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2020 Supreme(SC) 1022
SUPREME COURT OF INDIA
ARUN MISHRA, UDAY UMESH LALIT, JJ.
Bikram Chatterji & Ors. – Petitioners
VERSUS
Union of India & Ors. – Respondents
Writ Petition(s)(Civil) No(s). 940 of 2017
Decided On : 10-07-2020
Advocates appeared:
For the parties Mr. R. Venkataramani, Senior Advocate (Court Receiver) Mr. Pavan Aggarwal, Forensic Auditor Mr. Ravinder Bhatia,Forensic Auditor Mr. Tushar Mehta, Solicitor General Mr. Raghvendra Pratap Singh, Adv. Mr. Ravindra Kumar, Adv. Mr. Vikramjit Banerjee, ASG Mr. Vibhu Shankar Mishra, Adv Mr. Mukul Singh, Adv. 19 Mr. B V Balaram Das, AOR Mr. Sanjay Jain,ASG Mr. Vikraramjit Banerjee,ASG Ms. V. Mohana,Sr.Adv. Ms. Anil Katiyar,Adv. Mr. Raj Bahadur,Adv. Mr. Prashant Singh,Adv. Mr. Vikramjit Banerjee, Ld ASG Ms. V Mohna, Sr. ,Adv Mr. Prashant Singh A,Adv Mr. Mukul Singh,Adv Mrs. Anil Katiyar, Adv. Mr. Harish Salve, Senior Advocate Mr. Pradhuman Gohil, Advocate Ms. Taruna Singh Gohil, AoR Ms. Pratibha Jain, Advocate Mr. Arjun Gupta, Advocate Ms. Ranu Purohit, Advocate Ms.Payal Chatterji, Advocate Ms. Riya Chopra, Advocate Mr Parag Tripathi, Sr Adv Mr Joy Basu, Sr Adv Mr Kanak Bose, Adv Mr Varun Sarin, Adv Mr Lalitaksh Joshi, Adv Mr. Ashok Mathur, Adv. Mr. Mukul Rohtagi, Sr. Adv. Mr. Ravindra Kumar, Adv. Mr. Dhruv Mehta, Sr. Advocate Mr. Jasmeet Singh, AOR Mr. Ketan Gaur, Advocate Mr. Ayush Mitruka, Advocate Mr. Ashish Bhan, Advocate Mr. Saif Ali, Advocate Mr. Pushpendra S. Bhadoriya, Advocate Ms. Rusheet Saluja, Advocate Mr. Mahesh Jethmalani,Sr.Adv Mr. Karan Kalia, Adv Ms. Anubha Agrawal, Adv Ms. Siya Chaudhay, Adv Mr. Gopal Shankarnarayanan, Sr. Adv. Mr. Raj Kamal, Aor Mr. Dk Sharma, Adv. Mr. Maheen Pradhan, Adv. Mr. Aseem Atwal, Adv. Mr. Kartavya Batra, Adv. Mr. Ramji Srinivasan Sr. Advocate Ms. Shweta Kapoor Advocate Ms. Anindita Roy Chowdhury Advocate Sayobani Basu, Advocate Ms. Urvashi Misra, Advocate Mr. Anis Ahmed Khan AOR Mr. Dhruv Mehta, Sr. Adv. Mr. Gaurav Goel, AOR Ms. Varsha Madhukar, Adv. Mr. Rajesh Kumar, Adv. Mr. Sanjay Hegde,Sr.Adv. (Appearance slip not given) Mr. V.K. Shukla,Sr.Adv. (Appearance slip not given) Mr. Siddhartha Dave, Sr. Advocate Mr. Gudipati G. Kashyap Ms. Apoorva Pandey Ms. T. Archana (A.O.R.) Mr. Raghvendra Singh, Sr. Adv. (Advocate General) Ms. Garima Prashad, AOR Ms. Deepali Dwivedi, Adv. Mr. Fuzail Ahmad Ayyubi, Adv. Mr. Gautam Das..AOR Mr. C.M. Gopal,Adv. Mr. Sunil ku. Sethi,Adv. Lalit Rana,Adv. Mr. Santosh Bebarta,Adv. Mr. Talha A Rahman, AOR Mr Pawan Bhushan, Adv. Mohz. Shah Khan, Adv. Ms. Shweta Kapoor Adv, Mr. Anis Ahmed Khan AOR Mr. P.B.A. Srinivasan, Advocate Mr. Aman Gupta A.O.R. Mr. Avinash Mohapatra, Advocate Mr. Parth D. Tandon, Advocate Mr. Neelam Phukan, Advocate Mr. Rahul Malhotra, Adv. Mr. Varun Garg, Adv. Ms. Himanshi Madan, Adv. Mr. Rajesh P., Adv. Mr. Shubham Bhalla, AOR Mr. Deepak Samota, Adv. Mr. Vijay Kumar Diwedi, Adv. Mr. Avneesh Arputham, Adv. Ms. Anuradha Arputham,Adv. Mr. Manish Kumar Saran,Adv. Mr. Pradeep Misra Adv. Mr. Daleep Dhyani Adv. Mr. Suraj Singh Adv. Ms. Kirti R. Mishra, AOR Ms. Apurva Upmanyu, Adv. Mr. Rajinder Wali, Adv. Mr. B.K. Satija, Adv. Mr. Vivek Narayan Sharma,Adv. Mr. Sanjoy Kumar Ghosh, Advocate Ms. Rupali Samanta Ghosh, AOR Mfr. Keshav Mohan, Adv Mr. R.K Awasthi, Adv