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2005 Supreme(Guj) 151

K.A.PUJ
INDIAN BANK – Appellant
Versus
O. L. OF SATNAM EXPORT (INDIA) LTD – Respondent


Advocates Appeared: DHARMESH V.SHAH, H.M.BHAGAT, PAVAN S.GODIAWALA

K. A. PUJ, J.

( 1 ) THE applicant, namely, Indian Bank has taken out this Judges Summons seeking direction to the O. L. to hand over the properties as mentioned in Schedule A as well as Schedule B to this application to the Recovery Officer, Debts Recovery Tribunal as appointed by the Debts Recovery Tribunal, Ahmedabad in Original Application No. 18 of 2000 and to co-operate the Recovery Officer for the sale of the said properties.

( 2 ) AN affidavit is filed by Shri Narayan, the Manager of the applicant Bank in support of the Judges Summons. Mr. Dharmesh V. Shah, learned advocate appearing for the applicant Bank has submitted that M/s. Gujarat State Financial Corporation has filed Company Petition No. 277 of 1997 for winding up of M/s. Satnam Export (India) Limited and the O. L. was appointed as the liquidator of the said Company. He has further submitted that the applicant has filed Original Application No. 18 of 2000 in the Debt Recovery Tribunal, Ahmedabad on 13. 01. 2000 to recover a sum of Rs. 4,77,30,936. 91 together with further interest @ 19. 89% with quarterly rests from the date of filing of the application till realisation. The Debts Recovery Tribunal, Ahmedabad has vide























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