Technico Strips and Tubes Private Limited vs Deutsche Bank AG

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2023 Supreme(P&H) 3327

LISA GILL, RITU TAGORE
Technico Strips and Tubes Private Limited – Appellant
Versus
Deutsche Bank AG – Respondent

Advocates Appeared:
Mr. Rohit Suri, Advocate; For the Petitioners) in CWP Nos.21657, 21661,17076 of 2022 and CWP Nos. 8509 and 18306 of 2023.
Mr. Anand Chibbar, Sr. Advocate with Mr. Chandeep Singh, Advocate and with Ms. Ateevraj Sandhu, Advocate; For the Petitioner (in CWP no. 11814 of 2020).
Mr. V.K. Sachdeva, Advocate and Mr. Pulkit Sachdeva, Advocate; For the Petitioner(s) in CWP-3700, 3707,14638-2023,and 27731-2019 and for Respondent in CWP No. 2676 of 2019.
Mr. Akhilesh Vyas, Advocate; For the Petitioner (s) in CWP-6018-2023, 20061 of 2023 CWP-23554-2022, CWP-13692-2023. CWP-23673-2022, 24282-2022, 29512-2022, 28268-2022 and CWP-22132, 22177 of 2023.
Mr. Aditya Dassaur, Advocate and Mr. C.L.Verma, Advocate; For the Petitioner (s) in CWP-7570-2023.
Mr. Sandeep Kumar, Advocate; For the Petitioner in CWP-9879-2023
Mr. Ashok Malik, Advocate and Ms. Pridhi Singla, Advocate; For the Petitioner (s) in CWP Nos. 29642, 26450 and 10165 of 2022.
Mr. Vikram Singh, Advocate and Ms. Sumitra, Advocate; For the Petitioner (s) in CWP-8229-2023.
Mr. Vivek Goyal, Advocate and Mr. Shubham Pabbi, Advocate; For the Petitioner (s) in CWP-16152-2023 and CWP-26687-2022.
Ms. Ridhi Bansal, Advocate and Ms. Sidhi Bansal, Advocate; For the Petitioner (s) in CWP-17718-2023 and CWP-16156-2023.
Mr. Praveen Chander, Advocate; For the Petitioner (s) in CWP-33352-2019.
Er. Sandeep Suri, Advocate; For the Petitioners) in CWP-6685-2022.
Mr. Dheeraj Kumar, Advocate for Mr. H. P. S. Ishar, Advocate; For the Petitioner(s) in CWP-21044-2022.
Mr. Vikas Bali, Advocate; For the Petitioner (s) in CWP Nos. 15272, 21854, 21602, 22406, 26071, 21870 of 2022, CWP No. 10093, 6745 and 13492 of 2023.
Mr. Vishal Sharma Haritwal, Advocate; For the Petitioner in CWP-28992-2022.
Mr. Harsh Chopra, Advocate; For the Petitioner (s) in CWP-22114-2022 and CWP-28572-2022.
Mr. Ashok Kumar Khubbar, Advocate; For the Petitioners) in CWP-17184-2022. Mr. Aalok Jagga, Advocate; For the Petitioner(s) in CWP Nos. 13710, 8039,153, 27163, 27150,11941 of 2022 and CWP-30358-2018.
Mr. Anupam Bhanot, Advocate Mr. Brijesh Nandan, Advocate; For the Petitioner in CWP-10554-2023
Mr. Jyoti Sareen, Advocate; For the Petitioner in CWP No. 29461 of 2022.
Mr. Sahil Khunger, Advocate; For the Petitioner(s) in CWP-17717-2023 & CWP-11275-2023.
Mr. Ashish Sindher, Advocate; For the Petitioner in CWP-26312-2022.
Mr. Arav Gupta, Advocate; For the Petitioner in CWP Nos. 12358, 20970 of 2022.
Mr. Ankush Bharti, Advocate for Mr. K.K. Goel, Advocate; For the Petitioner in CWP-19238-2023 & CWP-18042-2023.
Mr.Ivan Singh Khosa, Advocate; For the Petitioner in CWP-26404-2022
Mr. Mukul Goyal, Advocate; For the Petitioner in CWP-7478-2028
Mr. A.S. Virk, Advocate; For the Petitioner in CWP-19865-2022.
