Greaves Cotton Ltd v. Newage Generators Pvt Ltd

O R D E R %

14.11.2024 CO.APPL. 1004/2024 in CO.PET. 601/2016 CO.APPL. 1005/2024 in CO.PET. 604/2016

¶1The present Applications under Section 151 of the Code of Civil Procedure, 1908 have been filed on behalf of the respondent seeking transfer of the present petitions to the National Company Law Tribunal.

¶2Learned counsels for the parties have referred to the Order dated

23.04.2024 vide which this Court had observed that since these two winding up petitions are complete non-starter and a Provisional Liquidator is yet to This is a digitally signed order. be appointed, the matter would be required to be referred to National Company Law Tribunal in view of the decision of the Apex Court in Action Ispat & Power (P) Ltd. vs. Shyam Metalics & Energy Ltd., (2021) 2 SCC

641.

¶3The perusal of the record also shows that both the petitions were filed in the year 2016 and for the last two and a half year, the parties have been trying to arrive at a settlement and even thereafter, no material proceedings have taken place.

¶4Accordingly, in view of the decision of the Apex Court in Actin Ispat & Power (P) Ltd., (supra), the applications are allowed and these two petitions are transferred to the Registrar, National Company Law Tribunal.

¶5The next date of hearing i.e., 05.03.2025 stands cancelled. NEENA BANSAL KRISHNA, J NOVEMBER 14, 2024 S.Sharma This is a digitally signed order.

* IN THE HIGH COURT OF DELHI AT NEW DELHI + CO.PET. 601/2016 GREAVES COTTON LIMITED .....Petitioner Through: Mr. Jaspreet Singh Kapur, Advocate through VC. versus ARG DISTRIBUTORS PRIVATE LIMITED .....Respondent Through: Mr. Saurabh Seth, Ms. Neelampreet & Mr. Abhiroop Rathore, Advocates. + CO.PET. 604/2016 GREAVES COTTON LTD .....Petitioner Through: Mr. Jaspreet Singh Kapur, Advocate through VC. versus NEWAGE GENERATORS PVT LTD .....Respondent Through: Mr. Saurabh Seth, Ms. Neelampreet & Mr. Abhiroop Rathore, Advocates. CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA