National Buildings Construction ... vs Antia Electricals Pvt. Ltd. And Ors. on 9 May, 2003
This view, however, has not been followed by Division Bench of Madras High Court and taking contrary view in the case of Mangayarkarasi Apparels Pvt. Ltd. v. Sundaram Finance Ltd. (supra), the Division Bench of Madras High Court differed with aforesaid view of Bombay High Court. The relevant discussion of the Madras High Court in the aforesaid judgment is in the following terms :