JUDGMENT :

(Krishna Rao, J.) :

1. The plaintiff has filed the present application being G.A No. 1 of 2021 praying for an order of injunction restraining the respondents from giving any effect or further effect of the purported deed of revocation dated May 11, 2021 of the Power of Attorney dated November 21, 2011 and further orders.

2. The defendant has filed an application being G.A 3 of 2022 praying for an order of stay of all further proceedings in respect of G.A No.1 of 2021 in CS No. 149 of 2021 till the disposal of Title Suit No. 314 of 2021, T.S 613 of 2021 and T.S 430 of 2022 pending before the Learned 10th Bench, City Civil Court, at Calcutta.

3. As applications being G.A 1 of 2021 and G.A 3 of 2022 is connected with each other and thus both the applications are taken up together for adjudication.

4. Title Suit No. 314 of 2021 is the first suit filed by M/s Lindsey Towers Private Limited (Now known as KAHM Industries Private Limited herein after referred to as KAHM) against Punalur Paper Mills Limitedand Others praying for the following reliefs:

“a) a decree for declaration that the said agreement dated 15.05.10 is still in force in subsisting and is binding upon the parties and the defendant no. 1 including rest of the defendants shall have no right to close the said account i.e. Schedule B property in utter violation of the said agreement dated 15/5/2010;

b) a decree for declaration that the plaintiff has every right to operate or maintain the bank to operate or maintain the bank account of the schedule “B” property;

c) a decree for permanent injunction restraining the defendants and their men and agents from closing the said account i.e. schedule “B” property and also restraining them from creating any obstruction for maintain and operating the bank account of the schedule “B” property by the Plaintiff;

d) temporary injunction;

e) cost of the suit;

f) any other relief or reliefs.”

5. Subsequent to filing of Title Suit No. 314 of 2021, Punalur Paper Mills Ltd. (herein after referred to as Punalur) had filed another suit being Title Suit No. 613 of 2021 against IndusInd Bank Ltd. praying for following reliefs:

“a) a decree for declaration that the plaintiff alone is entitled to operate its own account standing in the name of the plaintiff through its authorized signatory Sri. T.K. Sundaresan, the Chairman and Managing Director of the plaintiff company in respect of the said account i.e. Bank Account being No. 0015-608737-060 (previous Account No. 200001818875 with Ms. Indus Ind Bank, 3A, Upper Wood Street Branch, Police Station-Hare Street. Kolkata-700017 which is more fully and particularly described in the Schedule below in accordance with the resolutions of the plaintiff company;

b) a decree for declaration that the defendant bank has no authority to permit persons who are not associated to the plaintiff company in any manner whatsoever to operate the said Bank Account being No. 0015-608737-060 (previous Account No. 200001818875) with M/s. Indus Ind Bank, 3A, Upper Wood Street Branch, Police Station-Hare Street, Kolkata-700017 which is more fully and particularly described in the Schedule below.

c) a decree for permanent injunction restraining the defendant from permitting any person other than the plaintiff represented by its authorized signatory Sri. T.K. Sundaresan, the Chairman and Managing Director of the plaintiff company in accordance with the resolution of the Board of Directors of the plaintiff company dated 25th February, 2021 and the subsequent resolutions of the plaintiff company, if any, to encash and/or transfer any amounts from the said Bank Account being No. 0015-608737-060 (previous Account No. 200001818875) with M/s. Indus Ind Bank, 3A, Upper Wood Street Branch, Police Station – Hare Street, Kolkata – 700017 which is more fully and particularly described in the Schedule below;

d) Costs and Advocate’s fees;

e) Such other relief or reliefs as the plaintiff is entitled to for the ends of justice.”

6. A