Mallur Siddeswara Spinning Mills Private Limited vs Mr. Kashasai Elangkumaran

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2023 Supreme(Online)(NCLT) 2897

NATIONAL COMPANY LAW TRIBUNAL
SHRI JYOTI KUMAR TRIPATHI, SHRI RAVICHANDRAN RAMASAMY, JJ
Mallur Siddeswara Spinning Mills Private Limited – Appellant
Versus
Mr. Kashasai Elangkumaran – Respondent

Advocates:
For the Appellants/Petitioners: Mr. Kishore M. Sethia, KSR & Co Company Secretaries LLP
For the Respondents:Ms. J. Madhumitha, Advocate, Mr. B. Dhanaraj, Advocate

Table of Content
1. application filed under ibc. (Para 1 , 2)
2. details regarding windmill operations and issues. (Para 3 , 4 , 5 , 6 , 7 , 8)
3. joint liability of respondents acknowledged. (Para 18 , 19 , 20 , 21 , 22)
4. respondent's objections and background. (Para 23 , 24 , 25 , 32 , 33 , 34)
5. discussion on the knowledge of respondents regarding windmill status. (Para 56 , 67 , 68 , 69 , 70)
6. jurisdiction and issues set for adjudication. (Para 105 , 106 , 108)
7. final conclusion on the matter. (Para 156)

ORDER

(Heard through Hybrid Mode)

Brief Facts

1. The present Application is preferred under Sec 60(5) of the IBC, 2016 seeking the following reliefs as follows,

“

1. To direct the Respondent No.3 to deliver the missing parts of the Windmill No. 1682 of the Corporate Debtor at its cost to the Applicant and ensure smooth functioning of the windmill provided the missing parts are found to be in serviceable condition and further direct the Respondent No.3 to pay a sum of Rs. 10 Lakhs for the purpose of installing them after requisite maintenance; (OR)

2. In the event the missing parts are not traceable or if they are not in good and serviceable condition or if Respondents No. 1 to 3 are n