Disposed
L and T Finance Ltd. v. Purvang S. Modi and Sureshkumar a. Modi
Bombay HCCHS/212/2013
Case brief
AI extract
What is this about?
The Court discharged the Court Receiver after respondents surrendered the vehicle. The petitioner was permitted to sell the vehicle by private treaty, allowing respondent participation, with sale proceeds adjusted against alleged dues pending the arbitration outcome.
What did the court decide?
Court Receiver discharged; petitioner permitted to sell vehicle by private treaty; sale proceeds to be adjusted against alleged dues subject to arbitration outcome.