Single judge chamber summons allowing discharge of court receiver upon settlement and undertaking to pay charges and hand over assets within four weeks.
Court Receiver discharged; undertaking accepted to pay charges within 2 weeks and return assets within 4 weeks.
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.
CHS24.17-32
1/2
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
CHAMBER SUMMONS NO.24 OF 2017 IN ARBITRATION PETITION NO.1375 OF 2015
Tata Capital Financial Services Limited )….Applicants/Petitioner V/s.
Balu Parkhi & Anr. )....Respondents And The Court Receiver, High Court, Bombay )....Respondent no.3 ---Mr.Nikhil Mehta i/by KMC Legal Venture for the applicants/petitioners
Ms.Kavita Ambekar-1st Assistant to Court Receiver present.
---- CORAM : K.R.SHRIRAM,J DATE : 16.11.2017
P.C.:-
1 Mr.Mehta appearing for petitioner/applicant states that the matter has been settled and therefore, applicants be permitted to hand over the suit assets lying in their possession to respondent nos.1 & 2 and for that purpose, the court receiver be discharged. Court Receiver has no objection.
2 Court Receiver accordingly discharged without passing of account. Undertaking of counsel that applicants/petitioners will pay all charges of court receiver within 2 weeks of receiving communication, is accepted.
KJ
CHS24.17-32
2/2
3 The undertaking of petitioners/applicants through counsel
Mr.Mehta that the applicants will hand over possession of suit assets to respondent nos.1 & 2 within 4 weeks from today is accepted and so ordered.
4 Registry to forward a copy of this order to respondent
nos.1 & 2 at the address mentioned in the cause title.
Chamber summons accordingly disposed.
(K.R.SHRIRAM,J)
KJ
Tata Capital Financial Services Limited
Balu Parkhi
The Court Receiver, High Court, Bombay
K.R. Shirram
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