Mr. Vivek Thakral, Advocate; For the Petitioner(s) in CWP-12447-2023.
Mr. Chetan Mittal, Senior Advocate with Mr. Gaurav Goel, Advocate for Respondents in CWP-27731-2019.
Mr. Gaurav Goel, Advocate with Mr. Mayank Aggarwal, Advocate for Respondent - Bank in CWP Nos.23676 of 2019,19165, 29461, 26404, 27093, 28349, 29749, 29345, 29890, 29922 of 2022 and 10554,10920,17717, 3707,15521, 3700,12447 of 2023.
Mr. C. S. Pasricha, Advocate; For the Petitioner in CWP-15521-2023 for the respondent(s)-Bank in CWP No. 6018 of 2023, CWP No. 23554, 22114, 21661, 20570, 28892 and 22447 of 2022, 6018,13692,16152,17718 of 2023.
Ms. Madhu Dayal, Advocate for Respondents no. 1 and 2 in CWP No. 21870 of 2022.
Mr. Manish Jain, Advocate and Mr. Mayur Kanwar, Advocate for Respondent no.2-Bank in 21870 of 2022.
Mr. Abhinav Sood, Advocate for Mr. Nitesh Jhajhria, Advocate for Respondent-HDFC Bank in CWP No. 26312 of 2022 and for Respondent No. 1 in CWP-21657-2022 & 26312-2022
Mr. Nitin Sachdeva, Advocate for Respondents no.5 and 6 in CWP No. 33352 of 2019.
Mr. Chandeep Singh, Advocate for Respondent-SBI in CWP No. 11814 of 2020
Mr. Dheeraj Siwach, Advocate For Mr. Mahesh Dheer, Advocate Respondent SBI in CWP No. 7570 of 2023
Mr. Anshul Rana, Advocate for Mr. J.S.Bagga, Advocate for Respondent-Bank in CWP Nos. 33352 of 2019 and 28268 of 2022.
Mr Atul Bhatia, Advocate for Respondents no. 1 and 2 in CWP No. 6685 of 2022.
Mr. S.K.Dhir, Advocate for the respondent-Bank in CWP No. 19268 of 2023, 23554 and 25595 of 2022.
Mr. Jatinder Sharma, Advocate for Respondent-Bank in CWP No. 17184 of 2022.
Mr. Rakesh Gupta, Advocate Mr. Rakshit Gupta, Advocate Mr. Amandeep Singh Punia, Advocate for Respondent-Bank in CWP No. 13710 of 2021, 8039, 21602, 26459, 11941, 27150, 27163 of 2022 and 10093, 22177 and 22132 of 2023.
Mr. Pankaj Nanda, Advocate for Respondent No. 1 in CWP-30358-2018
Mr. R.S. Bhatia, Advocate for PNB in CWP-153-2022.
Mr. Rakesh Gupta, Advocate for PNB in CWP No. 17853 of 2022.
Mr. Bhushan Bhatia, Advocate for PNB in CWP- 29642-2022.
Mr. D. K. Gupta, Advocate and Mr. Naresh Bagri, Advocate for Respondent No. 1 in CWP-21044-2022 for Respondents No. 1 to 3 in CWP-19865-2022 for Respondents No. 1 and 2 in CWP-21854-2022 and CWP- 22406-2022.
Mr. Arvind Rajotia, Advocate for Respondent - Bank in CWP-23159-2022.
Ms. Puneeta Sethi, Sr. Panel Counsel for Respondent no. 1-UOI in CWP No.23159 of 2022.
Mr. Vivek Sethi, Advocate and Mr. Mohit Sareen, Advocate for Respondents No.2 and 3 in CWP-23673-2022.
Mr. K. P. S. Dhillon, Advocate for Respondents) in CWP-23959-2022.
Mr. I.P.Singh, Advocate for Respondent no.2-Central Bank of India In CWP No. 394 of 2020.
Mr. Ankit Kaushal, Advocate for Respondent-Bank in CWP No. 15272 and 20407 of 2022.
Ms. Manjari Joshi, Advocate for Respondent-Bank in CWP No. 1997, 21128, 26687 of 2022, 652 and 2329 of 2023.
Mr. Himanshu Sharma, Advocate for Respondent - Bank in CWP Nos. 8509 and 18042 of 2023.
Mr. Sartaj Singh Gill, Advocate for Respondents No.2 to 4 in CWP-28992-2022.
Mr. Sumit Batra, Advocate for Respondents) in CWP No. 209674 and 22778 of 2022.
