Allowed
Magma Fincorp Limited v. v v Roadlines and 3 Ors.and Tatak Mahindra Bank Ltd.(Applicant)
Bombay HCCHS/594/2018
Case brief
AI extract
What is this about?
The High Court of Bombay allowed execution applications where the applicant-bank sought substitution for the original decree-holder. Ruling that the bank was entitled to execute awards upon taking over receivables via assignment deed, the order made the chamber summonses absolute and disposed of the matter.
What did the court decide?
Chamber summonses made absolute; applicant-bank substituted; amendments to be carried out within six weeks.