Mr. Prashant Kumar, Advocate Mr. Santosh Kumar – I, Adv. Dr. Amardeep Gaur Advocate For M/s. V.Maheshwari & Co . Ms. Prerna Mehta, Adv. Mr. Rohit Singh, ADv. Mr. Tileshwar Prasad, Adv. Mr. Naresh Aditya Mahdav, Adv. Mr. Niraj Gupta, Advocate on Record Md. Fuzail Khan, Advocate Mr. Siddharth Krishna Dwivedi, Adv. Ms. Nidhi Singh, Adv. Ms. Taru Singh, Adv. Mr. Aakarshan Aditya, Adv. Mr. Janender Kumar Chumbak, Advocate Ms. Amita Singh Kalkal, AOR Mr. D. P. Singh, Adv. Mr. Anurag Gupta, Adv. Mr. Archit Singh, Adv. Ms. Sonam Gupta, Adv. Mr. Mohit Chaudhary, Adv. Ms. Puja Sharma, Adv. Mr. Kunal Sachdeva, Adv. Mr. Shyam Singh Yadav, Adv. Mr. Imran Ali, Adv. Mr. Balwinder Singh Suri , Adv. Mr. Parveen Kumar, Adv. Ms . Garima Sharma, Adv. Ms. Srishti Gupta, Adv. For Kings & Alliance, AOR Mr. Vikram Hegde, Advocate Ms. Anurag Rana, Advocate Ms. Hima Lawrence, AOR Mr. Ambhoj Kumar Sinha, Adv. Mr. Arpit Rai, Adv Mr. Aviral Kashyap, AOR Mr. Bishwajit Dubey, Adv Ms. Srideepa Bhattacharyya, Adv Mr. Sumit Attri AOR For Cyril Amarchand Mangaldas, AOR Mr. Sukant Vikram, AOR Mr.Kumar Shashwat, Adv. Shri Satish Pandey AOR Ms. Geeta Verma Adv Mrs. Mayuri Raghuvanshi, AOR Mr. Vyom Raghuvanshi, Advocate Ms. Sangya Negi, Advocate Mr O. P. GAGGAR, AOR Mr. Aditya Gaggar, Advocate Mr. Rohit Sharma, Adv. Mr. Rounak Nayak, Adv. Mr. Atul Agarwal, Adv. Mr. Kumar Dushyant Singh, Adv. Mr. Alok Kumar,Adv. Mr. Balaji Srinivasan,Adv. Ms. Garima Jain,Adv. Ms. Sowmya Yadava,Adv. Mr. Prakash Kumar Singh, AoR Dr Brij Bhushan K . Jauhari Ms. Purnima Jauhari, Adv, Mr. Harsh Mahan , Adv. Mr. O.P. Singh, Adv. Ms. Anisha Upadhyay(AOR) Mr. Nishant Kumar Mr. Abhinav Shrivastava, AOR Mr. Karan Chadha, Adv Mr. Divyakant Lahoti, AoR Mr. Parikshit Ahuja, Adv. Ms. Praveena Bisht, Adv. Ms. Vindhya Mehra, Adv. Ms. Madhur Jhavar, Adv. Mr. Kartik Lahoti, Adv. Mr. Rahul Maheshwari, Adv. Mr. Bhanu Pant, Adv. Ms. Sakshi Banga, Advocate Mr. Anas Tanwir, AoR Ms. Garima Prashad, Aor Mr. Abhitosh Pratap Singh, Adv. Mr. Rohit Kumar Singh, Adv. Mr. Shubham V. Gawande, Adv. Mr. Vikramjit Banarjee, ASG Mr. Mukul Singh Adv Mr. Vikrant Yadav Adv Mr. Vibhu Shanker Mishra Adv Mr. R.R. Rajesh Adv Mr. Raj Bahadur Yadav, Adv. Ms. Arti Singh, AOR Mr. Aakashdeep Singh Roda, Adv. Mr. Basant Pal Singh, Adv. Mr. Harish Salve, Senior Advocate Ms. Pallavi Shroff, Advocate Mr. Manu Nair, Advocate Mr. Neelabh Sheeresh, Advocate Mr Shardul Shroff, Advocate on Record Ms. Indra Sawhney, Adv. Mr. Ranjan Kumar Pandey, Advocate On Record Mr. Anuj Tiwari, Advocate Mr. Shikhar Shrivastava, Advocate Mr. Manoj Singh, Adv. Mr. Rajesh Kumar, Adv. Mr. Gaurav Goel, AOR Mr. Atul Sharma, Adv. Mr. Kamal Gupta, Adv. Mr.Abhishek Agarwal AOR Mr. Suman Tripathy, Adv. Mr. Rameshwar Prasad Goyal, Adv. Mr. Sahil Sethi, Adv. Mr. Shivam Sharma, Adv. Ms. Astha Sharma, AoR Mr. A.C.Mishra (Adv) Miss Nipun Sharma (Adv) for ACM Legal (AOR) Mr. Rajesh K. Gupta, Adv. Ms Jasmine Damkewala, AOR Mr. Shivam Sharma, Advocate Mr. Vinod Kumar, Advocate Mr. Braj Kishore Mishra, AOR Ms. Richa Kapoor, AOR Mr. Kunal Anand, Adv. Mr. Chandan Kumar, AOR Mr. Rituraj Choudhary, Adv. Mr. Abdul Azeem Kalebudde, AOR M/S. Dharmaprabhas Law Associates, AOR Mr. A. P. Mohanty, AOR Mr. Shadan Farasat, AOR Mr. G. Balaji, AOR Mr. Gopal Jha, AOR Ms. E. R. Sumathy, AOR Mr. Aniruddha P. Mayee, AOR