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2016 Supreme(Del) 2312

V.KAMESWAR RAO
CITICORP INTERNATIONAL LTD. – Appellant
Versus
SHIV-VANI OIL & GAS EXPLORATION – Respondent


Advocates Appeared:
For the Decree Holder :Mr. Rajeeve Mehra, Mr. Rajiv Nayar, Senior Advocates with Mr. Arun Kathpalia, Mr. Sandeep Mahapatra, Mr. Ashish Mukhi and Mr. Dhruv Malik, Advocates.
For the Judgment Debtor :Mr. P. Chidambaram, Mr. Sandeep Sethi, Senior Advocates with Mr. Pawan Sharma, Mr. Anuj Shah, Ms. Rukhmini Bobde and Ms. Aakansha Nehra, Advocates.

JUDGMENT :

V. KAMESWAR RAO, J.

1. By this order, I shall decide EA (OS) Nos. 700/2014, 526/2015, 864/2015, 195/2016, 142/2016 and 250/2016.

2. EA (OS) 700/2014 is filed by the judgment debtor namely Shiv-Vani Oil and Gas Exploration Services Ltd. EA (OS) 526/2015 is filed by the ICICI Bank U.K. PLC; EA (OS) 864/2015 is filed by the Standard Chartered Bank acting in its capacity as a security trustee for and on behalf of 8 banks/financial institutions and EA (OS) Nos. 195/2016, 142/2016 and 250/2016 are filed by IL&FS Trust Company Ltd. the receiver.

EA (OS) No. 700/2014

3. This is an application filed by the judgment debtor for modification of order dated 28th July, 2014 to the extent of excluding the rigs owned by subsidiaries. It is averred in the application and contended by Mr. Pawan Sharma, learned counsel appearing on behalf of the judgment debtor that the order dated 28th July, 2014 inter-alia restraining the judgment debtor from selling the rigs owned by the subsidiaries of the judgment debtor could not have been passed in these execution proceedings against the judgment debtor.

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