The Bombay High Court allowed company application 58 of 2013. The applicant sought substitution as a creditor replacing another bank. The Official Liquidator had no objection to the prayer sought.
Application allowed in terms of prayer clause (a) to grant substitution as creditor.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
ca-58.13.doc
ppn 1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY APPLICATION NO.58 OF 2013 IN
COMPANY PETITION NO.416 OF 1997
JP Moragan Chase Bank, National Association .. Applicant In the matter between M/s. D.C. M. Daewoo Motors Pvt. Ltd. .. Petitioner Vs. The Official Liquidator of M/s. Atash Industries (I) Ltd. (in liqn.) .. Respondent
Ms. Suyoga Rajguru for the applicant. Ms. Rupa Sutar, Assistant Official Liquidator present.
CORAM : N.M. JAMDAR, J. DATE : 9 JULY 2013
P.C. :
. The applicant seeks substitution as creditor in place and instead of Hongkong & Shanghai Banking Corporation Limited. Perused the application. The Official Liquidator states that the Official Liquidator has no objection to grant of the prayer sought.
N.M. JAMDAR, J.
1 issue framed by the court
Whether the applicant JP Morgan Chase Bank should be substituted as a creditor in place of Hongkong & Shanghai Banking Corporation Limited.
JP Morgan Chase Bank, National Association
M/s. D.C. M. Daewoo Motors Pvt. Ltd.
The Official Liquidator of M/s. Atash Industries (I) Ltd.
N.M. Jamdar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
