W.P. (C) No.1588/2022 Page 1 of 8

IN THE HIGH COURT OF DELHI AT NEW DELHI

Judgment reserved on: March 20, 2023

Judgment delivered on: March 28, 2023

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W.P.(C) 1588/2022

JAIN CO-OPERATIVE BANK LTD.

.....Petitioner

Through:

Mr. Abhinav Sharma, Mr. Ravi Singh

Chhikara and Ms. Shreesh Pathak,

Advocates.

versus

PUNEET JAIN & OTHERS

…... Respondents

Through:

Ms. Hrishika Jain, Adv. for Mr.

Shadan Farasat, ASC for R2 & R3.

CORAM:

HON'BLE MR. JUSTICE V. KAMESWAR RAO

HON'BLE MR. JUSTICE ANOOP KUMAR MENDIRATTA

J U D G M E N T

ANOOP KUMAR MENDIRATTA, J.

1.

Writ petition has been preferred by the petitioner assailing the

impugned order dated October 01, 2021 passed by the Financial

Commissioner, Delhi whereby the Revision Petition filed on behalf of the

petitioner bank under Section 116 of the Delhi Cooperative Societies Act,

2003 (herein referred to as “the Act”) challenging an order dated July 02,

2021 passed under Section 105 of the Act in Execution Case No.158/2019-

20, was held to be non-maintainable on the ground that there is a provision

of appeal prov