HON’BLE SRI JUSTICE NAGESH BHEEMAPAKA WRIT PETITION No. 17711 OF 2024

O R D E R:

This Writ Petition is filed to interdict the 3^rd respondent Tribunal from proceeding with trial / enquiry in connection with M.P. No. 4 of 2019 filed by the 4^th respondent and consequently to hold that the Tribunal has no jurisdiction to try and adjudicate the same.

2. The brief facts of the case are: Petitioner company was formed through a Scheme of Arrangement sanctioned by this Court on 01.09.2015 in Company Petitions No. 175 to 178 of 2015, demerging from M/s Maheshwari Megaventures Ltd. The latter came into existence following the amalgamation of M/s Ashish Developers and Builders and M/s RKM Builders Pvt. Ltd. under orders dated 22.03.2005 in C.P.Nos. 201, 202, and 203 of 2004. M/s Dewan Bahadur Ramgopal Mills (DBR Mills) began operations in 1920 on a leased property at Lower Tank Bund, Hyderabad, owned by Chenai family. The property later became the subject of a Compromise Decree dated 20.10.1967 in O.S.No. 38 of 1967 on the file of the Chief Judge, City Civil Courts, Hyderabad, granting ownership to Mrs.

Khorshed Shapoor Chenai. DBR Mills faced financial difficulties and was declared a sick unit