DELHI HIGH COURT
SANJEEV NARULA
Vistra ITCL (India) Limited – Appellant
Versus
Lalit Kumar Jain – Respondent
JUDGMENT
Sanjeev Narula, J. This order, decides a limited issue as to whether the order dated 28th May 2019, as modified on 9th July 2019, should be further varied pending the final adjudication of the application under Order 39 Rule 1 and 2, CPC.
Proceedings in the Suit
2. This Court while issuing summons in the Suit vide order dated 28th May 2019, granted ad interim injunction, thereby restraining Defendant Nos. 1 to 3 from selling/alienating/transferring/disposing of their movable or immovable assets or diluting the security of the Plaintiff. The relevant portion of the said order reads as under:
"24. In view of the aforesaid facts, the Court is satisfied that Plaintiffs have made a prima facie case and the balance of convenience also lies in favour of the Plaintiffs and irreparable loss would be caused to them in case injunction is not granted. Huge amount have been expended by the Plaintiffs. Defendants prima facie appear to have defaulted in complying with the terms of agreement. The prayers sought in the plaint are for protection of the securities given under the transaction documents. Defendant Nos. 1 to 3 are signatories to the loan credit documents and are jointly and s
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