Mr. Rameshwar Prasad Goyal, AOR Mr. Ashok Kumar Singh, AOR Mr. Binay Kumar Das, AOR Ms. Jasmine Damkewala, AOR Mr. Prithvi Pal, AOR By Courts Motion, AOR Mr. Prakash Ranjan Nayak, AOR Mr. Shovan Mishra, AOR Mr. Vivek Narayan Sharma, AOR Mr. Naresh Kumar, AOR Mr. Shishir Pinaki, AOR Ms. Sayaree Basu Mallik, AOR Ms. Pallavi Pratap, AOR Mr. Raj Kamal, AOR Mr. Kumar Mihir, AOR Mr. Sukant Vikram, AOR Mr. Amit Pawan, AOR Mr. Kailash Prashad Pandey, AOR Mr. Himanshu Shekhar, AOR Mr. Manish Kumar Saran, AOR Mr. Gaurav Goel, AOR Mr. Mohammed Sadique T.a., AOR For M/S. Cyril Amarchand Mangaldas Mr. Akhilesh Kumar Pandey, AOR Ms. Rakhi Ray, AOR Mr. Badri Prasad Singh, AOR Mr. Dharmendra Kumar Sinha, AOR Mr. Gaurav Goel, AOR Mr. Ramesh Babu M. R., AOR Mr. Ravindra Kumar, AOR Ms. Garima Prashad, AOR Mr. Balaji Srinivasan, AOR Mr. Rajesh Kumar Gupta, AOR Mr. Mukesh Kumar Maroria, AOR Mr. Shree Pal Singh, AOR Mr. G. N. Reddy, AOR Mr. Somiran Sharma, AOR Mr. Kaushik Choudhury, AOR Mr. Aakarshan Aditya, AOR Mr. Mushtaq Ahmad, AOR Mr. Rohit Kumar Singh, AOR Mr. Anis Ahmed Khan, AOR Mr. E. C. Vidya Sagar, AOR Mr. Malak Manish Bhatt, AOR Mr. Dhananjay Garg, AOR Mr. Brijesh Kumar Tamber, AOR Mr. Nitish Massey, AOR Mr. Rabin Majumder, AOR Ms. Chandan Ramamurthi, AOR Mr. Raj Kamal, AOR Mr. Pawanshree Agrawal, AOR Ms. Manju Jetley, AOR Mr. Rakesh Kumar-i, AOR Mr. Chandra Prakash, AOR Mr. Balraj Dewan, AOR Ms. Vandana Sehgal, AOR Mr. Sureshan P., AOR Ms. Misha Rohatgi, AOR Mr. Ashok Mathur, AOR Mr. Kedar Nath Tripathy, AOR Ms. Anisha Upadhyay, AOR Mr. Aman Gupta, AOR Ms. Anannya Ghosh, AOR M/S. V. Maheshwari & Co., AOR Mr. Prem Prakash, AOR Mr. Prakash Ranjan Nayak, AOR Mr. Raj Singh Rana, AOR Mr. Prakash Kumar Singh, AOR Mr. Mohit D. Ram, AOR Mr. T. Mahipal, AOR Mr. Anas Tanwir, AOR Mr. K. Paari Vendhan, AOR Mr. Avneesh Arputham, AOR Mr. Tejaswi Kumar Pradhan, AOR Ms. Jasmine Damkewala, AOR Mr. Vipin Kumar Jai, AOR Mr. Ejaz Maqbool, AOR Applicant-in-person Ms. Praveena Gautam, AOR Mr. Ashwarya Sinha, AOR Mr. Abhishek Agarwal, AOR Dr. Nafis A. Siddiqui, AOR Mr. Sanand Ramakrishnan, AOR Ms. Sujata Kurdukar, AOR Ms. Indra Sawhney, AOR Mr. Purvish Jitendra Malkan, AOR Mr. Raj Bahadur Yadav, AOR Mr. Sumit Sinha, AOR Mrs. Mona K. Rajvanshi, AOR Ms. Pallavi Pratap, AOR Mr. Sudhir Naagar, AOR Mr. Satish Pandey, AOR Mr. D. S. Chauhan, AOR Mrs. Rupali Samanta Ghosh, AOR Mr. Rohit Amit Sthalekar, AOR Mr. Anoop Prakash Awasthi, AOR Mr. Ambhoj Kumar Sinha, AOR Mr. Varinder Kumar Sharma, AOR Ms. Veera Kaul Singh, AOR Mr. Arvind Gupta, AOR Mr. Rajesh Mahale, AOR Mr. Anil Kumar Mishra-i, AOR Mr. M. M. Kashyap, AOR Mrs. Taruna Singh Gohil, AOR Mr. Kumar Mihir, AOR Mr. Somanatha Padhan, AOR Mr. S. S. Shroff, AOR Mr. Ravindra Sadanand Chingale, AOR Mr. Ashok Kumar Singh, AOR Mr. Sanjay Kapur, AOR Mr. Ajit Sharma, AOR Mr. Kabir Dixit, AOR Mr. Divyakant Lahoti, AOR Mr. Abhimanue Shrestha, AOR M/S. Kings And Alliance Llp , AOR Mr. Udita Singh, AOR Mr. Kaushal Yadav, AOR Shri. Gaichangpou Gangmei, AOR Ms. Charu Ambwani, AOR Ms. Charu Mathur, AOR Mr. Aneesh Mittal, AOR Mr. Santosh Kumar - I, AOR Mr. Abhinav Shrivastava, AOR Mrs. Anil Katiyar, AOR Mr. Rishi Matoliya, AOR Mr. Sanchit Garga, AOR Mr. O. P. Gaggar, AOR Mr. Atishi Dipankar, AOR Mr. Binay Kumar Das, AOR Ms. Amita Singh Kalkal, AOR