UNION BANK OF INDIA ON BEHALF OF THE COMMITTEE OF CREDITORS OF DEWAN HOUSING FINANCE CORPORATION LIMITED vs NATIONAL HOUSING BANK - 2024-07-23

O R D E R

During the course of hearing, it is pointed out that ₹811.4 0 crores are presently available in the cash escrow account (as o n

16th July 2024) .

The dues payable to the respondent, National Housing Bank, i n terms of the impugned judgment are about ₹151 crores. This paymen t of ₹151 crores will be made to the National Housing Bank .

This leaves us with the balance amount of ₹660.40 crores i n the cash escrow account. ₹655/- crores will be released to th e Committee of Creditors .

We clarify that this is only an interim arrangement. Payment s have been made in terms of the impugned judgment. The payment s will abide by and be subject to the final outcome of the presen t appeal .

Recording the aforesaid, I.A. No. 18566/2023 stands dispose d of .

(DEEPAK GUGLANI) (R.S. NARAYANAN )

AR-cum-PS ASSISTANT REGISTRA R ** Revised for the purpose of Appearance only, on the directions of Hon’ble Cour t on mention being made .

ITEM NO.51 COURT NO.2 SECTION XVI I S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDING S Civil Appeal No. 2558/202 2 UNION BANK OF INDIA ON BEHALF OF TH E COMMITTEE OF CREDITORS OF DEWAN HOUSIN G FINANCE CORPORATION LIMITED Appellant(s )

VERSU S NATIONAL HOUSING BANK & ANR. Respondent(s )

(IA No. 18566/2023 - APPROPRIATE ORDERS/DIRECTIONS )

Date : 23-07-2024 These matters were called on for hearing today .

CORAM :

HON'BLE MR. JUSTICE SANJIV KHANN A HON'BLE MR. JUSTICE SANJAY KUMA R For Appellant(s )

Mr. Mukul Rohtagi, Sr. Adv .

Mr. Raunak Dhillon, Adv . Ms. Madhavi Khanna, Adv .

Ms. Niharika Shukla, Adv .

M/s. Cyril Amarchand Mangaldas, AO R For Respondent(s )

Mr. Tushar Mehta, S.G. (N/P )

Mr. Mohammed Himayatullah, Adv .

Mr. Abhinav Agrawal, AO R Mr. Kartik Sharma, Adv .

UPON hearing the counsel, the Court made the followin g

O R D E R

During the course of hearing, it is pointed out that ₹811.4 0 crores are presently available in the cash escrow account (as o n

16th July 2024) .

The dues payable to the respondent, National Housing Bank, i n terms of the impugned judgment are about ₹151 crores. This paymen t of ₹151 crores will be made to the National Housing Bank .

This leaves us with the balance amount of ₹660.40 crores i n the cash escrow account. ₹655/- crores will be released to th e Committee of Creditors .

We clarify that this is only an interim arrangement. Payment s have been made in terms of the impugned judgment. The payment s will abide by and be subject to the final outcome of the presen t appeal .

Recording the aforesaid, I.A. No. 18566/2023 stands dispose d of .

(DEEPAK GUGLANI) (R.S. NARAYANAN )

AR-cum-PS ASSISTANT REGISTRA R