The Tribunal received an interim application challenging the lack of a charge on an immovable property and adjourned the matter for a final hearing on 13/07/2026.
The interim application IA/2031/2026 was disposed of by adjournment.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
DEBTS RECOVERY TRIBUNAL 1, KOLKATA
Order Sheet (continuation)
| Case No.OA/ |
835/2025 INDUSIND BANK LIMITED Vs MS MCLEOD RUSSEL INDIA LIMITED |
|
|---|---|---|
| Date of the Order |
Order with Signature | Office action with date and dated Signature of Parties when necessary |
| 08/07/202 | Ld. Sr. Counsel Mr. Mainak Bose and Ld. Advocates Mr. | |
| 6 | Ritoban Sarkar, Mr. Barnik Guha Ghosh and Ms. Sanskriti Agarwal appear for Applicant Bank. |
|
| Ld. Counsel Mr. Souritra Ganguly and Ms. Shreya Bhatia appear for Defendant No. 1. Ld. Counsel Mr. Vikram Wadhera (virtually) appears for JC Flowers ARC Ltd. Ld. Counsel Ms. Aditi Sinha (virtually) appears for NARCIL. |
||
| Ld. Counsel for Defendant No. 1 with furtherance to their put up petition IA/2031/2026 moves IA/1777/2026 and submits that Bank has not charged on the immovable tea estate against which this Tribunal has passed injunction vide order dated 19/03/2026. He has led the Tribunal to the various pages regarding financial statement of Mcloed Russel India Ltd. who is one of the assignee of loan by consortium creditor and there is no mention of any charge in view of the Bank in resepct of tea estate. Ld. Counsel for Bank was given time to file any objection to |
||
| this application and further seeks time to file objection. |
(Sne)
DEBTS RECOVERY TRIBUNAL 1, KOLKATA
| Date of the Order |
Order with Signature | Office action with date and dated Signature of Parties when necessary |
|---|---|---|
| His prayer to file any objection is restricted to 13/07/2026. | ||
| Ld. Counsels for JC Flowers ARC Ltd. and NARCIL may appear virtually or physically with any affidavit to be filed prior to 13/07/2026. This matter is fixed on 13/07/2026 at 2:30 PM for holistic hearing. No further adjournment will be given on 13/07/2026. |
||
| Put up petition IA/2031/2026 is disposed of. | ||
| (Ambuja Mohan Das) Presiding Officer |
(Sne)
IndusInd Bank Limited
MS McLeod Russel India Limited
JC Flowers ARC Ltd.
NARCIL
Ambuja Mohan Das
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
