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Saravana Engineering vs Bmic Limited
2021 Latest Caselaw 1616 Mad

Citation : 2021 Latest Caselaw 1616 Mad
Judgement Date : 25 January, 2021

Madras High Court
Saravana Engineering vs Bmic Limited on 25 January, 2021
                                                                             O.S.A. Nos. 42 and 55 of 2017

                                   IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                  DATED : 25.01.2021

                                                       CORAM :

                                     THE HON'BLE MR. JUSTICE N.KIRUBAKARAN
                                                       and
                                    THE HON'BLE MR. JUSTICE P.D.AUDIKESAVALU

                                             O.S.A. Nos. 42 and 55 of 2017
                                                           and
                                         C.M.P. Nos. 4591, 5962 and 7480 of 2017

                O.S.A. No. 42 of 2017:-

                Saravana Engineering
                10th Floor, Block-1, Beliciaa Towers
                Door No.71/1, MRC Nagar Main Road
                R.A. Puram, Chennai – 600 028.                                        ...   Appellant

                                                          Vs.
                1. BMIC Limited
                   Ebenes Skies of 4th Floor
                   Rue De L'Institut
                   Ebene Mauritius.

                2. Chinnakannan Sivasankaran
                   Son of R.Chinnakannan @ R.C.K.Vallal
                   Insolvent
                   Represented by Official Receiver and Manager
                   Mr. Bernard Pool
                   C/o. Pool & Pat, Chartered Accountants
                   Maison La Rosiere, PO Box 117
                   Victoria Mahe, Seychelles.




                1/9
https://www.mhc.tn.gov.in/judis/
                                                          O.S.A. Nos. 42 and 55 of 2017

                3. Siva Limited
                   In Liquidation
                   Represented by its Liquidators
                   KPMG, Bermuda.

                4. R.Chinnakannan @ RCK Vallal
                   Mena Kampala Arcade, 3rd Floor
                   A Block B Wing, 113-114
                   Sri Theyagaraya Road, T.Nagar
                   Chennai – 17.

                5. Chinnakannan Chandrammal
                   W/o. R.Chinnakannan
                   Mena Kampala Arcade
                   3rd Floor, A Block, B Wing
                   113-114, Sir Theyagaraya Road
                   T.Nagar, Chennai – 600 017.

                6. S.Jayalakshmi
                   D/o. Damodaran
                   No.30, Giri Road, T.Nagar
                   Chennai – 600 017.

                7. K.V.P.Baskaran
                   2/19, Vidyodaya 1st Cross Street
                   T.Nagar, Chennai – 600 017.

                8. Ms. Nityavathi Venkatesan
                   No. W617, Anna Nagar, West Extension
                   Chennai – 600 101.

                9. Srinivasa Enterprises
                   10th Floor, Block – 1
                   Beliciaa Towers
                   Door No.71/1, MRC Nagar Main Road
                   R.A.Puram, Chennai – 600 028.




                2/9
https://www.mhc.tn.gov.in/judis/
                                                                 O.S.A. Nos. 42 and 55 of 2017

                10. Siva Compulink Limited
                    10th Floor, Block – 1, Beliciaa Towers
                    Door No.71/1, MRC Nagar Main Road
                    R.A.Puram, Chennai – 600 028.

                11. Sterling Computers Limited
                    Mena Kampala Arcade, 3rd Floor
                    A Block, B Wing
                    113-114, Sir Theyagaraya Road
                    T.Nagar, Chennai – 600 017.

                12. Sterling Futures & Holidays Limited
                    10th Floor, Block-1, Beliciaa Towers
                    Door No.71/1, MRC Nagar Main Road
                    R.A.Puram, Chennai – 600 028.

                13. Senthil Products Agencies Limited
                    10th Floor, Block-1, Beliciaa Towers
                    Door No.71/1, MRC Nagar Main Road
                    R.A.Puram, Chennai – 600 028.

                14. Siva Industries & Holdings Limited
                   10th Floor, Block-1, Beliciaa Towers
                    Door No.71/1, MRC Nagar Main Road
                    R.A.Puram, Chennai – 600 028.

                15. Hi Tech Housing Projects Private Limited
                    10th Floor, Block-1, Beliciaa Towers
                    Door No.71/1, MRC Nagar Main Road
                    R.A.Puram, Chennai – 600 028.

                16. Chennai Properties and Investments Limited
                    Mena Kampala Arcade, 3rd Floor
                    A Block, B Wing
                    113-114, Sir Theyagaraya Road
                    T.Nagar, Chennai – 600 017.




                3/9
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                                                                               O.S.A. Nos. 42 and 55 of 2017

                17. Hemangini Finance and Leasing Pvt. Ltd.
                    Mena Kampala Arcade, 3rd Floor
                    A Block, B Wing
                    113-114, Sir Theyagaraya Road
                    T.Nagar, Chennai – 600 017.

                18. Tata Teleservices Ltd.
                    10th Floor, Tower-1, Jeevan Bharathi
                    124, Connaught Circus
                    New Delhi – 110 001.                                          ...     Respondents

Prayer : Original Side Appeal filed under Order XXXVI Rule 9 of the Original Side Rules read with Clause XV of the Letters Patent praying to set aside the fair order and decreetal dated 12.12.2016 passed in Appln. No. 473 of 2012 in E.P. No. 62 of 2016 as illegal, incompetent, irregular and without jurisdiction holding that the execution petition against the appellant is legally inconceivable.

