A writ petition challenging an order of the Debt Recovery Appellate Tribunal directing the deposit of Rs. 3 crores was dismissed by this Court, finding no error in the direction.
Petition dismissed; finding that the direction to deposit Rs. 3 crores was just and fair.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.316 OF 2010
M/s. Jay Laminart (P) Ltd.
..Petitioner
Vs.
Authorised Officer, Canara Bank & Anr.
..Respondents
None present for the parties
CORAM : J. N. PATEL & A.P. BHANGALE, JJ
DATE : 25th March, 2010.
P.C. :
order impugned in the Appeal preferred under Section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002.
deposit a sum of Rs. 3 crores is just and fair and we do not find any
error or illegality therein for interference by this Court in exercise of
its writ jurisdiction.
(J. N. PATEL, J.)
(A. P. BHANGALE, J.)
M/s. Jay Laminart (P) Ltd.
Authorised Officer, Canara Bank
J. N. Patel
A. P. Bhangale
As recorded by the court registry
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