Meta AI: The Madras High Court has allowed the Original Side Appeal (O.S.A.No.227 of 2025) filed by Phoenix ARC Pvt. Ltd., setting aside the order dated 05.09.2022 in O.P.No.260 of 2022. The court has made the interim protection granted under order dated 18.07.2025 absolute.

[09/01, 07:43] Meta AI: The Madras High Court has allowed the Original Side Appeal (O.S.A.No.227 of 2025) filed by Phoenix ARC Pvt. Ltd., setting aside the order dated 05.09.2022 in O.P.No.260 of 2022. The court has made the interim protection granted under order dated 18.07.2025 absolute.

The case involves a dispute over the sale of property by Samarpana Charitable Trust to Chennai Metro Rail Project (CMRL). The court observed that the entire exercise was an attempt by borrowers and guarantors to avoid financial commitments towards the Bank, and CMRL will take measures to secure the amounts paid by them.

The court also noted that R1’s approach to the court in O.P.No.260 of 2022 was contrary to the legal position, and only an application/suit under Section 92 of the Code of Civil Procedure is maintainable.

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[09/01, 07:45] Meta AI: ✅ Madras High Court allows O.S.A.No.227 of 2025, setting aside order dated 05.09.2022.
✅ Interim protection granted under order dated 18.07.2025 made absolute.
✅ Case involves Samarpana Charitable Trust, Phoenix ARC, and CMRL.
✅ Court finds attempt to avoid financial commitments; CMRL to secure amounts paid.
✅ Only Section 92 CPC application/suit maintainable for trust disputes.