VIPIN SANGHI, DEEPA SHARMA
Rajpur Hydro Power Pvt. Ltd. – Appellant
Versus
PTC India Financial Services Ltd. – Respondent
Vipin Sanghi, J.
Cav. 513/2017
1. Since the Caveator has put in appearance, the caveat stands discharged.
CM No. 19751/2017 (exemption)
2. Allowed, subject to just exceptions.
LPA 401/2017
3. Notice. Mr. Mayank Mishra, Advocate accepts notice on behalf of the respondent.
4. With consent of parties, arguments have been heard, and we proceed to dispose of this Letters patent appeal.
5. The appellant has preferred the present Letters Patent Appeal to assail the judgment dated 08.05.2017 passed by the learned Single Judge in W.P.(C) No. 8031/2016. Vide the impugned judgment, the learned Single Judge has dismissed the appellants said writ petition as being not maintainable against the respondent.
6. The case of the appellant/ petitioner in the writ petition was that the petitioner had started construction of the Rajpur Hydro Electrical Project in Rajpura Village, Tehsil Shimla, District Himachal Pradesh, and had entered into an agreement with the respondent, M/s PTC India Financial Services Ltd. to obtain a loan of Rs. 60 crores, out of the total project cost of Rs. 85.75 crores.
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