{"id":102024,"date":"2009-11-19T00:00:00","date_gmt":"2009-11-18T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/jyoman-builders-pvt-ltd-vs-b-saratchandra-das-on-19-november-2009"},"modified":"2017-05-23T22:41:28","modified_gmt":"2017-05-23T17:11:28","slug":"jyoman-builders-pvt-ltd-vs-b-saratchandra-das-on-19-november-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/jyoman-builders-pvt-ltd-vs-b-saratchandra-das-on-19-november-2009","title":{"rendered":"Jyoman Builders Pvt.Ltd vs B.Saratchandra Das on 19 November, 2009"},"content":{"rendered":"
Kerala High Court<\/div>\n
Jyoman Builders Pvt.Ltd vs B.Saratchandra Das on 19 November, 2009<\/div>\n
       \n\n  \n\n  \n\n \n \n  IN THE HIGH COURT OF KERALA AT ERNAKULAM\n\nCo.Appeal.No. 24 of 2009()\n\n\n1. JYOMAN BUILDERS PVT.LTD, NAMBIAR\n                      ...  Petitioner\n\n                        Vs\n\n\n\n1. B.SARATCHANDRA DAS, NADUVATH,\n                       ...       Respondent\n\n2. M\/S.BENZ AUTOMOBILES PVT. LTD,\n\n3. ANUJAN THOMAS, CHORATHIL HOUSE,\n\n4. SUSY ANUJAN THOMAS, CHORATHIL HOUSE,\n\n5. V.A.KUNJU, 68\/301, MAITRI CO-OPERATIVE\n\n6. H.PARAMESWARAN, HARI NIVAS,\n\n7. LESLI PALLATH, S\/O.JOSEPH PALLATH,\n\n8. THOMAS GEORGE, KANIANTETHU HOUSE,\n\n9. M.C.NADHI, 105, CANAL ROAD, GIRINAGAR,\n\n10. MNB NAIR, SHANKERS, PARAPPILLY ROAD,\n\n11. EPHARIM P MAMBILLY, AGED 50,\n\n12. GIC HOUSING FINANCE LTD,\n\n13. V.K.SANKARANKUTTY, S\/O.O.G.MENON,AGED 57\n\n14. M.JAYASANKAR, S\/O.V.K.SANKARANKUTTY,\n\n15. VARGHESE K JOSEPH, S\/O.K.K.JOSEPH,\n\n16. LAKSHMI NARAYANAN, S\/O.I RAMASWAMY IYYER\n\n17. S.KAMALAKSHY AMMAL, W\/O.R.LAKSHMI\n\n18. VIJAYA SUNDERESH, W\/O.R.SUNDERESH,\n\n19. ANTONY KOTTACKAL, S\/O.P.K.M PILLAI.\n\n20. ............\n\n21. R.N.SHARMA,S\/O.LATE C RAGHAVA IYYER,\n\n22. ISAAC KURIAN, S\/O.P.KURIAN ISAAC, AGED\n\n23. J.M.AVENUE FLAT ALLOTEE'S ASSOCIATION,\n\n24. INDUS ADVERTISING & MARKETING\n\n25. A.GEETHA, D\/O.KAMALAM, NO.49,\n\n26. SAROJ STEELS PVT. LTD, 29\/1219A,\n\n27. T.K.ELIAS, S\/O.MATHAI KURIAN,\n\n28. K.MURALEEDHARA RAO, DOOR NO.37.3052,\n\n29. K.NAGAVENI, DOOR NO.37\/3052,\n\n30. J.M.PALACE APARTMENT OWNERS WELFARE\n\n31. E.JOSEPH SIMON, S\/O.JOSEPH, ELANJIKKAL\n\n32. SREELA JOSHY, NO.5A, J.M.TOWERS,\n\n33. GEORGE AUGUSTINE, S\/O.K.K.JOHN,\n\n34. ROSAMMA GEORGE, W\/O.AUGUSTINE, BUILDING\n\n35. V.R.SASIDHARAN UNNITHAN,\n\n36. LATHA S UNNITHAN, W\/O.V.R.SASIDHARAN\n\n37. P.V.SATHYAN, S\/O.K.K.VASUDEVAN,\n\n38. GEETHA, W\/O.P.V.SATHYAN, BUILDING NO.69,\n\n39. GRACY AUGUSTINE, W\/O.C.K.AUGUSTINE,\n\n40. SHELTOM LAPORTE, S\/O.ALOSCIOUS\n\n41. DHANALAKSHMI BANK LTD, REP. BY ITS\n\n42. THANKAMMA JOSEPH, W\/O.JOPSEPH CHACKO,\n\n43. THANAKAMMA R MENON, W\/O.KPR MENON,\n\n44. SADASIVAN K NAIR, S\/O.KUNJU NAIR,\n\n45. M.RAM DINESH, ASST. MANAGER,\n\n46. UMA SARATHCHANDRAN, W\/O.DR.K.P.SARATH-\n\n47. N.SASIKUMAR,M S\/O.LATE P.NEELAKANDA\n\n48. P.O.DEVVASSYKUTTY,S\/O.P.D.OUSEPH,\n\n49. GEETHA VIJAYAN, W\/O.VIJAYAN, FLAT NO.6G,\n\n50. SREEVIDYA SURESH, W\/O.R.SURESH,\n\n51. DR. SAJITHA KUMAR, W\/O.D.BABURAJAN, AGED\n\n52. B.BALAKRISHNAN, S\/O.P.KUMAR, AGED 37,\n\n53. JM TRIBUTES BUILDING ALLOTTEES\n\n54. MOHANAN PILLAI, S\/O.JANARDHANAN PILLAI,\n\n55. G.H.ASSOCIATES MAHAKAVI BHARATHIYAR\n\n56. M\/S.ANUROOPA STONE FLOORINGS, TD