             advocate/litigant concerned.


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                                         REV. APLO Nos.12 and 13 of 2021




                                                        P.T.ASHA, J.

cp

REV. APLO Nos.12 and 13 of 2021 in A.Nos. 1748 and 1749 of 2021

https://www.mhc.tn.gov.in/judis REV. APLO Nos.12 and 13 of 2021

23.12.2021

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

 
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