High Court of Punjab and Haryana, Chandigarh
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M/s Gurdarshan Leathers Ltd. v. The Punjab Financial Corporation and ano - CWP-5980-2004  RD-P&H 56 (8 January 2007)
C.W.P. No. 5980 of 2004
Date of Decision: 16.01.2007
M/s Gurdarshan Leathers Ltd.
The Punjab Financial Corporation and another ...Respondents
CORAM: HON'BLE MR. JUSTICE M.M. KUMAR
HON'BLE MR. JUSTICE RAJESH BINDAL
PRESENT: Mr. Anand Chhiber, Advocate,
for the petitioner.
Mr. Ravi Sodhi, Advocate,
for the respondents.
M.M. KUMAR, J. (Oral)
Learned counsel for the petitioner has placed on record a copy of the order dated 10.7.2006, passed by the Board for Industrial and Financial Reconstruction (BIFR), which shows that Operating Agency IFCI has been appointed with a direction to conduct a techno- economic viability study (TEVS) of the company at the cost of the Company and prepare a viability study report and revival scheme for C.W.P. No. 5980 of 2004
it, if feasible. Learned counsel further states that in view of the fact that proceedings are pending before the BIFR, he may be permitted to withdraw the writ petition at this stage with liberty to file a fresh one on the same cause of action, if such a necessity arises.
January 16, 2007 JUDGE
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