SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

ASHOK KUMAR GAUR
Asahi Infrastructure and Projects Ltd. – Appellant
Versus
State Bank of India – Respondent


Counsel for the Parties:
For the Petitioners:Mr. Anurag Kalawatiya, Advocate
For the Respondents:Mr. Alok Garg and Mr. Vishal Soni, Advocates

ORDER

Ashok Kumar Gaur, J.—This petition has been filed against the notice dt.12.05.2018 published by the respondent-Bank exercising the power under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as “Act of 2002”).

2. This Court on 25.05.2018 passed a conditional interim order asking the petitioner to deposit Rs.50 lakhs within a period of one month i.e. by 30.06.2018 and the respondents have restrained from proceeding further with their notice issued under Section 13(2) of the SARFESI Act, 2002 published in the newspaper on 12.05.2018.

3. One Misc. Application No.92075/2018 has been filed by one applicant/guarantor for impleadment as party respondent in the instant petition.

4. Mr. Anurag Kalavatiya, has submitted that though the interim order was passed by this Court, however, he is not in a position to make a statement whether compliance of order dt.25.05.2018 was made by the petitioners or not.

5. Mr. Alok Garg, counsel for the Bank has submitted that the order passed by this Court on 25.05.2018 has not been complied with and no money was deposited by the petitioners with the res







Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top