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Bombay High Court

Parusaraman Karthik Iyer vs Karvy Financial Services Limited And 8 ... on 10 October, 2018

Author: S.C. Gupte

Bench: S.C. Gupte

                                                                                                                                 carbp170-16.doc

                    sg                 
                                       IN THE HIGH COURT OF JUDICATURE AT BOMBAY

                                       ORDINARY ORIGINAL CIVIL JURISDICTION
                                                     
                       COMMERCIAL ARBITRATION PETITION NO.170 OF 2016

            Parusaraman Karthik Iyer                                                                         ...Petitioner
                                 vs
            Karvy Financial Services Limited And 8 Ors.                                                      ...Respondents

                                                     WITH
                                       ARBITRATION PETITION NO.601 OF 2016

            Deccan Chronicle Holdings Ltd. And Anr.                ...Petitioners
                                  vs
            Karvy Financial Services Limited                       ...Respondent
                                                   .....
            Mr.   Rishi   Murarka,   i/b.   Bimal   Rajasekhar,   for   the   Petitioners   in
            CARBP/170/16.

            Mr. Ashish Pyasi, a/w. Mr. Umang Thakar and Ms. Ashlesha Raut, i/b.
            Dhir & Dhir Associates, for the Petitioners in ARBP/601/16.
                                                ......
                                       CORAM :  S.C. GUPTE, J.

DATED: 10 OCTOBER, 2018 P.C. :

. Learned Counsel for the parties seek an adjournment on the ground that M/s. Deccan Chronicle Holdings Limited, who are Petitioners in Arbitration Petition No.601 of 2016, are facing corporate insolvency proceedings before NCLT, Hyderabad and that a Resolution Professional (RP) has been appointed in the matter. Since the petitions can now be prosecuted only by the RP, the petitions are stood over to 31 October 2018. Both parties to communicate this order to the RP.
Pg 1 of 2 carbp170-16.doc Respondent in Arbitration Petition No.601 of 2016 to communicate this order to the RP.
Digitally signed by
Smita       Smita Johnson
Johnson     Gonsalves


                                                                                                                                 ( S.C. GUPTE, J. ) 
            Date: 2018.10.12
Gonsalves   16:00:51 +0530




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