Mr. Mishra Saurabh, AOR Mr. Braj Kishore Mishra, AOR Mr. Sanjai Kumar Pathak, AOR Mr. Tahir Ashraf Siddiqui, AOR Mr. Praveen Jain, AOR Mr. Neeraj Shekhar, AOR Ms. Kamakshi S. Mehlwal, AOR M/S. Dharmaprabhas Law Associates, AOR Mr. Fuzail Ahmad Ayyubi, AOR Mr. Gaurav, AOR Mr. Smarhar Singh, AOR Ms. Hima Lawrence, AOR Mr. B. Krishna Prasad, AOR Mr. M. T. George, AOR Ms. Tatini Basu, AOR Mr. Pradeep Misra, AOR Ms. Rajkumari Banju, AOR Mr. Ranjan Kumar Pandey, AOR Mr. S. R. Setia, AOR Mrs. Kirti Renu Mishra, AOR Mr. Ashwani Bhardwaj, AOR Ms. Arti Singh, AOR Mr. Anil K. Chopra, AOR Mr. Gautam Das, AOR Mr. Harish Pandey, AOR Mr. Umesh Kumar Khaitan, AOR Mrs. Lalita Kaushik, AOR Mr. Sukant Vikram, AOR Ms. Sonam Gupta, AOR Mrs. Swarupama Chaturvedi, AOR Ms. T. Archana, AOR Mr. Karunakar Mahalik, AOR Mr. Naveen Kumar, AOR M/S. D.s.k. Legal, AOR Ms. Prerna Mehta, AOR Mrs. Gargi Khanna, AOR Mr. Christopher Dsouza, AOR Ms. Rashmi Singh, AOR Mr. Arun K. Sinha, AOR Mr. Abdul Azeem Kalebudde, AOR Mr. Roopansh Purohit, AOR Mr. B. K. Satija, AOR Ms. Anubha Agrawal, AOR Mr. Sunny Choudhary, AOR Mr. Chandan Kumar, AOR Mr. Abhijit Sengupta, AOR Mr. Sarvam Ritam Khare, AOR Mr. Dheeraj Nair, AOR Mr. Sudhansu Palo, AOR Ms. Dharitry Phookan, AOR Ms. Richa Kapoor, AOR Ms. Mridula Ray Bharadwaj, AOR Mr. S. K. Verma, AOR Mr. Kumar Dushyant Singh, AOR Mr. Shubham Bhalla, AOR Mr. Siddhartha Jha, AOR Mr. Himanshu Shekhar, AOR Mr. Sanjay Kumar Dubey, AOR Mr. Ritesh Agrawal, AOR Mr. Abhigya, AOR Mr. Arup Banerjee, AOR Mr. Pramod Dayal, AOR Mr. Vishnu Sharma, AOR Mr. Ram Lal Roy, AOR Mr. Talha Abdul Rahman, AOR Mr. Sanjay Kumar Visen, AOR Mr. Annam D. N. Rao, AOR Ms. Mayuri Raghuvanshi, AOR Mr. Nikilesh Ramachandran, AOR Ms. Bharti Tyagi, AOR Ms. Astha Sharma, AOR Mr. Niraj Gupta, AOR Mr. Jasmeet Singh, AOR Mr. Abhinav Ramkrishna, AOR Ms. Shobha Gupta, AOR Ms. Shalu Sharma, AOR Mr. Somesh Chandra Jha, AOR Ms. Suruchii Aggarwal, AOR Mr. Satyajeet Kumar, AOR Mr. Syed Mehdi Imam, AOR Mr. Rameshwar Prasad Goyal, AOR Mr. Aviral Kashyap, AOR Mr. Sibo Sankar Mishra, AOR Mr. Shakil Ahmed Syed, AOR Mr. Joby P. Varghese, AOR Ms. Sayaree Basu Mallik, AOR Ms. Anindita Pujari, AOR
For the parties Mr. R. Venkataramani, Senior Advocate (Court Receiver) Mr. Pavan Aggarwal, Forensic Auditor Mr. Ravinder Bhatia,Forensic Auditor Mr. Tushar Mehta, Solicitor General Mr. Raghvendra Pratap Singh, Adv. Mr. Ravindra Kumar, Adv. Mr. Vikramjit Banerjee, ASG Mr. Vibhu Shankar Mishra, Adv Mr. Mukul Singh, Adv. 19 Mr. B V Balaram Das, AOR Mr. Sanjay Jain,ASG Mr. Vikraramjit Banerjee,ASG Ms. V. Mohana,Sr.Adv. Ms. Anil Katiyar,Adv. Mr. Raj Bahadur,Adv. Mr. Prashant Singh,Adv. Mr. Vikramjit Banerjee, Ld ASG Ms. V Mohna, Sr. ,Adv Mr. Prashant Singh A,Adv Mr. Mukul Singh,Adv Mrs. Anil Katiyar, Adv. Mr. Harish Salve, Senior Advocate Mr. Pradhuman Gohil, Advocate Ms. Taruna Singh Gohil, AoR Ms. Pratibha Jain, Advocate Mr. Arjun Gupta, Advocate Ms. Ranu Purohit, Advocate Ms.Payal Chatterji, Advocate Ms. Riya Chopra, Advocate Mr Parag Tripathi, Sr Adv Mr Joy Basu, Sr Adv Mr Kanak Bose, Adv Mr Varun Sarin, Adv Mr Lalitaksh Joshi, Adv Mr. Ashok Mathur, Adv. Mr. Mukul Rohtagi, Sr. Adv. Mr. Ravindra Kumar, Adv. Mr. Dhruv Mehta, Sr. Advocate Mr. Jasmeet Singh, AOR Mr. Ketan Gaur, Advocate Mr. Ayush Mitruka, Advocate Mr. Ashish