ROAD,\n\n57. SYNDICATE BANK, HOUSING FINANCE BRANCH,\n\n58. BEENA SEBASTIAN, D\/O.K.T.SEBASTIAN,\n\n59. SAPNA GOKULDAS, W\/O.GOKULDAS,\n\n60. K.P.VASUDEVAN NAIR, A69, KALYAN NAGER,\n\n61. RAJAMMA V NAIR, A69, KALYAN NAGER,\n\n62. THE FEDERAL BANK LTD, BROADWAY BRANCH,\n\n63. CSK TUBE COMPANY, REP. BY ITS PARTNER\n\n64. COL. K.T.MOHAN, S\/O.LATE N.K.THAMBI,\n\n65. SHAILAJA MOHAN, W\/O. LTD. COL.K.T.MOHAN,\n\n66. SREEKUKMAR K., S\/O.K.RAMACHANDRAN,\n\n67. KALYANI SREEKUKMAR, W\/O.SREEKUKMAR ,\n\n68. VIKAS M WARRIER, S\/O.M.R.WARRIER,\n\n69. PHILIP DEVASSIA, W\/O.K.P.DEVASSIA, AGED\n\n70. R.RAMESH CHANDRAN, S\/O.M.K.RAMACHANDRAN,\n\n71. ANITHA PARAMWSWARAN, W\/O.RAMESH CHANDRAN\n\n72. B.RAVEENDRAN ANIR, S\/O.BALAKRISHNAN NAIR\n\n                For Petitioner  :SRI.G.SREEKUMAR (CHELUR)\n\n                For Respondent  : No Appearance\n\nThe Hon'ble MR. Justice P.R.RAMAN\nThe Hon'ble MR. Justice P.R.RAMACHANDRA MENON\n\n Dated :19\/11\/2009\n\n O R D E R\n       P.R. RAMAN & P.R. RAMACHANDRA MENON, JJ.\n             ...............................................................................\n          COMPANY APPEAL Nos. 24 & 25 OF 2009\n             .........................................................................\n                 Dated this the 19th November, 2009\n\n\n\n                                  J U D G M E N T\n<\/pre>\n
P.R. Raman, J:\n<\/p>\n<\/p>\n
     Appellants in both the Company Appeals are aggrieved by<\/p>\n
the order passed by the learned Company Judge                                                on 13th<\/p>\n
October, 2009 ordering                   publication of Company Petition for<\/p>\n
winding up as a further step under Rule 96 of the Company<\/p>\n
(Court)Rules. Appellant in C.O.A.No.24 of 2009 is the first<\/p>\n
respondent (the company sought to be wound up) in C.P.No. 37<\/p>\n
of 1998 and appellant (Sterling Estates and Properties Ltd.)in<\/p>\n
C.O.A.No.25 of 2009 is a third party. ( They have filed<\/p>\n
C.A.No.475 of 2009 for getting themselves impleaded as<\/p>\n
additional respondent in C.P.No.37 of 1998).<\/p>\n
     2. It is admitted by the parties that advertisement has<\/p>\n
already been effected pursuant to the orders issued. Since the<\/p>\n
COMPANY APPEAL Nos. 24 & 25 OF 2009<\/p>\n
                                  2<\/span><\/p>\n
only prayer is being against the impugned order, this relief has<\/p>\n
become infructuous.\n<\/p>\n
      3. In the course of arguments, it was pointed out that even<\/p>\n
after the advertisement, further proceedings could be stayed by<\/p>\n
this court, but we do not find any justifiable reason to do so.<\/p>\n
But according to the appellants various steps taken to settle the<\/p>\n
creditors’ claims are still pending and that C.A.No. 317 of 2009<\/p>\n
is one such application (Annexure-VII). Likewise Sterling Estates<\/p>\n
and Properties Limited got themselves impleaded in C.A.No.221<\/p>\n
of 2007 by order in C.A.No.97 of 2008. Thereafter, they had<\/p>\n
filed Company Application No.475 of 2009 for getting themselves<\/p>\n
impleaded as respondent in C.P.No. 37 of 1998 (Annexure -XII).<\/p>\n
      4.  The learned Counsel appearing for the     GIC Housing<\/p>\n
Finance, Adv.Shri K. Jaju Babu submits that there is an<\/p>\n
