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Calcutta High Court

Pdgd Investments And Trading (P) Ltd vs Vikrant Forge Ltd. & Ors on 10 March, 2017

Author: Jyotirmay Bhattacharya

Bench: Jyotirmay Bhattacharya, Sahidullah Munshi

                           ORDER SHEET
                           ACO 112/2016
                           APO 164/2015
                  IN THE HIGH COURT AT CALCUTTA
                  Civil Appellate Jurisdiction
                          ORIGINAL SIDE



            PDGD INVESTMENTS AND TRADING (P) LTD.
                            Versus
                  VIKRANT FORGE LTD. & ORS.


    BEFORE:
    The Hon'ble JUSTICE JYOTIRMAY BHATTACHARYA
                  AND
    The Hon'ble JUSTICE SAHIDULLAH MUNSHI

    Date : 10th March, 2017.

                                           Appearance :
                                      Mr.Ashoke Ghosh,
                                      Mr.Ajay Gaggar, Advs.

                                      Mr.Sanket Sarawagi, Adv.


    The Court : Pursuant to an interim order passed in the

appeal, the appellant deposited a sum of Rs.1,02,000/- with

the Registrar, Original Side, High Court, for enjoying the

benefit of the interim order passed on 9th April, 2015. The

appeal ultimately was allowed by the judgment and order dated

12th April, 2016.

    Thereafter,     the   appellant    took   out   this   application

seeking permission to withdraw the deposited amount along
                                         2


with interest accrued thereon. We are informed by the learned

Counsel appearing for the appellant that the money which was

deposited by the appellant was invested in short-term fixed

deposit by the Registrar, Original Side.

       While the said application was being considered on the

last    occasion,     we    were    informed    by    the    learned       Advocate

appearing     for     the   Official        Liquidator      that     one   of   the

respondents,         namely,       Vikrant    Forge        Limited     filed    an

application seeking review of the order dated 12th April, 2016 by which the appeal was disposed of and the said review application was yet to be disposed of.

Considering such submission made by Mr.Ghosh, learned Advocate, we declined to allow the appellant's application without ascertaining the fate of the review application on the earlier date.

When this application is taken up for consideration today, the learned Advocate for the appellant submits that the said review application was dismissed by treating the same as withdrawn, in pursuance of an order passed by the other Division Bench of this Court dated 6th March, 2017. A copy of the order passed by the Division Bench of this Court dated 6th March, 2017 has also been placed before us. Let the 3 copy of this order be kept on record and the same be treated as part of the record.

In view of dismissal of the review application, we dispose of the present application filed by the appellant by directing the Registrar, Original Side, High Court, to release the deposited amount together with interest accrued thereon in favour of the appellant subject to compliance with necessary formalities by the appellant in this regard.

The application is, thus, disposed of.

(JYOTIRMAY BHATTACHARYA, J.) (SAHIDULLAH MUNSHI, J.) sd/