Bhan, Advocate Mr. Saif Ali, Advocate Mr. Pushpendra S. Bhadoriya, Advocate Ms. Rusheet Saluja, Advocate Mr. Mahesh Jethmalani,Sr.Adv Mr. Karan Kalia, Adv Ms. Anubha Agrawal, Adv Ms. Siya Chaudhay, Adv Mr. Gopal Shankarnarayanan, Sr. Adv. Mr. Raj Kamal, Aor Mr. Dk Sharma, Adv. Mr. Maheen Pradhan, Adv. Mr. Aseem Atwal, Adv. Mr. Kartavya Batra, Adv. Mr. Ramji Srinivasan Sr. Advocate Ms. Shweta Kapoor Advocate Ms. Anindita Roy Chowdhury Advocate Sayobani Basu, Advocate Ms. Urvashi Misra, Advocate Mr. Anis Ahmed Khan AOR Mr. Dhruv Mehta, Sr. Adv. Mr. Gaurav Goel, AOR Ms. Varsha Madhukar, Adv. Mr. Rajesh Kumar, Adv. Mr. Sanjay Hegde,Sr.Adv. (Appearance slip not given) Mr. V.K. Shukla,Sr.Adv. (Appearance slip not given) Mr. Siddhartha Dave, Sr. Advocate Mr. Gudipati G. Kashyap Ms. Apoorva Pandey Ms. T. Archana (A.O.R.) Mr. Raghvendra Singh, Sr. Adv. (Advocate General) Ms. Garima Prashad, AOR Ms. Deepali Dwivedi, Adv. Mr. Fuzail Ahmad Ayyubi, Adv. Mr. Gautam Das..AOR Mr. C.M. Gopal,Adv. Mr. Sunil ku. Sethi,Adv. Lalit Rana,Adv. Mr. Santosh Bebarta,Adv. Mr. Talha A Rahman, AOR Mr Pawan Bhushan, Adv. Mohz. Shah Khan, Adv. Ms. Shweta Kapoor Adv, Mr. Anis Ahmed Khan AOR Mr. P.B.A. Srinivasan, Advocate Mr. Aman Gupta A.O.R. Mr. Avinash Mohapatra, Advocate Mr. Parth D. Tandon, Advocate Mr. Neelam Phukan, Advocate Mr. Rahul Malhotra, Adv. Mr. Varun Garg, Adv. Ms. Himanshi Madan, Adv. Mr. Rajesh P., Adv. Mr. Shubham Bhalla, AOR Mr. Deepak Samota, Adv. Mr. Vijay Kumar Diwedi, Adv. Mr. Avneesh Arputham, Adv. Ms. Anuradha Arputham,Adv. Mr. Manish Kumar Saran,Adv. Mr. Pradeep Misra Adv. Mr. Daleep Dhyani Adv. Mr. Suraj Singh Adv. Ms. Kirti R. Mishra, AOR Ms. Apurva Upmanyu, Adv. Mr. Rajinder Wali, Adv. Mr. B.K. Satija, Adv. Mr. Vivek Narayan Sharma,Adv. Mr. Sanjoy Kumar Ghosh, Advocate Ms. Rupali Samanta Ghosh, AOR Mfr. Keshav Mohan, Adv Mr. R.K Awasthi, Adv Mr. Prashant Kumar, Advocate Mr. Santosh Kumar – I, Adv. Dr. Amardeep Gaur Advocate For M/s. V.Maheshwari & Co . Ms. Prerna Mehta, Adv. Mr. Rohit Singh, ADv. Mr. Tileshwar Prasad, Adv. Mr. Naresh Aditya Mahdav, Adv. Mr. Niraj Gupta, Advocate on Record Md. Fuzail Khan, Advocate Mr. Siddharth Krishna Dwivedi, Adv. Ms. Nidhi Singh, Adv. Ms. Taru Singh, Adv. Mr. Aakarshan Aditya, Adv. Mr. Janender Kumar Chumbak, Advocate Ms. Amita Singh Kalkal, AOR Mr. D. P. Singh, Adv. Mr. Anurag Gupta, Adv. Mr. Archit Singh, Adv. Ms. Sonam Gupta, Adv. Mr. Mohit Chaudhary, Adv. Ms. Puja Sharma, Adv. Mr. Kunal Sachdeva, Adv. Mr. Shyam Singh Yadav, Adv. Mr. Imran Ali, Adv. Mr. Balwinder Singh Suri , Adv. Mr. Parveen Kumar, Adv. Ms . Garima Sharma, Adv. Ms. Srishti Gupta, Adv. For Kings & Alliance, AOR Mr. Vikram Hegde, Advocate Ms. Anurag Rana, Advocate Ms. Hima Lawrence, AOR Mr. Ambhoj Kumar Sinha, Adv. Mr. Arpit Rai, Adv Mr. Aviral Kashyap, AOR Mr. Bishwajit Dubey, Adv Ms. Srideepa Bhattacharyya, Adv Mr. Sumit Attri AOR For Cyril Amarchand Mangaldas, AOR Mr. Sukant Vikram, AOR Mr.Kumar Shashwat, Adv. Shri Satish Pandey AOR Ms. Geeta Verma Adv Mrs. Mayuri Raghuvanshi, AOR Mr. Vyom Raghuvanshi, Advocate Ms. Sangya Negi, Advocate Mr O. P. GAGGAR, AOR Mr. Aditya Gaggar, Advocate Mr. Rohit Sharma, Adv. Mr. Rounak Nayak, Adv. Mr. Atul Agarwal, Adv. Mr. Kumar Dushyant Singh, Adv. Mr. Alok Kumar,Adv. Mr. Balaji Srinivasan,Adv. Ms. Garima