Disposed

Ashita N.Patel and Anr. v. National Spot Exchange Limited and 49 Ors.

Bombay HC8 Mar 2016APP/287/2016

Case brief

AI extract

What is this about?

In multiple appeals against an ad-interim notice of motion order, the High Court granted liberty to approach the Single Judge for vacation of the interim directions. The court accepted the undertakings that no action would be initiated against the appellants for eight weeks.

What did the court decide?

Liberty granted to move the Single Judge for vacation of the ad-interim order; no action to be initiated against appellants for eight weeks.

Ashita N.Patel and Anr. Vs National Spot Exchange… — Writ and Judicial Review | Bombay HC (2016)

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ash

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app-254,256,257n258.15

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION

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APPEAL (L) NO.254 OF 2015 ALONG WITH APPEAL (L) NO. 256 OF 2015 ALONG WITH APPEAL (L) NO.257 OF 2015 ALONG WITH APPEAL (L) NO.258 OF 2015 IN NOTICE OF MOTION (L) NO.460 OF 2016 IN SUIT (L) NO.160 OF 2015

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APPEAL (L) NO.254 OF 2015

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Ashita N. Patel and Another .. Appellants Vs National Spot Exchange Limited and Others. .. Respondents

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Shri Naushad Engineer i/b Shri Ravindra Mungekar for the Appellants. Dr.Birendra Saraf, Shri Chirag Kamdar, Ms. Anuja Jhunjhunwala and Shri A. Sudulla Thanyal i/b Naik Naik & Co for the Respondent No.1. –

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APPEAL (L) NO.256 OF 2015

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Zircon Finance and Leasing Pvt. Ltd. & Ors. .. Appellants Vs National Spot Exchange Limited and Others. .. Respondents

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Shri Dinyar Madon for the Appellants. Dr.Birendra Saraf, Shri Chirag Kamdar, Ms. Anuja Jhunjhunwala and Shri A. Sudulla Thanyal i/b Naik Naik & Co for the Respondent No.1.

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APPEAL (L) NO.257 OF 2015

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Kamlesh Lalbhai Patel & Others. .. Appellants Vs National Spot Exchange Limited and Others. .. Respondents –

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ash

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app-254,256,257n258.15

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APPEAL (L) NO.258 OF 2015

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Jayesh Pannalal Choksi. .. Appellant Vs National Spot Exchange Limited and Others. .. Respondents

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Shri Dinyar Madon for the Appellants. Dr.Birendra Saraf, Shri Chirag Kamdar, Ms. Anuja Jhunjhunwala and Shri A. Sudulla Thanyal i/b Naik Naik & Co for the Respondent No.1.

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CORAM : A.S. OKA & G.S.KULKARNI, JJ DATED : 8TH MARCH 2016

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P.C.

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Heard the learned senior counsel appearing for the Appellants. While passing the impugned order dated 2^nd March 2015 which is the ad-interim order, the Appellants were not present before the learned Single Judge. Considering the contentions raised in the Appeals, remedy of the Appellants is to move the learned Single Judge for modification/vacation of the ad-interim order. Learned counsel appearing for the original Plaintiff states that for a period of eight weeks from today, no action will be initiated against the Appellants on the basis of the ad-interim directions issued in terms of the prayer clause (d) of the Notice of Motion (L) No.460 of 2015. We accept the said statement.

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ash

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app-254,256,257n258.15

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By granting liberty to the Appellants to move the leaned Single Judge as aforesaid, we dispose of the Appeals. All contentions on merits are kept open. Notice of Motion is disposed of accordingly.

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(G.S. KULKARNI, J) ( A.S. OKA, J )

Ashita N.Patel and Anr. v. National Spot Exchange Limited and 49 Ors.

Case brief

What is this about?

What did the court decide?

Ashita N.Patel and Anr. v. National Spot Exchange Limited and 49 Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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Coram

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