LAWS(MAD)-2016-9-134

CAMBRIDGE SOLUTIONS LIMITED Vs. GLOBAL SOFTWARE LIMITED; ING VYSEYA BANK LIMITED; DSQ SOFTWARE LIMITED; DEBTS RECOVERY TRIBUNAL-I; RECOVERY OFFICER

Decided On September 28, 2016
Cambridge Solutions Limited Appellant
V/S
Global Software Limited; Ing Vyseya Bank Limited; Dsq Software Limited; Debts Recovery Tribunal-I; Recovery Officer Respondents

JUDGEMENT

(1.) Osa.No.4 of 2010 is filed against the order and decreetal order, dated 30.09.2008, made in A.No.339 of 2008 in CS.No.765 of 2007 by the learned single judge of this Court, dismissing the application. OSA.No.317 of 2011 is filed against the order and decreetal order, dated 23.12.2010, made in OA.No.1034 of 2007 in CS.No.765 of 2007 by the learned single judge of this Court.

(2.) The appellant herein in both the appeals is the 1st defendant in the above suit and the applicant in A.No.339 of 2008 filed to reject the plaint, contending that the suit is not maintainable. The appellant was the 1st respondent in OA.No.1034/2007 filed by the plaintiff. The said application was filed to restrain the appellant, its men or agent or any one claiming under them from any manner seeking to reflect the redemption of the debentures in the books of accounts. As against the dismissal of the application to reject the plaint, OSA.No.4/2010 has been filed. As against the decreetal order, allowing OA.No.1034/2007, the OSA.No.317/2011 has been filed.

(3.) For the sake of convenience, the parties are referred as per their rank in the suit.