Jain,Adv. Ms. Sowmya Yadava,Adv. Mr. Prakash Kumar Singh, AoR Dr Brij Bhushan K . Jauhari Ms. Purnima Jauhari, Adv, Mr. Harsh Mahan , Adv. Mr. O.P. Singh, Adv. Ms. Anisha Upadhyay(AOR) Mr. Nishant Kumar Mr. Abhinav Shrivastava, AOR Mr. Karan Chadha, Adv Mr. Divyakant Lahoti, AoR Mr. Parikshit Ahuja, Adv. Ms. Praveena Bisht, Adv. Ms. Vindhya Mehra, Adv. Ms. Madhur Jhavar, Adv. Mr. Kartik Lahoti, Adv. Mr. Rahul Maheshwari, Adv. Mr. Bhanu Pant, Adv. Ms. Sakshi Banga, Advocate Mr. Anas Tanwir, AoR Ms. Garima Prashad, Aor Mr. Abhitosh Pratap Singh, Adv. Mr. Rohit Kumar Singh, Adv. Mr. Shubham V. Gawande, Adv. Mr. Vikramjit Banarjee, ASG Mr. Mukul Singh Adv Mr. Vikrant Yadav Adv Mr. Vibhu Shanker Mishra Adv Mr. R.R. Rajesh Adv Mr. Raj Bahadur Yadav, Adv. Ms. Arti Singh, AOR Mr. Aakashdeep Singh Roda, Adv. Mr. Basant Pal Singh, Adv. Mr. Harish Salve, Senior Advocate Ms. Pallavi Shroff, Advocate Mr. Manu Nair, Advocate Mr. Neelabh Sheeresh, Advocate Mr Shardul Shroff, Advocate on Record Ms. Indra Sawhney, Adv. Mr. Ranjan Kumar Pandey, Advocate On Record Mr. Anuj Tiwari, Advocate Mr. Shikhar Shrivastava, Advocate Mr. Manoj Singh, Adv. Mr. Rajesh Kumar, Adv. Mr. Gaurav Goel, AOR Mr. Atul Sharma, Adv. Mr. Kamal Gupta, Adv. Mr.Abhishek Agarwal AOR Mr. Suman Tripathy, Adv. Mr. Rameshwar Prasad Goyal, Adv. Mr. Sahil Sethi, Adv. Mr. Shivam Sharma, Adv. Ms. Astha Sharma, AoR Mr. A.C.Mishra (Adv) Miss Nipun Sharma (Adv) for ACM Legal (AOR) Mr. Rajesh K. Gupta, Adv. Ms Jasmine Damkewala, AOR Mr. Shivam Sharma, Advocate Mr. Vinod Kumar, Advocate Mr. Braj Kishore Mishra, AOR Ms. Richa Kapoor, AOR Mr. Kunal Anand, Adv. Mr. Chandan Kumar, AOR Mr. Rituraj Choudhary, Adv. Mr. Abdul Azeem Kalebudde, AOR M/S. Dharmaprabhas Law Associates, AOR Mr. A. P. Mohanty, AOR Mr. Shadan Farasat, AOR Mr. G. Balaji, AOR Mr. Gopal Jha, AOR Ms. E. R. Sumathy, AOR Mr. Aniruddha P. Mayee, AOR Mr. Rameshwar Prasad Goyal, AOR Mr. Ashok Kumar Singh, AOR Mr. Binay Kumar Das, AOR Ms. Jasmine Damkewala, AOR Mr. Prithvi Pal, AOR By Courts Motion, AOR Mr. Prakash Ranjan Nayak, AOR Mr. Shovan Mishra, AOR Mr. Vivek Narayan Sharma, AOR Mr. Naresh Kumar, AOR Mr. Shishir Pinaki, AOR Ms. Sayaree Basu Mallik, AOR Ms. Pallavi Pratap, AOR Mr. Raj Kamal, AOR Mr. Kumar Mihir, AOR Mr. Sukant Vikram, AOR Mr. Amit Pawan, AOR Mr. Kailash Prashad Pandey, AOR Mr. Himanshu Shekhar, AOR Mr. Manish Kumar Saran, AOR Mr. Gaurav Goel, AOR Mr. Mohammed Sadique T.a., AOR For M/S. Cyril Amarchand Mangaldas Mr. Akhilesh Kumar Pandey, AOR Ms. Rakhi Ray, AOR Mr. Badri Prasad Singh, AOR Mr. Dharmendra Kumar Sinha, AOR Mr. Gaurav Goel, AOR Mr. Ramesh Babu M. R., AOR Mr. Ravindra Kumar, AOR Ms. Garima Prashad, AOR Mr. Balaji Srinivasan, AOR Mr. Rajesh Kumar Gupta, AOR Mr. Mukesh Kumar Maroria, AOR Mr. Shree Pal Singh, AOR Mr. G. N. Reddy, AOR Mr. Somiran Sharma, AOR Mr. Kaushik Choudhury, AOR Mr. Aakarshan Aditya, AOR Mr. Mushtaq Ahmad, AOR Mr. Rohit Kumar Singh, AOR Mr. Anis Ahmed Khan, AOR Mr. E. C. Vidya Sagar, AOR Mr. Malak Manish Bhatt, AOR Mr. Dhananjay Garg, AOR Mr. Brijesh Kumar Tamber, AOR Mr. Nitish Massey, AOR Mr. Rabin Majumder, AOR Ms. Chandan Ramamurthi, AOR Mr. Raj Kamal, AOR Mr. Pawanshree Agrawal, AOR Ms. Manju Jetley, AOR Mr. Rakesh Kumar-i, AOR Mr. Chandra Prakash, AOR Mr. Balraj Dewan, AOR Ms. Vandana Sehgal, AOR