THE HIGH COURT OF DELHI AT NEW DELHI

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Judgment delivered on: 22.08.2007

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WP(C) No.1508/2007

SHRI RAJAN GUPTA

...Petitioner

- versus -

BANK OF INDIA AND ANOTHER

...Respondents

With

WP(C) No.1592/2007

ASHA SINGLA

...Petitioner

- versus -

BANK OF INDIA AND ANOTHER

...Respondents

And

WP(C) No.23014/2005

KAMAL GUPTA

...Petitioner

- versus -

BANK OF INDIA

...Respondent

Advocates who appeared in this case:

For the Petitioners

: Mr A.K. Singla, Sr Advocate with Mr Pankaj

Gupta and Ms Promila Dhar

For the Respondents

: Ms Manjula Gandhi with Ms Neeru Sharma

CORAM:-

HON'BLE MR JUSTICE BADAR DURREZ AHMED

2007:DHC:974

1.

Whether Reporters of local papers may be allowed

to see the judgment ?

Yes

2.

To be referred to the Reporter or not ?

Yes

3.

Whether the judgment should be reported in Digest ?

Yes

BADAR DURREZ AHMED, J

1.

These three petitions raise common issues and were,

therefore, heard together and are being disposed of by this common

judgment. The issue is with regard to the meaning of the word

“borrower” as appearing in Section 13 (2) of the Securitisation and

Reconstruction of Financial Assets and Enforcement of Security Inter