Disposed
Kotak Mahindra Bank Limited v. Magma Fincorp Limited
Bombay HCIA/1869/2024
Case brief
AI extract
What is this about?
Interim application in an execution proceeding seeking substitution of Kotak Mahindra Bank as decree holder on the strength of an assignment of loan dues and underlying security by the original decree holder. The court allowed the application in terms of prayer clause (a), directing amendments and service on respondents.
What did the court decide?
Applicant substituted for original decree holder; amendment per schedule within three weeks; amended application to be served on respondents within two weeks thereafter.