L And T Finance Ltd. v. Mr. Nagendra Singh Patel (Borrower) And ANR.

8-CRR20-17.DOC SHEPHALI

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER'S REPORT NO. 20 OF 2017 IN ARBITRATION PETITION NO. 717 OF 2015 L&T Finance Ltd

...Petitioner

Versus

Nagendra Singh Patel (Borrower) & Anr

...Respondents

Ms Sharayu Pednekar, i/b Vivek Patil & Associates, for the Petitioner.

Mrs Kavita Ambekar, IInd Assistant to the Court Receiver, is present.

CORAM: G.S. PATEL, J DATED:

22nd February 2017 PC:- 1.

RD Dhanuka J appointed a Court Receiver by order dated 5th August 2015. An authenticated copy of the order was served on 20th August 2015. The complaint now is that a Certified Copy was not lodged in time.

2.

The Petitioner seeks a discharge of the Court Receiver in any case saying that the matter has been compromised and the account has been foreclosed. The Court Receiver to stand discharged without passing accounts but on payment of costs charges and expenses plus Rs 3,000/- of the Court Receiver Report. 22nd February 2017

8-CRR20-17.DOC 3.

The Arbitration Petition is infructuous and disposed of accordingly. There will be no order as to costs. (G. S. PATEL, J.) 22nd February 2017