Ciba Petrochem Pvt.Ltd & Ors. v. Development Credit Bank & Ors.
Case at a glance
Outcome
Disposed of
Writ petition is disposed of
Provisions considered
Key paragraphs
- Para 22. We make it clear that if the amount is not deposited within two weeks from today, the respondents to proceed against the petitioner in accordance with law. . Writ petition is disposed of. CHIEF JUSTICE V.M. KANADE, J.
Judgment
Shri P.C. Kansara instructed by Ms.Manisha Dabhade for the Petitioners. CORAM : H.S. BEDI, C.J., & V.M. KANADE, J. DATED : DECEMBER 19, 2006. P.C. :-
We are not inclined to grant interim relief in this matter whatsoever as the order under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 has not been impugned by way of appeal. In the present situation, the learned Counsel for the petitioner undertakes to deposit Rupess Thirty-five lakhs with the respondent Bank within two weeks and in case, he does so, no further proceedings will take place till the decision of OA which is pending before the Debt Recovery Tribunal.
Operative part
We make it clear that if the amount is not deposited within two weeks from today, the respondents to proceed against the petitioner in accordance with law. . Writ petition is disposed of. CHIEF JUSTICE V.M. KANADE, J.
Questions this judgment answers
What did the Court decide in this case?
The Court recorded the following disposition: Writ petition is disposed of
Which statutory provisions did this judgment involve?
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
Which court decided this case, and when?
Bombay High Court, on 19 Dec 2006. The bench was V M KANADE.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.