Idbi Trusteeship Services Ltd v. Indiabulls Housing Finance Ltd & ORS

IN THE HIGH COURT OF DELHI AT NEW DELHI

Judgment Delivered On: 04.05.2020 LPA 142/2020, CM APPL. No.10470/2020 (Stay) IDBI TRUSTEESHIP SERVICES LTD .....Appellant versus INDIABULLS HOUSING FINANCE LTD.

& ORS.

......Respondents Advocates who appeared in this case:

For the Appellant : Mr. Abhishek Baid, Advocate For the Respondents : Mr. Harish Salve, Senior Advocate with Mr.

Rajiv Nayar, Senior Advocate with Mr. Karan Luthra, Mr. Rishi Agrawala, Mr. Ankit Banati and Mr. Kartik Nayar Advocates for R-1.

Mr. Tushar Mehta, Solicitor General of India with Mr. Neeraj Malhotra, Senior Advocate, Mr. Ashish Aggarwal, Advocate, Mr. D.V. Sekhar, CGM SEBI for R-2.

CORAM:

HON'BLE MR. JUSTICE SIDDHARTH MRIDUL HON'BLE MR. JUSTICE TALWANT SINGH

JUDGMENT

SIDDHARTH MRIDUL, J.

(OPEN COURT - VIDEO CONFERENCING) 1.

The present matter has been taken up for hearing by way of Video Conferencing on account of lockdown due to COVID-19. 2.

The present appeal is disposed of, in terms of the judgment passed in LPA 146/2020 titled as "ICICI Lombard LPA 142/2020

General Insurance Company Ltd. vs. Indiabulls Housing Finance Ltd. & Ors." of the even date. Pending application also stands disposed of.

3.

For detailed Judgment, see LPA 146/2020, dated 04.05.2020.

4.

A copy of this order be provided to learned counsel appearing on behalf of the parties electronically. A copy of this order be uploaded on the website of this Court forthwith. SIDDHARTH MRIDUL (JUDGE) TALWANT SINGH (JUDGE) MAY 04, 2020 as LPA 142/2020