Asset Care and Reconstruction Enterprises Ltd. (Acre) v. Standard Chartered Bank & Anr.
Case brief
What is this about?
Asset Care and Reconstruction Enterprises Ltd. (ACRE) vs Standard Chartered Bank & Anr.; W.P.(C) 6082/2024 & CM APPL. 25274/2024; High Court of Delhi; Chandra Dhari Singh, J. and Anoop Kumar Mendiratta, J.; decision dated 10.01.2025; Articles 226 and 227 Constitution of India; Recovery Officer-II DRT-III; TRC No. 4712022; JEG Hospitality Holdings Pvt Ltd.; Section 25(a) and (aa) RDB Act, 1993; Second Schedule Income Tax Act, 1961; RO order dated 14.09.2023; auction of A-39 Rosewood City, Sector-49, Gurugram; account settled; petition disposed as nothing survived for adjudication; pending applications disposed.
What did the court decide?
Taking into consideration the statements of the petitioner's learned counsel that the account has been settled and all grievances of the petitioner have already been decided by the respondents, the Court found there was nothing left for it to adjudicate upon in the instant petition.