IN THE HIGH COURT OF JUDICATURE AT MADRAS

Judgment Reserved on : 16-12-2020

Judgment Delivered on : 24-03-2021

Coram :

THE HONOURABLE MR. JUSTICE R. SUBBIAH

and

THE HONOURABLE MR. JUSTICE C. SARAVANAN

O.S.A. No. 156, 157, 160, 161 and 162 of 2020

and

C.M.P.Nos.7808, 7810, 7811, 7814, 7815, 7816 and 9019 of 2020

(Heard through Video-Conferencing)

O.S.A No. 156 of 2020

ETA Mauritius Limited

A Company incorporated under the appropriate

Laws of the Mauritius,

having its Registered Office at

Port Louis Management Services Ltd.,

3rd Floor, Harbour Front Bldg.,

President John Kennedy St.,

Port Louis, Mauritius.

..Appellant

Versus

1. PUEBLO Holdings Limited

Rep. by its Authorized Signatory

Mr.Siddhesh Sham Kshirsagar

Trust Company Complex

Ajeltake Road, Ajeltake Islands,

Majuro MH 96960, Marshall Islands.

2. Emirates Trading Agency LLC,

A Company incorporated under the

appropriate Laws of the United Arab Emirates,

having its Registered Office and/or business address

at ETA Star House,

Salahuddin Road, Deira, Dubai,

United Arab Emirates.

1

https://hcservices.ecourts.gov.in/hcservices/

3. Electromechanical Technical Associates Ltd.,

A Company incorporated under the

appropriate laws of Mauritius,

having its Registered Office at

Port Louis Management Services Ltd.,

3rd Floor, Harbour Front Bldg.,

President John Kennedy St.,

Port Louis, Mauritius.

4. ASCON Constructions Ltd.,

A Company incorporated under the

appropriate Laws of Mauritius,

having its Registered Office at

Les Cascades, Edith Cavell Street,

Port Louis, Mauritius.

5. Real Value Investments Ltd.,

A Company incorporated under the

appropriate Laws of Mauritius,

having its Registered Office at

Port Louis Management Services Ltd.,

3rd Floor, Harbour Front Bldg,

President John Kennedy St.,

Port Louis, Mauritius.

6. ETA Port Operations and Rapid Transport

System Ltd.,

A Company incorporated under the

Companies Act, 1956,

having its Registered Office at

Buhari Towers, 6th Floor,

No.4, Moores Road, Chennai-600 006.

7. ETA Engineering Pvt. Ltd.,

A Company incorporated under the

Companies Act, 1956,

having its Registered Office

at New No.71, Old No.63,

3rd Floor, Sterling Road,

Nungambakkam, Chennai-600 034.

8. East Coast Terminal Operations

and Port Services Ltd.,

A Company incorporated under the

Companies Act, 1956, having its

Registered Office at

Buhari Towers,

2

https://hcservices.ecourts.gov.in/hcservices/

6th Floor, No.4, Moores Road,

Chennai-600 006.

9. Pink City Expressway Pvt. Ltd.,

A Company incorporated under the

Companies Act, 1956, having its

Registered Office at Nos.10 and 11,

Dr.Radhakrishnan Salai, 4th Floor,

Chennai Citi Centre,

Mylapore, Chennai-600 004.

10. West Asia Maritime Ltd.,

A Company incorporated under the

Companies Act, 1956, having its

Registered Office at Buhari Towers,

6th Floor, No.4, Moores Road,

Chennai-600 006.

11. ETA Karnataka Estates Ltd.,

A Company incorporated under the

Companies Act, 1956, having its

Registered Office at 4th Floor,

Chennai Citi Centre,

10 and 11, Dr.Radhakrishnan Salai,

Mylapore, Chennai-600 004.

12 . ASCON Travels Pvt. Ltd.,

A Company incorporated under the

Companies Act, 1956, having its

Registered Office at MKM Chambers,

No.42, Kodambakkam High Road,

Chennai-600 034.

13. ETA India Ltd.,

A Company incorporated under the

Companies Act, 1956, having its

Registered Office at

No.5, Moores Road, Chennai-600 006.

14. ETA Properties and Investment Pvt. Ltd.,

A Company incorporated under the

Companies Act, 1956,

having its Registered Office at

4th Floor, Chennai Citi Centre,

10 and 11, Dr.Radhakrishnan Salai,

Mylapore, C