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2023 Supreme(P&H) 3028

VINOD S. BHARDWAJ
Rana Gurjeet Singh – Appellant
Versus
Punjab Energy Development Agency – Respondent


Advocates Appeared:
Mr. Rajiv Partap Atma Ram, Sr. Advocate, with Mr. Rahul Sharma, Advocate; For the Petitioners
Mr. Aditya Grover, Advocate, for Respondent No.1.
Mr. Avinit Avasthi, AAG, Punjab.

Table of Content
1. recovery under the act of 1983 challenged. (Para 1 , 2)
2. respondents’ claim of recovery and context. (Para 3 , 4)
3. petitioners argue against the applicability of the act. (Para 6)
4. legal arguments concerning recovery and jurisdiction. (Para 11 , 12)
5. court’s considerations on the statute and its application. (Para 14 , 15)
6. dispute regarding the nature of the investment. (Para 19 , 20)
7. court analyzes roles of peda and contractual obligations. (Para 23 , 26 , 31)
8. issues of limitation and recovery process examined. (Para 40 , 44)
9. conclusion: petition dismissed. (Para 48 , 49)

JUDGMENT

Vinod S. Bhardwaj, J.

Challenge in the present writ petition is to the Recovery Certificate dated 19.11.2015 (Annexure P-6) and the Notification dated 21.09.2015 (Annexure P-3) whereby the respondents have initiated the process for recovery of outstanding dues under the Punjab Public Moneys (Recovery of Dues) Act, 1983 (hereinafter referred to as 'the Act of 1983') by appointing an Authorized Officer for recovery of dues.

Facts And Pleadings of Petitioner

2. The petitioners are the promoters of M/s Rana Sugars Limited and had entered into a Tripartite Financial Collaboration A

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