Telangana High Court
WP/18829/2004 of The Andhra Cements Workers Union ( Independent), Vs The Appellate Authority for Industrial AND Financial- on 27 December 2004
HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) MONDAY, THE TWENTY SEVENTH DAY OF DECEMBER TWO THOUSAND AND FOUR PRESENT THE HON'BLE SRI DEVINDER GUPTA, THE CHIEF JUSTICE and THE HON'BLE MR JUSTICE B.SESHASAYANA REDDY WRIT PETITION NO : 18829 of 2004 Between:
IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD
(Special Original Jurisdiction)
MONDAY, THE TWENTY SEVENTH DAY OF DECEMBERTWO THOUSAND AND FOUR
PRESENT
THE HON'BLE SRI DEVINDER GUPTA,THE CHIEF JUSTICE
and
THE HON'BLE MR JUSTICE B.SESHASAYANA REDDY
WRIT PETITION NO : 18829 of 2004
Between:
The Andhra Cements Workers Union ( Independent), (Regd.NO.G-418), DurgaCement Unit, Dachepalli, rep. by its President, Presently Gunja Anjaneyulu, S/o.Late Narasaiah, Dachepalli, Guntur District, A.P.
..... PETITIONER
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1. The Appellate Authority for Industrial & Financial- Reconstruction (AAIFR), Indra Prakash Bldgs., K.G. Marg, New Delhi-110 001. 2 The Board for Industrial & Financial Reconstruction (BIFR), Jawahar Vyapar Bhavan, 1, Tolstoy Marg, New Delhi- 110 001,.
3 M/s. Andhra Cements Company Ltd.,(ACL), ( A Public Ltd., Company incorporated under the - Companies Act 1956) rep. by its Managing Director, having its corporate Office at 2nd Floor, Chandralok Complex, 111, Sarojini Devi Road, Secunderabad - 500 003, A.P.
4 M/s. Durga Estates, Lotus Land Mark, C.K. Reddy Road, Adyodhaya Nagar, Vijayawada-520 003, A.P.
5 M/s. Industrial Development Bank of India, Rehabilitation Financial Department, IDBI Tower, Cuffe Parade, Mumbai-400 005.
6 The Secretary, Industries & Commerce Dept., Govt of A.P.,Secretariat, Hyderabad.
7 The Secretary, Department of Industrial Development, Ministry of Industry, Govt of India, Udyog Bhavan, New Delhi.
8 M/s. Duncans Industries Limited, 31, Netaji Subhash Road, Kolkata - 700 001.
.....RESPONDENTS
Petition under Article 226 of the Constitution of India praying that in thecircumstances stated in the Affidavit filed herein the High Court will be pleased toissue a Writ, Order or direction, more particularly one in the nature of writ ofMandamus declaring the order passed by the 1st respondent AAIFR in AppealsNo.90/2004 and 148/2004 dt. 08.07.2004 staying the order of the 2nd respondent-BIFR dt. 17.04.2003 and further directing the 5th respondent IDBI to implement theMemorandum of Understanding dt. 07.02.2003 after issuing the No. ObjectionCertificate and releasing the title deeds on pro-rata basis to the extent of saleconsideration, u/sec.25 of the sick Industrial Companies ( Special Provisions) Act,1985 r/w Regulation 16 of the Board of Industrial & Financial ReconstructionRegulations 1987 as being violative of the principles of natural justice, opposed toequity, justice and the very object and purpose of the Sick Industrial Companies (Special Provisions) Act, 1985 and consequently set aside the orders of the 1strespondent - AAIFR in Appeals No.90/2004 and 148/2004 dt. 08.07.2004.
Counsel for the Petitioner:MR.B.CHINNAPA REDDY
Counsel for respondent Nos.1, 2, 5, 6 and 8: None appeared.
Counsel for respondent Nos.3 and 4: Mr.CH.Ramesh Babu Counsel for the Respondent No.7: MR.Deepak Bhattacharjee (Addl. SC FORCG)
The Court made the following :
ORAL ORDER: (per the Hon’ble the Chief Justice)
In the writ petition, interim order dated 8[th] July, 2004 passed by the firstrespondent in Appeal Nos.90 of 2004 and 148 of 2004 was challenged. During thependency of the writ petition, Appellate Authority for Industrial and FinancialReconstruction has disposed of the appeals and the very fact that the appeals, theinterim order in which was challenged in this writ petition, have been disposed ofand against the order of Appellate Authority for Industrial and FinancialReconstruction W.P.No.22820 of 2004 is filed and was dismissed by a DivisionBench of this Court, render this writ petition infructuous and is disposed of as such.In case, the petitioner has any other grievance, the petitioner can seek its redressalin accordance with law.
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DEVINDER GUPTA, CJ
27-12-2004
________________________
B.SESHASAYANA REDDY, J
tvr
To
1. The Appellate Authority for Industrial & Financial- Reconstruction (AAIFR), Indra Prakash Bldgs., K.G. Marg, New Delhi-110 001.
2 The Board for Industrial & Financial Reconstruction (BIFR), Jawahar Vyapar Bhavan, 1, Tolstoy Marg, New Delhi- 110 001,. 3 M/s. Industrial Development Bank of India, Rehabilitation Financial Department, IDBI Tower, Cuffe Parade, Mumbai-400 005.
4 The Secretary, Industries & Commerce Dept., Govt of A.P.,Secretariat, Hyderabad.
5 The Secretary, Department of Industrial Development, Ministry of Industry, Govt of India, Udyog Bhavan, New Delhi. 6 2 CCs to the Addl. Central Govt. Standing Counsel, High Court buildings, Hyderabad (OUT).
7 2 CD copies.