Dismissed

Sanjay Bindal v. Ajay Bindal and Anr.

Delhi HC9 Feb 2024FAO(OS) (COMM)/21/2024

Case brief

AI extract

What is this about?

Appellant sought interim relief permitting use of title deeds to secure loans from Axis Bank; after arguments counsel sought withdrawal with liberty to move the learned Single Judge. Appeal dismissed as withdrawn; respondent no.1 conceded no FDR-related prayer was made and agreed not to contest variation on that point.

What did the court decide?

Liberty granted to move the learned Single Judge with an application regarding use of title deeds for Axis Bank loans; pending application closed.

Sanjay Bindal Vs Ajay Bindal and Anr. — Delhi HC (2024) — LawSathi Research

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$~23

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- FAO(OS) (COMM) 21/2024, CAV 62/2024 & CM Nos.813637/2024

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SANJAY BINDAL ..... Appellant

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Through: Mr Parag Tripathi, Sr Adv. with Mr P.K. Bansal, Ms Arusha Mishra, Ms Vashundra Bakhru, Mr Akarsh Pandey and Mr Aman Gupta, Advs.

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versus AJAY BINDAL AND ANR ..... Respondents Through: Mr Rajshekhar Rao, Sr Adv. with Mr Dhruva Gandhi, Ms Khushbu Chhajed and Mr Aayush Agarwala, Advs. for R-1.

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CORAM:

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HON'BLE MR. JUSTICE RAJIV SHAKDHER HON'BLE MR. JUSTICE AMIT BANSAL

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O R D E R

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% 09.02.2024

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[Physical Hearing/Hybrid Hearing (as per request)]

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CAV 62/2024

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Since learned counsel for respondent no.1 has entered appearance, the caveat is discharged.

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CM No.8137/2024

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2. Allowed, subject to just exceptions. FAO(OS) (COMM) 21/2024 & CM No.8136/2024 [Application filed on behalf of the appellant seeking interim relief]

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After some arguments, Mr Parag Tripathi, learned senior counsel, who appears on behalf of the appellant, on instructions, seeks to withdraw the appeal, with liberty to move the learned Single Judge with an appropriate application, with regard to the appellant’s contention that he wishes to use the tile deeds for securing loan facilities from Axis Bank.

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FAO(OS) (COMM) 21/2024 page 1 of 2

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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 16/12/2024 at 16:40:47

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The appeal is dismissed as withdrawn.

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Liberty, as prayed, is granted, albeit , as per law.

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Needless to add, if an application is moved by the appellant, both sides will have leave to put forth their respective stands before the learned Single Judge.

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We may also note that the impugned order also requires respondent no. 2, i.e., State Bank of India (SBI) to deposit Fixed Deposit Receipts (FDRs) with the Registrar General of this Court.

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7.1 Mr Tripathi says that there was no prayer made in the interlocutory application by the respondent no.1 concerning FDRs.

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Mr Rajshekhar Rao, learned senior counsel, who appears on behalf of respondent no.1, concedes as much, that is, no such prayer was made. Therefore, if an application is moved by the appellant, respondent no.1 will not contest variation of the interim order insofar as FDRs is concerned.

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Consequently, the pending application shall stand closed.

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Parties will act based on the digitally signed copy of the order.

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RAJIV SHAKDHER, J

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AMIT BANSAL, J

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FEBRUARY 9, 2024 aj

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Click here to check corrigendum, if any

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FAO(OS) (COMM) 21/2024

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page 2 of 2

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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 16/12/2024 at 16:40:47

Sanjay Bindal v. Ajay Bindal and Anr.

Case brief

What is this about?

What did the court decide?

Sanjay Bindal v. Ajay Bindal and Anr.

Case brief

What is this about?

What did the court decide?

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