IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE KURIAN JOSEPH & THE HONOURABLE MR. JUSTICE HARUN-UL-RASHID THURSDAY, THE 18TH OCTOBER 2007 / 26TH ASWINA 1929 MFA.No. 276 of 1992() --------------------- AGAINST THE COMMON ORDER IN COMPANY APPLICATION NOS. 191 TO 196 ; 294; 321 TO 328 ETC. 58A(9)/SRB/K/91. OF THE COMPANY LAW BOARD, MADRAS. .................... APPELLANT: ---------------- M/S. THE TRAVANCORE RAYONS LIMITED RAYONPURAM 683 543, KERALA BY ADV. SRI.C.M.DEVAN(SR.) RESPONDENTS: ---------------------- 1. BENCH OFFICER, COMPANY LAW BOARD SHASTRI BHAVAN, 'A' WING V FLOOR, BLOCK VIII 26, HADDOWS ROAD MADRAS 600 006. 2.M.KRISHNAKUMAR, C.183, 9TH CROSS ROAD THILLAI NAGAR, THIRUCHIRAPALLI -620 018 3. MANGALAM COPALAN & S. GOPALAN 8 LIC COLONY, MADRAS 600 095 4.K.K.VIMALA, 1 SITARAMANAGAR 11 STREET , R.V.NAGAR P.O MADRAS 51. 5. P.RAMESH, 2.2.20/D, BAGH AMBERPET, HYDERABAD 500 013. 6. COL.SUBRAMANI IYER, ROUND HOUSE, A.02, PRASANTHI NILAYAM (A.P) 515 134 7. LAKSHMI KRISHNAN, DOUBLE STREET NEW VILLAGE, KOLLANGODE 678 506. 8. USHA SUBRAMANIAM 47 ALWAR THIRUNAGAR ANNEX, MADRAS 87 9. K.MEERA, U/G.K.MADHAVA MENON KAHISSERIYIL HOUSE, VADUTHALA COCHIN-23. 10.K.NANDHINI, U/G. K.MADHAVA MENON , KANISSERIYIL HOUSE, VADUTHALA, COCHIN-23 11. K.MAYA U/G K.MADHAVA MENON KANNISSERIYIL HOUSE, COCHIN -23 12. K. MADHAVA MENON, KANNISERIYIL HOUSE VADUTHALA, COCHIN-23. 13. A.VENKATESAN, H.55, RBI QUARTERS KILPAUK, MADRAS-10 14. S.SHANTHALEKSHMI H.55, RBI QUARTERS, KILPAUK MADRAS-10. 15. R.L.MEHTA B/5 8/3RD FLOOR SHIVAATYAM HOUSING SOCIETY OPP: POLICE STATION, S.V.ROAD KANDIVLI WEST, BOMBAY. 16. S.KALYANI, SRIKALYAN, 26, WEST MASI STREET , MADURAI-1 17. R,SANTHA,D.1 NANGAL ROAD BLOCK 27, NEIVELI 607 803 18. PREMA BOSS, 13, ARCHBISHOP MATHIAS CRESCENT ROAD MADRAS-28 19. J.KRISHNAMURTHY RAO,' VINAYA' 20, 12TH MAIN ROAD, III BLOCK EAST JAYANAGAR, BANGALORE 560 011 20. N.S. VISWANATHAN 937, 20TH MAIN BANASHANKARI II STAGE BANGALORE 560 070 21. K.RAVICHANDRAN, 10 BAYARAM AVENUE SHASHTRI NAGAR, MADRAS-20 22. K.V.SREENIVAS, 50, 7TH AVENUE ASHOK NAGAR, MADRAS 83 23. S. DORAISWAMY,49,WEST PANNAGARAM VIII STREET, MADURAI 625010 24. ALAMELU AMMAL, C/O S.VASUDEVAN, IB, I MAIN ROAD, VIJAYANAGAR MADRAS-42 25. V.GOVINDAN NAIR, VATTEKKAT HOUSE P.O CHOONDAL, KERALA 680 502 26. V.GOVINDAN NAIR, VATTEKKAT HOUSE PO CHOONDAL , KERALA 680 502 27. J.M.MALHOTRA, KOTHI NO.2 MUKUND NAGAR, GHAZIABAD. 28. K.SARADA, VATTEKAT HOUSE PO CHOONDAL, KERALA 680 502 BY ADV. SRI.K.SAJAN VARGHESE SRI.JAYAPRADEEP. V., ADDL.CGSC THIS MISC. FIRST APPEAL HAVING BEEN FINALLY HEARD ON 18/10/2007, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ORDER IN C.M.P NO. 3662 OF 1992 IN M.F.A. NO. 276 OF 1992 DISMISSED SD/- KURIAN JOSEPH, JUDGE SD/- HARUN-UL-RASHID,JUDGE 18-10-2007 KURIAN JOSEPH & HARUN-UL-RASHID, JJ. ------------------------------------------ M.F.A.No. 276 of 1992 ------------------------------------------- Dated this the 18th day of October 2007 JUDGMENT Kurian Joseph,J The Miscellaneous First Appeal is filed by the petitioner aggrieved by Annexure -D order of Company Law Board. Though the case has a long history , in the nature of the order we propose to pass it is not necessary to refer to all the factual details. The undisputed factual position is that the appellant company is a sick industrial establishment and therefore unable to pay back its creditors. It is seen from the Government Order ( G.O (MS) No. 109/2007/ID) that the Government of Kerala has intervened and arrangements for rehabilitation and restructuring of the company have been taken in the matter. In that view of the matter, we dispose of this appeal making it clear that there shall be no further proceedings pursuant to Annexure -D since those issues are also being taken care of, by the Government while implementing the package of rehabilitation programme regarding the appellant company. KURIAN JOSEPH, JUDGE HARUN-UL-RASHID, JUDGE es