CARE Ratings Limited v. 63 Moons Technologies Limited
A/2186/2026 · 2026-06-03
K Kumaresh Babu
Transfer Petitionbody2026
DailyLaw.ai
[ 2026 DAILYLAW 27683 (MAD) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 27683 (MAD) · dailylaw.ai ]
Judgment text
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A No. 2186 of 2026 __________ Page1 of 6 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 03-06-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU A No. 2186 of 2026 in O.A. Nos. 230 to 232 of 2020 and A.Nos. 1431 to 1433, 2676, 2677, 2786 to 2788, 2877, 2883, 3069, 3294 & 3295 of 2020 and A.Nos. 657 to 659 of 2021 in C.S. No. 154 of 2020 CARE Ratings Limited Represented by its Authorised signatory -P.Sandeep No. O-509/C, Spencer Plaza, 5th Floor No. 769, Anna Salai, Chennai 600 002. ..Applicant(s) Vs
1. 63 Moons Technologies Limited (formerly known as Financial Technologies (India) Ltd.) Rep by its Authorised Signatory Mr.D.John Dheepka, Having its registered office at Sakthi Tower-1, 7th Floor, E-766, Anna Salai, Thousand Lights, Chennai-600002. 2. M/s.Wadhwan Global Capital Limited Ground Floor, Madhava Building, Near Family Court, Bandra (East) Mumbai Mumbai-400 051 Also at 10th Floor, TCG Financial Center, BKC Road, Mumbai- 400 098. 3. Kapil Rajeshkumar Wadhawan Former Chairman and Managing Director, DHFL at the relevant time, https://www.mhc.tn.gov.in/judis
A No. 2186 of 2026 __________ Page2 of 6 Having office at Warden House, 2nd Floor, Sir P M Road, Fort Mumbai 400001 And residing at 22/23, Sea View Palace Pali Hill, Bandra (West) Mumbai-400 050. 4. Dheeraj Rajeshkumar Wadhawan Former Director, DHFL at the relevant time, Having office at Warden House, 2nd Floor Sir P M Road, Fort, Mumbai 400001 And residing at 22/23, Sea View Palace, Pali Hill Bandra (West), Mumbai-400 050. 5. Harshil Mehta Former Chief Executive Officer, DHFL, Having office at Warden House, 2nd Floor, Sir P M Road, Fort, Mumbai 400 001. 6. Santosh Sharma Flat No.1801, 18th Floor, Emerald Wing-3 Vasant Oasis Complex, Borosil Plot Makwana Road, Marol Andheri East Mumbai - 400 059. 7. M/s.Brickwork Ratings India Private Limited 2nd floor, B wing, Swelect House, No 5, Sir P.S Sivasamy Salai, Mylapore, Chennai 600 004. 8. M/s.Chaturvedi and Shah Chartered Accountants A partnership firm registered under the provisions of the Indian Partnership Act, 1932 Having office at 714 – 715 Tulsiani Chambers, 212, Nariman Point, Mumbai 400 021. https://www.mhc.tn.gov.in/judis
A No. 2186 of 2026 __________ Page3 of 6
9. M/s.T.R.Chadha & Co. LLP 5D, 5th Floor, Mount Chambers 758, Anna Salai, Chennai-600 002.
10.M/s.Rajendra Neeti & Associates A partnership firm registered under the provisions of the Indian Partnership Act, 1932 and Having office at144, Jolly Maker Chamber II Nariman Point, Mumbai 400 021. 11.M/s.Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited) Ganapathy Colony, III Street Teynampet, Chennai- 600 018. 12.M/s.Union Bank of India No. 29, Sardar Patel Road, 1st Floor Adyar, Chennai 600020. 13.M/s.DOIT Talent Ventures (India) Pvt. Ltd 15 Floor, Tower 2A, One Indiabulls Centre S B Marg Lower Parel, Mumbai 400013. 14.M/s.Sunblink Real Estate Pvt. Ltd. Office No. 502, Madhava Plot No. C-4, Block, BKC Bandra (East), Mumbai 400051. 15.M/s.RKW Developers Pvt. Ltd. HDIL Towers, 4th Floor, Anant Kanekar Marg, Bandra (East), Mumbai 400 051. ..Respondent(s) This application filed under Order XIV Rule 8 of Original Side Rules read with Order XXXIX Rule 4 and Section 151 of the Code of Civil Procedure, seeking to discharge the interim injunction dated 01.02.2023 passed in O.A.Nos.230-232/2020, A.Nos.1431-1433, 2676, 2677, 2786-2788, 2877, 2883, 3069, 3294, 3295/2020 and 657-659/2020 in C.S. No.154 of 2020 in so far as https://www.mhc.tn.gov.in/judis
A No. 2186 of 2026 __________ Page4 of 6 the Applicant is concerned in view of the Fixed Deposit receipts (dated 21.05.2026 bearing Nos. 0741106 and 0741112 drawn on Indian Bank, (Chetput Branch) deposited in the name of the Registrar, High Court of Madras. For Applicant(s): Mr.R.Parthasarathy, Senior Counsel M/s.Tanushree Arvind For Respondent(s): Mr.Nithyaesh Natraj (R1) Mr.Arun C.Mohan (R5) Mr.Rohan K.George (R7) Mr.Anirudh Krishnan (R8) O R D E R By order dated 01.02.2023, injunctions were granted passed against the defendants, which was to be continued to operate till the defendants comply with the conditions enumerated therein. 2.
The applicant, who is the sixth defendant, was directed to furnish a security to an extent of 10% of the Suit claim and it is the claim of the applicant that it had produced two Fixed Deposit receipts to the value of Rs.23 crores 16 lakhs and the same had also been placed before this Court. Original Fixed Deposit receipts issued by the Indian Bank, Corporate Office, Chennai in favour of the Registrar General of Madras High Court/ CARE RATINGS LIMITED, are to mature on 22.05.2031. 3. In view of the compliance of the order in respect of the applicant, the injunction as granted against the applicant/ VI defendant shall stand raised. https://www.mhc.tn.gov.in/judis
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4. This order is without prejudice to the rights of the parties in the intra-Court Appeal in O.S.A. Nos. 63 to 67 of 2023. 5. Registry is directed to transmit the Fixed Deposit Receipts to the Registrar General of Madras High Court. 6. Application No. 2186 of 2026 is ordered. 7. List Application No. 1409 of 2024 on 23.06.2026. 03-06-2026 Note : Issue Order copy by 04.06.2026. Maya To The Registrar General Madras High Court Chennai-600104. https://www.mhc.tn.gov.in/judis
A No. 2186 of 2026 __________ Page6 of 6 K.KUMARESH BABU, J. Maya A No. 2186 of 2026 in O.A. Nos. 230 to 232 of 2020 and A.Nos. 1431 to 1433, 2676, 2677, 2786 to 2788, 2877, 2883, 3069, 3294 & 3295 of 2020 and A.Nos. 657 to 659 of 2021 in C.S. No. 154 of 2020 Dated : 03-06-2026 https://www.mhc.tn.gov.in/judis