Disposed

Atul Kumar Jain v. Idbi Bank Limited & Anr.

Delhi HC23 Jul 2024W.P.(C)/9724/2024

Case brief

AI extract

What is this about?

IDBI Bank sought an extension of time to comply with a prior judgment directing it to hear the petitioner and pass a reasoned order. The court granted four weeks and continued interim protection from the show cause notice and subsequent order.

What did the court decide?

Four weeks granted to IDBI Bank to decide; interim protection from SCN dated 07.02.2024 and order dated 05.07.2024 continued

Atul Kumar Jain Vs Idbi Bank Limited & Anr. — Banking and Recovery | Delhi HC (2024)

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$~103

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- W.P.(C) 9724/2024

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ATUL KUMAR JAIN .....Petitioner Through: None.

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versus

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IDBI BANK LIMITED & ANR. .....Respondents Through: Mr. Praful Jindal, Adv. for R- 1/IDBI Bank Ltd.

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Mr. Rajiv Kapur, Standing Counsel with Mr. Akshit Kapur and Ms. Riya Sood, Advs. for R-2/ SBI

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CORAM: HON'BLE MR. JUSTICE DHARMESH SHARMA O R D E R % 04.09.2024

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CM APPL. 51356/2024 (Seeking extension of time to take decision)

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This application has been moved on behalf of the applicant/respondent No.1 in a matter that was decided and disposed of by this Court vide judgment dated 23.07.2024, whereby the respondent No.1/IDBI Bank had been directed to afford an opportunity of hearing to the petitioner and take a decision thereupon by passing a reasoned order within 21 days thereof.

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By the present application, learned counsel for the State Bank of India /respondent No.2 is present on advance notice. However, the SBI has no role to play in the present matter.

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None appeared on behalf of the non-applicant/petitioner, despite sending advance notice.

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This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 06/09/2024 at 15:36:16

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In a nutshell, the applicant bank requests for four weeks‟ time to consider the representation and pass appropriate reasoned orders.

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Let the appropriate decision be made by the respondent No.1/IDBI Bank within four weeks from today.

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Till then, in terms of the previous judgment dated 23.07.2024, no adverse consequences shall follow from the impugned Show Cause Notice dated 07.02.2024 followed by the order dated 05.07.2024.

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The application stands disposed of.

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However, learned counsel for the respondent/IDBI Bank is directed to ensure that a copy of this Order is sent to the petitioner for information.

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DHARMESH SHARMA, J.

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SEPTEMBER 4, 2024 sp

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 06/09/2024 at 15:36:16

Atul Kumar Jain v. Idbi Bank Limited & Anr.

Case brief

What is this about?

What did the court decide?

Atul Kumar Jain v. Idbi Bank Limited & Anr.

Case brief

What is this about?

What did the court decide?

What the court decided

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