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2025 DAILYLAW 9054 (MAD)

M/s. Triad Trading Services Private Ltd v. M/S.ANALOG FINANCIAL SERVICES Ltd

COMP.A/108/2025 · 2026-07-17

K Kumaresh Babu

Transfer Petitionbody2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

COMP.A No. 108 of 2025 __________ Page1 of 5 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 17-07-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU COMP.A Nos. 108, 133 & 134 of 2025 IN CP NO. 15 OF 2014 1. M/s. Triad Trading Services Private Ltd Flat No.2, F-1, Kalyan Atkinson Road, Vepery, Chennai 600 007. 2. M/s. Thamiraparani Investment Pvt Ltd., Flat No.D-2, 1, Srishti Crescendo, 24, Desika Road, Mylapore, Chennai 600 004 3. M/s. Fund Management Services of India Pvt ltd., Flat No.2-F1, “Kalyan” No.4, Jyothi Venkatachallum Road, Vepery, Chennai 4. M/s.Money Market Services India Pvt Ltd., D-1,Srishti Crescendo, No.24, Desika Road, Chennai 600 004 5. M/s.Visram Financial Services Pvt Ltd., D-1, Srishti Crecendo, 24, Desika Road, Chennai 600 004 6. M/s. Viswapriya Realty Services Pvt Ltd., No.2, I Cross Road, Kasturba Nagar, Adyar, Chennai 600 020 7. M/s. Quadrangle Trading Services Private Limited Flat No.2-B, ‘Kalayan’, No.4, Jyothi Venkatachallum Road, Vepery, Chennai 600 007 https://www.mhc.tn.gov.in/judis COMP.A No. 108 of 2025 __________ Page2 of 5 ..Petitioner(s) in all the Applications Vs 1. M/S.ANALOG FINANCIAL SERVICES Ltd Room No.3, I Floor, Sastri Road, Sundaram Shopping Complex, No.20 Tennur, Trichy 620 017 Rep.by its Director Mr.R.Ganesh 2. The Official Liquidator, As the provisional Liquidator of M/s. Viswapriya (India) Limited, Madras High Court, No.26, Corporate Bhavan, Rajaji Salai, Chennai-600001. ...Respondent(s) in Comp.A.No.108 of 2025 1. M/S.ANALOG FINANCIAL SERVICES Ltd Room No.3, I Floor, Sastri Road, Sundaram Shopping Complex, No.20 Tennur, Trichy 620 017 Rep.by its Director Mr.R.Ganesh 2. The Official Liquidator, As the provisional Liquidator of M/s. Viswapriya (India) Limited, Madras High Court, No.26, Corporate Bhavan, Rajaji Salai, Chennai-600001. 3. The Competent Authority under the TNPID Act, District Revenue Officer, Chennai-600001. 4. Office of the Joint Director The Directorate of Enforcement Chennai Zonal Office 3rd Floor, C Block, Murugesa Naicker complex 84, Greams Road, Chennai-600006. Respondent(s) in Comp.A.Nos.133 & 134 of 2025 https://www.mhc.tn.gov.in/judis COMP.A No. 108 of 2025 __________ Page3 of 5 PRAYER in Comp.A.No.108 of 2025:- Company Application filed praying this court not to modify the scheme approved in CP.No.15/2014 by order dated 30.04.2014 as per Exhibit A annexed. PRAYER in Comp.A.Nos. 133 & 134 of 2025:- Company Applications filed praying this court not to direct sale of the property described in schedule herewith so that the sale proceeds can be dealt with as per the modification proposed to the scheme once such modification is approved pending disposal of the application for modification of the scheme. For Petitioner(s): Ms.M.K. Kanimozhi For Respondent(s): Ms.B.Ambili Deputy Official Liquidator for R2 COMMON ORDER Today, when the matter was taken up for hearing, the learned counsel appearing on behalf of the applicant in all the applications filed a Memo dated 17.07.2026 seeking withdrawal of these Applications. 2. However, the same is resisted by the learned counsel appearing for the Depositors Association by contending that these applications are nothing but a farce to delay these proceedings. As similar applications filed earlier, had been dismissed on merits by this Court, this Court records the objections, but, however, considering the fact that the Dominus litus who had filed these https://www.mhc.tn.gov.in/judis COMP.A No. 108 of 2025 __________ Page4 of 5 applications seeks withdrawal of these applications. Hence, this Court finds no impediment in permitting the withdrawal of these applications. 3. Recording the said Memo and the submissions made by the learned counsel appearing for the applicant, the above captioned applications are dismissed as withdrawn. No costs. 17-07-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No GBA https://www.mhc.tn.gov.in/judis COMP.A No. 108 of 2025 __________ Page5 of 5 K.KUMARESH BABU, J. GBA COMP.A Nos. 108, 133 & 134 of 2025 IN CP NO. 15 OF 2014 17-07-2026 https://www.mhc.tn.gov.in/judis