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2023 Supreme(Mad) 626

SENTHILKUMAR RAMAMOORTHY
Ramco Super Leathers Ltd. , Chennai – Appellant
Versus
Industrial Investment Bank of India Ltd. , Represented by its Liquidator, Kolkata – Respondent


Advocates appeared:
For the Applicants:P.S. Raman, Senior Counsel for M/s. P. Krishnan, KM. Aasim Shehzad, Advocates. For the Respondents:R1, Pamathri Sridhar, Official Liquidator, R2, H. Karthik Seshadri for M/s. Iyer & Thomas, R12, K. Ramanamoorthy, R14, M/s. Shivakumar & Suresh, Advocates.

JUDGMENT

(Prayer: This Application is filed to permit the applicant company to sell its schedule mentioned item 1 to 3 properties in favour of Mr.Narayanan and his associates or his nominees M/s.R.Narayanan Infracon Pvt. Ltd., and his associates or his nominees, M.Sohanraj and his associates or his nominees and permit to made over 4th item schedule mentioned property in favour of Rukmani Narayanan or her nominee.)

In Comp.A.No.139 of 2021: This Application is filed under Order XIV rule 8 of O.S. rules r/w section 9, 11B of the Companies (Court) Rules, 1959, praying to:-

    (a) This Application should not be treated as urgent ?

    (b) This Hon''ble Court be not pleased to direct the respondents 1 to 5 to file an affidavit before this Hon''ble Court on various steps taken by them pursuant to order dated 29.01.2003 in CP.No.239 to 242 of 2001 and also disclose the list of assets already sold/auctioned/alienated and details of consideration if any received and manner in which the sale proceeds were distributed.

    In Comp.A.No.140 of 2021: This Application is filed under Order XIV rule 8 of O.S. rules r/w section 9, 11B of the Companies (Court) Rules, 1959, praying to:-

    (a) This Application should no

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