agreement between GIC Housing Finance and Sterling Estates<\/p>\n
and Properties Ltd., for sale of 22 flats earmarked for them in<\/p>\n
the manner agreed to between the parties.<\/p>\n
      5. The learned Counsel Adv. Shri Jacob Mathew Manalil<\/p>\n
representing the applicant in C.A.No. 676 of 2007 submits that<\/p>\n
COMPANY APPEAL Nos. 24 & 25 OF 2009<\/p>\n
                                 3<\/span><\/p>\n
he has claim over one of the flats in the same building where 22<\/p>\n
flats are earmarked for GIC Housing Finance and that he only<\/p>\n
wants his claim to be satisfied. Adv. Shri N. Dharmadan, learned<\/p>\n
Sr. Counsel appearing for 31st respondent in C.O.A.No.24 of 2009<\/p>\n
(32nd respondent in C.O.A.No.25 of 2009) submits that he has<\/p>\n
claim for a sum of about Rs. One crore and it has not been<\/p>\n
disposed of by the Company Court.       The Receiver appointed<\/p>\n
by this Court was also heard. According to him, pursuant to the<\/p>\n
order   passed in Company Appeal 14 of 2009, various claims<\/p>\n
submitted by the parties have been cataloged and submitted in<\/p>\n
the form of a report and orders are awaited.<\/p>\n
      6. What we gather from the submissions made by the<\/p>\n
parties is that everybody wants a settlement, if possible. At the<\/p>\n
same time, they cannot wait for an indefinite period. Their<\/p>\n
apprehension is that if the Company under liquidation is ordered<\/p>\n
to be wound up, without considering different claims and<\/p>\n
suggestions made by the parties for an amicable settlement, it<\/p>\n
will not be in the interest of anybody concerned. In view of the<\/p>\n
fact that advertisement has already been effected and winding up<\/p>\n
COMPANY APPEAL Nos. 24 & 25 OF 2009<\/p>\n
                              4<\/span><\/p>\n
order is yet to be passed by the learned Company Judge, the<\/p>\n
proposal for an amicable settlement could be examined and<\/p>\n
orders passed thereon before passing final orders in the winding<\/p>\n
up petition.\n<\/p>\n<\/p>\n
                                     P.R. RAMAN,
\n                                        JUDGE.\n<\/p>\n
                              P.R. RAMACHANDRA MENON,
\n                                        JUDGE.\n<\/p>\n
lk<\/p>\n","protected":false},"excerpt":{"rendered":"
Kerala High Court Jyoman Builders Pvt.Ltd vs B.Saratchandra Das on 19 November, 2009 IN THE HIGH COURT OF KERALA AT ERNAKULAM Co.Appeal.No. 24 of 2009() 1. JYOMAN BUILDERS PVT.LTD, NAMBIAR … Petitioner Vs 1. B.SARATCHANDRA DAS, NADUVATH, … Respondent 2. M\/S.BENZ AUTOMOBILES PVT. LTD, 3. ANUJAN THOMAS, CHORATHIL HOUSE, 4. SUSY ANUJAN THOMAS, CHORATHIL HOUSE, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,21],"tags":[],"class_list":["post-102024","post","type-post","status-publish","format-standard","hentry","category-high-court","category-kerala-high-court"],"yoast_head":"\nJyoman Builders Pvt.Ltd vs B.Saratchandra Das on 19 November, 2009 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/jyoman-builders-pvt-ltd-vs-b-saratchandra-das-on-19-november-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jyoman Builders Pvt.Ltd vs B.Saratchandra Das on 19 November, 2009 - 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