TMI Blog2023 (12) TMI 946X X X X Extracts X X X X X X X X Extracts X X X X ..... rupti Sarangi, C.R. Drarakanath, K. Ravi Kannan, P. Raghuraman, A. Ramesh, V. Mythili, R.S. Gunasekaran, P. Gandhi, P. Gowtham, Chinta Bhavani Shankar, M. Madhusudhan, M. Sathish Kumar, S. Saye Balasubramaniam, M/s. Vasavi Builders, Perananda Perumal, G. Lokesh - Indian Laws - 2023 (12) TMI 946 - MADRAS HIGH COURT - TMI - MADRAS HIGH COURT - HC - Dated:- 5-10-2023 - W. P. No. 13686 of 2023 - - - I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Vasavi Builders with that of the Home Buyers were exercised in the Account of M/s.Vasavi Housing and Infrastructure Limited. Further, Section 60(3) of Insolvency and Bankruptcy Code 2016 clearly states that any case relating to the Corporate Debtor pending in any Court or Tribunal shall be transferred to the Adjudicating Authority (NCLT Chennai) dealing with the Insolvency Resolution Process or L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 1 to 3 to initiate action under Tamil Nadu Town and Country Planning Act, 1905 and the Chennai City Municipal Corporation Act, 1919 by immediately acting in furtherance to the lock and seal notice No.05/2016/Dn.200 dated 19.01.2017 and demolish the unauthorised construction of the building. 2. Today, when the matter is taken up for hearing, the learned Standing Counsel appearing for the Chenn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t has been stated that though M/s. Vasavi Builders /25th respondent herein is a partnership firm, most of the financial transactions of Vasavi Builders with that of the Home Buyers were exercised in the Account of M/s.Vasavi Housing and Infrastructure Limited. Further, Section 60(3) of Insolvency and Bankruptcy Code 2016 clearly states that any case relating to the Corporate Debtor pending in any ..... X X X X Extracts X X X X X X X X Extracts X X X X
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