Advocates:
['UDWADIA', 'UDESHI', 'WADIA GHANDY', 'CO']

AJN

00-OS-1642.03

1

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION

WRIT PETITION NO.1642 OF 2003

ISIBARS LIMITED, a Company,

incorporated

under

the

Companies Act, 1056, having its

Registered Office at C-63, MIDC

Estate, T.T.C. Area, Turbhe, Navi

Mumbai – 400 705.

)

)

)

)

)

) ... Petitioners

Versus

1.

COMMERZBANK AG, a body

corporate constituted and

existing in accordance with

the Laws of Federal Republic

of Germany and carrying on

business as Bankers, having

their Registered Office at

Frankfurt/Main (HRB32000)

and their erstwhile Mumbai

Branch Office at 12-B, Free

Press House, 215, Free Press

Journal Road, Nariman Point,

Mumbai – 400 021.

)

)

)

)

)

)

)

)

)

)

)

)

)

2.

The Hon'ble Chairperson,

Debt Recovery Appellate

Tribunal, Mumbai.

)

)

) ... Respondents

Mr. Suneep Sen with Mr. Kunal Damle i/b Udwadia Udeshi

for the petitioners.

Mr. Aspi Chinoi, senior counsel with Mr. Bhavik Manek i/b

Wadia Gandhy & Co. for the respondents.

AJN

00-OS-1642.03

2

CORAM: MRS. RANJANA DESAI &

R.G. KETKAR, JJ.

DATE ON WHICH THE JUDGMENT IS

RESERVED : 9TH MARCH, 2011.

DATE ON WHICH THE