ASSET RECONSTRUCTION COMPANY (INDIA) LTD v. M/s Ramco Super Leathers Ltd.,
OSA/124/2023 · 2026-08-06
K Govindarajan Thilakavadi, P Velmurugan
Civil Appealbody2023
DailyLaw.ai
[ 2023 DAILYLAW 5708 (MAD) · dailylaw.ai ]
DailyLaw.ai
[ 2023 DAILYLAW 5708 (MAD) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
O.S.A.Nos.123 & 124 of 2023 __________ Page1 of 4 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 06-08-2026 CORAM THE HON'BLE MR JUSTICE P. VELMURUGAN AND THE HON'BLE MRS.JUSTICE K. GOVINDARAJAN THILAKAVADI O.S.A.Nos.123 & 124 of 2023 and C.M.P.Nos.15516 & 15582 of 2023 M/s.Asset Reconstruction Company (India) Ltd Rep by Power of Attorney Mr.Jigar Dalal, The Ruby, 10th Floor 29, Senapati Bapat Marg Dadar(W), Mumbai- 400028, Also at 1G, First Floor, Century Plaza, No.560-562 Teynampet, Anna Salai, Chennai- 600 018. ..Appellant in both the Appeals Vs
1. M/s Ramco Super Leathers Ltd., No.78, Kumarappa Chetty Street, Periampet, Chennai - 600 003, (In Prov.Liquidation) O/O, Official Liquidator, Madras High Court, Corporate Bhavan, Rajaji Salai, Chennai- 01. 2. M/s Phoenix ARC Private Ltd. 5th floor, Dani Corporate Bank No.158, C.S.T. Road, Kalina, MMRDA Santacruz(E), Mumbai 400 098. 3. Industirial Investment Bank of India Ltd., (Under Member’s voluntary inding up) Rep.by its Liquidator Mr.Ramnarayan Dhar, Head Office No.19, Netaji Subhas Road, Kolkatta - 700 001. 4. M/s Noombal Gardenia, No.45, Halls Road, Kilpauk, Chennai- 600 010. https://www.mhc.tn.gov.in/judis
O.S.A.Nos.123 & 124 of 2023 __________ Page2 of 4
5. The Sub registrar of Kundrathur District Thiruvallur, Taluka Poonamallee, Chennai, Tamil Nadu- 600 069. ..Respondents in both the Appeals Prayer : These Original Side Appeals have been filed Order XXXVI Rule 1 of Madras High Court Original Side Rules r/w Clause 15 of the Letters Patent to set aside the Judgement and Decree order dated 22.02.2023 in COMP.A.Nos. 411 & 410 of 2022 in C.A.122 of 2019 in C.P.502 of 2015 respectively and allow the applications as prayed for. For Appellant:
M.SREEVISHWANTHINI in both the OSAs For Respondent(s):
K.JAYARAMAN for M/S. GANESH AND GANESH K.MOHAN FOR CAVEATOR R4 Mr.H. Karthik Seshadri for M/s.Iyer and Thomas for R2 - in both the OSAs COMMON JUDGMENT (Judgment of the Court was delivered by P.Velmurugan J.) These Original Side Appeals are listed under the caption “for withdrawal” at the instance of the learned counsel for the appellant based on the letter dated
04.08.2026. 2 Today, the learned counsel for the appellant appeared and sought permission of this Court to withdraw the appeals. https://www.mhc.tn.gov.in/judis
O.S.A.Nos.123 & 124 of 2023 __________ Page3 of 4 3 In view of the letter submitted by the learned counsel on record for the appellant and the submissions made by him, these Original Side Appeals are dismissed as withdrawn. Consequently connected miscellaneous petitions are closed.
No costs. (P.V.,J.) (K.G.T.,J.) 06-08-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No cgi https://www.mhc.tn.gov.in/judis
O.S.A.Nos.123 & 124 of 2023 __________ Page4 of 4 P.VELMURUGAN, J. AND K.GOVINDARAJAN THILAKAVADI, J. cgi O.S.A.Nos.123 & 124 of 2023 and C.M.P.Nos.15516 & 15582 of 2023 06-08-2026 https://www.mhc.tn.gov.in/judis