For Appellant : Mr. V.Raghavachari for Mr. A.Shamsudeen Raja

For Respondents : Mr. Karthik Seshadri For M/s. Iyer & Thomas (For R1) Mr. A.Shamsudeen Raja (For R4, R5 & R7) Mr. Vikram Ramakrishnan (For R8) Mr. P.Suresh (For R10 to R13) Mr. H.Prosper (For R14 to R17) Mr. Shivakumar (For R18)

O.S.A. No. 55 of 2017:-

1. R.Chinnakannan @ RCK Vallal Mena Kampala Arcade, 3rd Floor A Block B Wing, 113-114 Sri Theyagaraya Road, T.Nagar Chennai – 17.

https://www.mhc.tn.gov.in/judis/ O.S.A. Nos. 42 and 55 of 2017

2. Chinnakannan Chandrammal W/o. R.Chinnakannan MenaKampala Arcade 3rd Floor, A Block, B Wing 113-114, Sir Theyagaraya Road T.Nagar, Chennai – 600 017.

3. K.V.P.Baskaran 2/19, Vidyodaya 1st Cross Street T.Nagar, Chennai – 600 017. ... Appellants

Vs.

1. BMIC Limited Ebenes Skies of 4th Floor Rue De L'Institut Ebene Mautitius.

2. Chinnakannan Sivasankaran Son of R.Chinnakannan @ R.C.K.Vallal Insolvent Represented by Official Receiver and Manager Mr. Bernard Pool C/o. Pool & Pat, Chartered Accountants Maison La Rosiere, PO Box 117 Victoria Mahe, Seychelles.

3. Siva Limited In Liquidation Represented by its Liquidators KPMG, Bermuda.

4. S.Jayalakshmi Mena Kampala Arcade, 3rd Floor A Block, B Wing 113-114, Sir Theyagaraya Road T.Nagar, Chennai – 600 017.

https://www.mhc.tn.gov.in/judis/ O.S.A. Nos. 42 and 55 of 2017

5. Ms. Nityavathi Venkatesan No. W617, Anna Nagar, West Extension Chennai – 600 101.

6. Srinivasa Enterprises 10th Floor, Block – 1 Beliciaa Towers Door No.71/1, MRC Nagar Main Road R.A.Puram, Chennai – 600 028.

7. Siva Compulink Limited 10th Floor, Block – 1, Beliciaa Towers Door No.71/1, MRC Nagar Main Road R.A.Puram, Chennai – 600 028.

8. Sterling Computers Limited Mena Kampala Arcade, 3rd Floor A Block, B Wing 113-114, Sir Theyagaraya Road T.Nagar, Chennai – 600 017.

9. Sterling Futures & Holidays Limited 10th Floor, Block-1, Beliciaa Towers Door No.71/1, MRC Nagar Main Road R.A.Puram, Chennai – 600 028.

10. Saravana Engineering 10th Floor, Block-1, Beliciaa Towers Door No.71/1, MRC Nagar Main Road R.A.Puram, Chennai – 600 028.

11. Senthil Products Agencies Limited 10th Floor, Block-1, Beliciaa Towers Door No.71/1, MRC Nagar Main Road R.A.Puram, Chennai – 600 028.

https://www.mhc.tn.gov.in/judis/ O.S.A. Nos. 42 and 55 of 2017

12. Siva Industries & Holdings Limited 10th Floor, Block-1, Beliciaa Towers Door No.71/1, MRC Nagar Main Road R.A.Puram, Chennai – 600 028.

13. Hi Tech Housing Projects Private Limited 10th Floor, Block-1, Beliciaa Towers Door No.71/1, MRC Nagar Main Road R.A.Puram, Chennai – 600 028.

14. Chennai Properties and Investments Limited Mena Kampala Arcade, 3rd Floor A Block, B Wing 113-114, Sir Theyagaraya Road T.Nagar, Chennai – 600 017.

15. Hemangini Finance and Leasing Pvt. Ltd. Mena Kampala Arcade, 3rd Floor A Block, B Wing 113-114, Sir Theyagaraya Road T.Nagar, Chennai – 600 017.

16. Tata Teleservices Ltd.

10th Floor, Tower-1, Jeevan Bharathi 124, Connaught Circus New Delhi – 110 001. ... Respondents

Prayer : Original Side Appeal filed under Order XXXVI Rule 9 of the Original Side Rules read with Clause XV of the Letters Patent praying to set aside the fair order and decreetal dated 12.12.2016 passed in Appln. No. 473 of 2012 in E.P. No. 62 of 2016 as illegal, incompetent, irregular and without jurisdiction holding that the execution petition against the appellant is legally inconceivable.

https://www.mhc.tn.gov.in/judis/ O.S.A. Nos. 42 and 55 of 2017

For Appellant : Mr. V.Raghavachari For Mr. A.Shamsudeen Raja

For Respondents : Mr. Karthik Seshadri For M/s. Iyer & Thomas (For R1) Mr. Vikram Ramakrishnan (For R5) Mr. P.Suresh (For R7 to R9 & R11) Mr. A.Shamsudeen Raja (For R10) Mr. H.Prosper (For R12 to R15) Mr. Shivakumar (For R16)

COMMON JUDGMENT [Judgment of the Court was made by N.KIRUBAKARAN, J.,]

When these matters are called today, Learned Counsel for the Appellants

seeks permission of this Court to withdraw these Appeals and he has also sent a

memo through e-mail dated 25.01.2021 to that effect, which is recorded.

2. In view of the representation made and memo filed, these Original Side

Appeals are dismissed as withdrawn. Consequently, connected Miscellaneous

Petitions are closed. No costs.

                                                                      [N.K.K.,J.]    [P.D.A.,J.]
                                                                             25.01.2021
                Maya/ay





https://www.mhc.tn.gov.in/judis/ O.S.A. Nos. 42 and 55 of 2017

N.KIRUBAKARAN, J.

and P.D.AUDIKESAVALU, J.

Maya

O.S.A. Nos. 42 and 55 of 2017

Dated : 25.01.2021

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

 
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