Mr. Rahul Tyagi, Advocate and Ms. Nikita Capoor, Advocate for Respondent no. 1 in CWP-21657-2022 (through video conferencing).
Mr. Ashok Kumar, Advocate for Respondent No.3 in CWP-28572-2022.
Mr. Rajan Chawla, Advocate and Mr. Arpit Chawla, Advocate; For the Petitioner in CWP-19463-2022 for Respondent (s) in CWP-14638-2023.
Mr. Amit Bansal, Advocate for Akshay Jain, Advocate for Respondent No.2 in CWP-23941-2022.
Mr. Mangesh Goel, Advocate and Mr. Neeraj Goel, Advocate; For the Petitioner in CWP No. 23941 and 7740 of 2023.
Mr. Brij Mohan Vinayak, Advocate for Respondent no. 1 in CWP No. 17076 of 2022.
Mr. Shekhar Verma, Advocate and Ms. Maninee, Advocate for HDFC in CWP No. 20970 of 2022.
Mr. Atul Sharma, Advocate And Mr. Tegjeet Singh, Advocate for petitioner in CWP No. 29345 of 2022.
Ms. Anamika Sheoran, Advocate for Mr. Vikas Singh, Advocate for Respondent no.4 in CWP No., 16707 of 2022.
Mr. Deepak Malhotra, Advocate for Respondent No. 2 in CWP-7538-2021.
Mr. Umang Goyal, Advocate; For the Petitioner in CWP No. 21597 of 2023.
Mr. P.S.Sobti, Advocate for Respondent no.2 in CWP No. 24282 of 2022.
Mr. Aditya Grover, Advocate for Respondent-IDFC Bank in CWP No. 29765 of 2022
Mr. Ajay Singla, Advocate for Respondent in CWP No. 26071 of 2022.
Mr. Jitender Dhanda, Advocate for Respondent in CWP No. 28892 of 2022.
Mr. G.S.Anand, Advocate for Respondent in CWP No. 12358 of 2022.
Mr. Nikita Garg, Advocate for Respondent no.2-Axis Bank in CWP No. 29512 of 2022.
Mr. Sandeep Jain, Addl.AG, Punjab.
Mr. Sukh

JUDGMENT

Mrs. Lisa Gill, J.

All the abovesaid writ petitions, details of which are tabulated in the schedule attached at the foot of the order, are taken up for hearing together at request and with consent of learned counsel for the parties as it is agreed that a common preliminary question arises for consideration in all these petitions i.e. "Whether jurisdiction should be exercised under Article 226 of the Constitution of India by the High Court for setting aside Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest proceedings ('for short SARFAESI Proceedings') on the ground of violation of Reserve Bank of India Circular (RBI) dated 17.03.2016 and whether the matter is within the realm of consideration by learned Debt Recovery Tribunal?"

2. Petitioners, in all the abovesaid writ petitions, claiming to be MSME's have challenged proceedings under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest, Act 2002 (for short 'SARFAESI Act') initiated against them. Learned counsel for the parties are ad idem that in majority of these writ petitions, notice(s) under Section 13(2) and 13(4) of SARFAESI Act stand issue

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2023 Supreme(P&H) 3327

LISA GILL, RITU TAGORETechnico Strips and Tubes Private Limited – AppellantVersusDeutsche Bank AG – Respondent

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LISA GILL, RITU TAGORE
Technico Strips and Tubes Private Limited – Appellant
Versus
Deutsche Bank AG – Respondent