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1995 Supreme(Del) 790

S.D.PANDIT
ANZ GRINDLAYS BANK – Appellant
Versus
NHPC LIMITED – Respondent


Advocates Appeared:
J.C.SETH, M.S.DUTTA, MAHENDRA RANA, V.N.KALRA

S. D. Pandit

( 1 ) THIS suit is filed by ANZ Grindlays Bank against three defendants. It is the case of the plaintiff that on or about 2nd of April, 1992 plaintiff purchased from defendants 2 and 3 9% NHPC 1987 (B-Series) Bonds worth Rs. 2,58,95,000. 00 for a consideration of Rs. 2,20,10,750. 00. The said bonds are issued by defendant No. 1.

( 2 ) IT is the claim of the plaintiff that when they had purchased the said bonds they had also purchased alongwith the said bonds the interest warrants to be issued by defendant No. I against the said bonds in favour of defendants 2 and 3. It is their claim that they were to get the interest warrants not only as on the date of transaction between the parties but also the interest warrants for the future. It is the further claim of the plaintiff that defendants 2 and 3 are not handing over the said interest warrants to them and they were not abiding by the terms of the contract between the parties. Therefore, plaintiff has filed the present suit to get a decree for recovery of interest warrants by way of issuing a mandatory injunction against defendants 2 and 3 to deliver them the interest warrants issued and issuable by defendant No. I. In the













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