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Calcutta High Court

Tpg Equity Management Pvt. Ltd vs O/L on 23 July, 2014

Author: Patherya

Bench: Patherya

                   IN THE HIGH COURT AT CALCUTTA
                          Original Jurisdiction
                            ORIGINAL SIDE

                        CA 400 OF 2013
                             WITH
                        BIFR 520 of 1992
                         CA 409 of 2014
       BHARAT PROCESS & MECHAMICALS ENGG. LTD. (IN LIQN.)

                                AND

                  TPG EQUITY MANAGEMENT PVT. LTD.

                                -VS-

                                O/L


BEFORE:

The Hon'ble JUSTICE PATHERYA

Date : 23rd July, 2014.

                               Mr.S.N.Mookherjee, Sr. Advocate
                               Mr. Ratnanko Banerjee, Sr.Advocate
                               Mr. Mainak Basu, Advocate
                               Mr.Reetobroto Mitra, Advocate
                               Mr. Bijoy Bhartia, Advocate
                               Mr. U. Ghosh, Advocate
                               Ms. M. Bose, Advocate
                                             ....for Secured Creditors
                               Mr. Shiv Shankar Banerjee, Advocate
                               Ms. Rituparna Majumder, Advocate
                               Mr. Gora Chand Roychowdhury, Advocate
                               Mr. Soumava Basu, Advocate
                                             ...for respondent/OMDC

Mr. Vipul Kundalia, Advocate Ms. Sonal Shah, Advocate ...for joint Administrators Mr.Rajsekhar Mantha, Advocate ...for Workmen Mr. B. Mohanti, Advocate Ms. Ruma Sikder, Advocate ...for O/L. 2 The Court :- While deciding the issue raised by the applicant Counsel for OMDC seeks to rely on certain documents which are according to him germane to the issue with regard to his right to exploit the mines of the company (in liquidation). These documents according to him have not been annexed to the pleadings as all that he did was to meet the case of the applicant herein.

It is only the case of the applicant which is being considered in the said proceedings and in doing so documents of OMDC are the only documents which are being considered by Court. Therefore, the question of any further document being produced for the issue in question cannot be permitted at this stage and the prayer made by Counsel for OMDC is rejected.

An adjournment is also sought by Counsel for OMDC on the ground that he is not ready in the matter but this prayer cannot be allowed as Counsel is not expected not to be ready in the matter at the time when a matter appears in Court. This is not the first time that this matter has appeared in fact it was appearing on an earlier occasion and had been adjourned and, therefore, it is on the adjourned date that this matter has appeared. Therefore, the said prayer cannot be allowed and accordingly the matter is proceeded with.

Certified copy of this order be supplied to the parties, if applied for, upon compliance of all requisite formalities.

(PATHERYA, J.) GH/pa.