The Madras High Court has granted an interim injunction until further orders restraining K.C. Palanisamy of Coimbatore and six others from initiating or pursuing any civil, criminal or other proceedings and arrest warrants and lookout circulars against the applicants in three civil suits without the court’s permission. This will include any proceedings relating to the affairs of Cheran Enterprises (P) Ltd or in respect of J.V. Agreement of January 30, 2004 or in respect of the loan transaction indirectly between OARC and DAIL.
Justice R. Sudhakar passed the interim order on applications in three civil suits filed by Prem Watsa and Paul Rivett of Canada, Ramasamy Athappan, Nandakumar Athappan and Gobinath Athappan of Singapore and Chandran Ratnaswami of Canada. The plaintiffs/applicants were represented through Power of Attorney, R. Ravichandran.
The applicants prayed the court to pass an order of temporary injunction restraining the respondents, their men, directors and assigns, including companies from initiating or pursuing any civil, criminal or other proceedings and arrest warrants and look out circulars against the applicants without leave of the High Court including any proceeding relating to the affairs of Cheran Enterprises (P) Ltd., or in respect of the J.V. Agreement until disposal of the suits. The others restrained by the interim order were C.G. Holdings Private Limited and Vasantha Mills Ltd, Coimbatore, Cheran Properties Ltd, Bangalore, K.C.B. Associates and Cheran Holdings Private Ltd, Chennai and Cheran Constructions Ltd, Coimbatore.
The court ordered notice to the respondents on the applications returnable by eight weeks, that is, on or before November 22.