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YASHWANT VARMA
Peter Beck Und Partner Vermogensverwaltung Gmbh – Appellant
Versus
Prakash Industries Limited – Respondent
| Table of Content |
|---|
| 1. execution petition filed based on foreign judgment. (Para 1 , 2) |
| 2. jurisdiction and maintainability objections raised. (Para 3 , 4 , 13 , 15 , 17) |
| 3. details of convertible bonds and execution process. (Para 5 , 8 , 10 , 14) |
| 4. court’s authority under section 44a discussed. (Para 6 , 20 , 21) |
| 5. legality of demerger and piercing corporate veil arguments. (Para 12 , 26 , 29 , 34) |
| 6. differentiation between execution of foreign vs domestic judgments. (Para 19 , 23 , 37 , 44) |
| 7. criteria for execution of foreign judgments settled. (Para 39 , 40 , 43 , 45) |
| 8. final order of execution petition scheduling. (Para 46 , 47) |
JUDGMENT :
Yashwant Varma, J.
EX. APPL. (OS) 3784/2022 & EX. APPL. (OS) 3785/2022
1. The instant petition has been preferred before the Court for executing the final judgment dated 01 April 2022 and ancillary order dated 20 May 2022 pronounced by the High Court of Justice, Business and Property Courts of England and Wales, Commercial Court (QBD)[Foreign Court] passed in CL-2019-000527. For reasons which follow, the Court proposes to notice Prakash Industries Limited, the first respondent, as the “judgment debtor”. The second respondent, Prakash Pipes Limited sha
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