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2025 DAILYLAW 48607 (RAJ)

BANK OF INDIA v. M/S TIJARIA POLYPIPES LIMITED

SAW/1310/2025 · 2025-12-01

Inderjeet Singh, Ravi Chirania

body2025

Judgment text

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[2025:RJ-JP:48626-DB] HIGH COURT OF JUDICATURE FOR RAJASTHAN BENCH AT JAIPUR D.B. Special Appeal Writ No. 1310/2025 IN S.B. Civil Writ Petition No.13943/2025 Bank Of India, Laxmi Complex Building, Subhash Marg, C- Scheme, Jaipur, Rajasthan- 302001, Through Its Branch Manager. Email-Jaipur.jaipur@bankofindia.co.in. Having Its Head Office At Star House, C-5, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai- 400051, Through Its Managing Director And Chief Executive Officer. ----Appellant Versus 1. M/s Tijaria Polypipes Limited, Having Its Registered Office At Sp-1-2316, Riico, Industrial Area, Ramchandrapura, Sitapura Extension, Jaipur- 302002 (Rajasthan),through Its Authorized Signatory Shri Vikas Jain Tijaria S/o Shri Ramesh Jain Tijara Aged 53 Years. (Original Petitioner No. 1) 2. Alok Jain Tijaria S/o Shri Ramesh Jain Tijaria, R/o F-32, Ghiya Marg, Bani Park, Jaipur.(Original Petitioner No. 2) 3. Union Of India, Ministry Of Finance, Through Secretary, Government Of India, North Block, New Delhi-4 (Original Respondent No. 1) 4. Reserve Bank Of India, Through Chief General Manager, Near Rambagh Circle, Jaipur. (Original Repondent No. 2) ----Respondents For Appellant(s) : Mr. A.K. Sharma, Senior Counsel assisted by Mr. Ajay Shukla. For Respondent(s) : Mr. Sanjay Jhanwar, Senior Counsel assisted by Mr. Archit Bohra, Ms. Neha Bansal, Mr. Prakhar Jain & Mr. Rahul. Mr. Khem Chand Sharma for respondent No.3. HON'BLE MR. JUSTICE INDERJEET SINGH HON'BLE MR. JUSTICE RAVI CHIRANIA [2025:RJ-JP:48626-DB] (2 of 3) [SAW-1310/2025] Order 01/12/2025 This appeal has been filed by the appellant challenging the order dated 10.10.2025 passed by the learned Single Judge in S.B. Civil Writ Petition No.13943/2025. The learned Single Judge on 10.10.2025, passed the following order:- “1.Learned counsel for the respondents submit that they have filed reply of the petition today itself. Office is directed to tag the same with the file. 2.Learned counsel for the petitioners submit that insolvency proceedings against the petitioners have been initiated by the respondent-Bank before the National Company Law Tribunal, Jaipur by filing CP No (IB)-54/7/JPR/2023 in which next date of hearing for final disposal is 28.10.2025, therefore, till disposal of this writ petition the proceedings pending before the National Company Law Tribunal, Jaipur should be stayed otherwise the petition shall be infructuous. 3.Heard learned counsel for the parties. 4.List the matter for final hearing on 19.11.2025 and the National Company Law Tribunal, Jaipur is directed to post the matter pending before it after 19.11.2025.” Learned Senior Counsel appearing on behalf of the appellant submits that no interim order has been passed by the learned Single Judge and in the garb of the order dated 10.10.2025, the National Company Law Tribunal, Jaipur is not proceeding with the pending matter. Learned Senior Counsel appearing on behalf of the respondents has opposed the submissions made by learned Senior Counsel for the appellant. [2025:RJ-JP:48626-DB] (3 of 3) [SAW-1310/2025] We have perused the order dated 10.10.2025 passed by the learned Single Judge. Upon careful examination of the said order, we find that no interim order has been passed by the learned Single Judge in this matter, therefore, the proceedings pending before the National Company Law Tribunal, Jaipur stand unaffected. However, learned Single Judge is requested to decide the writ petition expeditiously. Accordingly, the appeal stands disposed of. (RAVI CHIRANIA),J (INDERJEET SINGH),J MG/57