Mr. Sureshan P., AOR Ms. Misha Rohatgi, AOR Mr. Ashok Mathur, AOR Mr. Kedar Nath Tripathy, AOR Ms. Anisha Upadhyay, AOR Mr. Aman Gupta, AOR Ms. Anannya Ghosh, AOR M/S. V. Maheshwari & Co., AOR Mr. Prem Prakash, AOR Mr. Prakash Ranjan Nayak, AOR Mr. Raj Singh Rana, AOR Mr. Prakash Kumar Singh, AOR Mr. Mohit D. Ram, AOR Mr. T. Mahipal, AOR Mr. Anas Tanwir, AOR Mr. K. Paari Vendhan, AOR Mr. Avneesh Arputham, AOR Mr. Tejaswi Kumar Pradhan, AOR Ms. Jasmine Damkewala, AOR Mr. Vipin Kumar Jai, AOR Mr. Ejaz Maqbool, AOR Applicant-in-person Ms. Praveena Gautam, AOR Mr. Ashwarya Sinha, AOR Mr. Abhishek Agarwal, AOR Dr. Nafis A. Siddiqui, AOR Mr. Sanand Ramakrishnan, AOR Ms. Sujata Kurdukar, AOR Ms. Indra Sawhney, AOR Mr. Purvish Jitendra Malkan, AOR Mr. Raj Bahadur Yadav, AOR Mr. Sumit Sinha, AOR Mrs. Mona K. Rajvanshi, AOR Ms. Pallavi Pratap, AOR Mr. Sudhir Naagar, AOR Mr. Satish Pandey, AOR Mr. D. S. Chauhan, AOR Mrs. Rupali Samanta Ghosh, AOR Mr. Rohit Amit Sthalekar, AOR Mr. Anoop Prakash Awasthi, AOR Mr. Ambhoj Kumar Sinha, AOR Mr. Varinder Kumar Sharma, AOR Ms. Veera Kaul Singh, AOR Mr. Arvind Gupta, AOR Mr. Rajesh Mahale, AOR Mr. Anil Kumar Mishra-i, AOR Mr. M. M. Kashyap, AOR Mrs. Taruna Singh Gohil, AOR Mr. Kumar Mihir, AOR Mr. Somanatha Padhan, AOR Mr. S. S. Shroff, AOR Mr. Ravindra Sadanand Chingale, AOR Mr. Ashok Kumar Singh, AOR Mr. Sanjay Kapur, AOR Mr. Ajit Sharma, AOR Mr. Kabir Dixit, AOR Mr. Divyakant Lahoti, AOR Mr. Abhimanue Shrestha, AOR M/S. Kings And Alliance Llp , AOR Mr. Udita Singh, AOR Mr. Kaushal Yadav, AOR Shri. Gaichangpou Gangmei, AOR Ms. Charu Ambwani, AOR Ms. Charu Mathur, AOR Mr. Aneesh Mittal, AOR Mr. Santosh Kumar - I, AOR Mr. Abhinav Shrivastava, AOR Mrs. Anil Katiyar, AOR Mr. Rishi Matoliya, AOR Mr. Sanchit Garga, AOR Mr. O. P. Gaggar, AOR Mr. Atishi Dipankar, AOR Mr. Binay Kumar Das, AOR Ms. Amita Singh Kalkal, AOR Mr. Mishra Saurabh, AOR Mr. Braj Kishore Mishra, AOR Mr. Sanjai Kumar Pathak, AOR Mr. Tahir Ashraf Siddiqui, AOR Mr. Praveen Jain, AOR Mr. Neeraj Shekhar, AOR Ms. Kamakshi S. Mehlwal, AOR M/S. Dharmaprabhas Law Associates, AOR Mr. Fuzail Ahmad Ayyubi, AOR Mr. Gaurav, AOR Mr. Smarhar Singh, AOR Ms. Hima Lawrence, AOR Mr. B. Krishna Prasad, AOR Mr. M. T. 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Verma, AOR Mr. Kumar Dushyant Singh, AOR Mr. Shubham Bhalla, AOR Mr. Siddhartha Jha, AOR Mr. Himanshu Shekhar, AOR Mr. Sanjay Kumar Dubey, AOR Mr. Ritesh Agrawal, AOR Mr. Abhigya, AOR Mr. Arup Banerjee, AOR Mr. Pramod Dayal, AOR Mr. Vishnu Sharma, AOR Mr. Ram Lal Roy, AOR Mr. Talha Abdul Rahman, AOR Mr. Sanjay Kumar Visen, AOR Mr. Annam D. N. Rao, AOR Ms. Mayuri Raghuvanshi, AOR Mr. Nikilesh Ramachandran, AOR Ms. Bharti Tyagi, AOR Ms. Astha Sharma, AOR Mr. Niraj Gupta, AOR Mr. Jasmeet Singh, AOR Mr. Abhinav Ramkrishna, AOR Ms. Shobha Gupta, AOR Ms. Shalu Sharma, AOR Mr. Somesh Chandra Jha, AOR Ms. Suruchii Aggarwal, AOR Mr. Satyajeet Kumar, AOR Mr. Syed Mehdi Imam, AOR Mr. Rameshwar Prasad Goyal, AOR Mr. Aviral Kashyap, AOR Mr. Sibo Sankar Mishra, AOR Mr. Shakil Ahmed Syed, AOR Mr. Joby P. Varghese, AOR Ms. Sayaree Basu Mallik, AOR Ms. Anindita Pujari, AOR
Headnote:(A) Various legislative frameworks concerning financial transactions and obligations, specifically outlining bank interest rates and payment schedules.
