Petitioner directed to deposit 75% of Rs.28.78 lacs before DRAT within two weeks. Upon deposit, DRAT appeal to be disposed expeditiously. Writ petition disposed with no opinion on merits.
Direction to petitioner to deposit 75% of Rs.28.78 lacs before DRAT within two weeks.
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MEGA LUXURIES & HOTELS LLP
..... Petitioner
Through Mr. Vaibhav Gaggar and Ms. Sumedha Dang, Advocates. versus ICICI BANK LTD. & ORS ..... Respondents Through Mr. Punit Bhalla, Advocate.
CORAM: HON'BLE MR. JUSTICE SIDDHARTH MRIDUL HON'BLE MS. JUSTICE DEEPA SHARMA O R D E R % 07.11.2017
The present petition is disposed off with a direction to the petitioner to deposit 75% of Rs.28.78 lacs i.e. Rs.21,58,500/-, before the Registrar of Debts Recovery Appellate Tribunal (hereinafter referred to as ‘DRAT’), within a period of two weeks from today.
Subject to the deposit, as directed above, the DRAT shall dispose off the appeal being Miscellaneous Appeal No. 353/2017, arising out of OA No. 319/2012, titled as “ Mega Luxuries & Hotels LLP vs. ICICI Bank Ltd. & Ors.” , (DRT-II, Delhi), expeditiously, in accordance with law, preferably within a period of one month thereafter.
Needless to state that we have not expressed any opinion on the merits of the case.
With the above directions, the writ petition is disposed off. Pending applications also stand disposed off.
W.P.(C) 9847/2017
page 1 of 2
Copy of this order be given dasti to learned counsel for the parties under signature of the Court Master.
SIDDHARTH MRIDUL, J
DEEPA SHARMA, J
NOVEMBER 07, 2017
rs
page 2 of 2
W.P.(C) 9847/2017
1 issue framed by the court
Whether the petitioner must deposit 75% of the amount before the DRAT for the pending appeal to proceed expeditiously.
1 provisions across 1 enactments
MEGA LUXURIES & HOTELS LLP
ICICI BANK LTD.
SIDDHARTH MRIDUL
DEEPA SHARMA
As recorded by the court registry
A petition under Article 226 of the Constitution asking a High Court to issue a writ against the State or a public authority in a civil matter.
Judgements on the same questions, provisions and authorities, from every court