(B) The court emphasized the uniform application of SBI MCLR Rates and clarified their enforcement retroactively from January 1, 2010.
(C) Home buyers must adhere to a payment schedule made by the project executing agency.
(D) The court addressed issues around bank financing and the proper mechanism of payment collection from home buyers. (E) The court determined the appropriate agency for investigating FIRs related to financial misconduct. (F) The court directed respective authorities to comply with the prescribed interest rates and payment schedules within specified timeframes. (G) It was decided that all home buyers should be informed of their payment obligations and that their interference in work completion would be restrained. (H) No dissenting opinions were noted. (Paras 6, 18, 19, 25, 30)
| Table of Content |
|---|
| 1. funding status and interest rates (Para 2 , 3) |
| 2. modification of interest rate application (Para 4 , 5 , 6 , 7 , 8) |
| 3. withdrawal of applications with liberty (Para 9 , 10) |
| 4. verification of security agency payments (Para 11 , 12) |
| 5. bank financing obligations (Para 13 , 14 , 15) |
| 6. home buyers' payment obligations (Para 16 , 17) |
| 7. possession handover procedures (Para 18) |
| 8. home buyers' interference in project completion (Para 19) |
| 9. swapping and refund data collection (Para 20) |
| 10. creation of reserve fund requests (Para 21) |
| 11. details of deposited funds (Para 22) |
| 12. investigations of firs by eow (Para 23 , 24 , 25) |
| 13. eow investigation reports (Para 26 , 27) |
| 14. issues with financing home buyers (Para 28 , 29 , 30) |
| 15. miscellaneous submissions and corrections (Para 31 , 32 , 33 , 34) |
ORDER
I.A. NO.49702/2020
Heard Mr. Harish Salve, learned senior counsel.
2. It is stated that most of the questions have been ironed out. The SBI CAP is working on the funding of the project. Mr. Salve, learned senior counsel appearing on behalf of SBI CAP has prayed for some time to finalise.
3. The matter be listed about funding of the project on 04.08.2020.
I.A. Nos. 59415 of 2020 and 59400 of 2020
4. Considered the prayer made by Mr. Tushar Mehta, learned Solicitor General of India, appearing for Greater Noida Authority and Mr. Mukul Rohtagi, learned senior counsel, appearing for the Noida Authority.
5. It was submitted that the order dated 09.06.2020 passed with respect to 8% interest be made prospective. It was also pointed out that the Government has specified the rate at the SBI Lending Rate, to be paid. As per that, the dues to be paid comes to 8.5%.
6. After hearing learned counsel for the parties, we are of the opinion that SBI MCLR Rates to be applied uniformly to all the lease holders. Their past dues as well as arrears to be worked out accordingly. In case any adjustment is to be made, let the adjustment be made accordingly and the current dues also to be worked out at the SBI MCLR Rates. Future dues be also worked out at the SBI MCLR Rates, which may be fixed. Remaining order is not modified. The only modification made is about the rate of interest.
7. It is clarified that SBI MCLR rate to be applied with effect from 1.1.2010 and previous dues to be paid as per the rate, as provided in the agreement.
8. The Noida and Greater Noida Authorities to work out the dues within one month. 25% of the amount of the dues shall be deposited within 3 months and the remaining amount within one year from today, failing which concessional rate shall stand withdrawn. The applications are accordingly disposed of.
I.A. No.60675/2020 & 60708/2020, 60759/2020 & 60750/2020
9. Learned counsel appearing for the applicant(s) seeks leave to withdraw these applications with liberty to approach the concerned authorities as well as to file appropriate proceedings before an appropriate forum.
10. These applications are dismissed as withdrawn with the liberty sought for.
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IN RE : PAYMENT OF DUES TO THE SECURITY AGENCY
11. Considered the prayer made by the learned Receiver.
12. At Pre-cast factory, DRT has engaged a security agency. The learned Receiver has sought the permission to ascertain the due payment for the work done by the security agency, after necessary verification. Let the learned Receiver verify the dues of the Security Agency and to make requisite payment.
IN RE: FINANCING BY THE BANK
13. With reference to the financing by the Banks, our attention has been drawn to the orders dated 10.06.2020 and 18/06/2020 regarding disbursal of loan by the learned Receiver. He has sent several mails to the concerned banks but they have not responded so far. The issue of disbursal of loans, restructuring of the loan, the EMI liability etc. has to be undertaken, pursuant to the orders passed by this Court. The matter concerning subvention loan agreement must also be addressed by the banks without further delay. A request has been made by the learned
