Tata Capital Financial Service Ltd. v. Shubhankar Marketing Pvt.Ltd. And ANR.(Res) And The Court Receiver High Court (Prop. Res)

16-IA-133-2020 IN ARBP-1172-2015.DOC Shephali

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INTERIM APPLICATION NO. 147 OF 2020 IN ARBITRATION PETITION NO. 1172 OF 2015 Tata Capital Financial Services Limited

...Petitioner

Versus

Shubhankar Marketing Pvt Ltd & Ors

...Respondents

And The Court Receiver

...Respondent

Mr Nikhil Mehta, i/b KMC Legal Venture, for the Petitioners. Mr DN Kher, Court Receiver, present.

CORAM: G.S. PATEL, J (Through Video Conference) DATED:

11th September 2020 PC:- 1.

Heard through video conferencing.

Shephali Mormare 2.

Mr Mehta on behalf of the Petitioners points out that the Petitioners have obtained an arbitral Award. The secured asset is by Shephali Mormare Date:

2020.09.22 11:49:36 +0530 said to be not traceable. The Court Receiver has not taken physical possession of the asset in question.

11th September 2020

16-IA-133-2020 IN ARBP-1172-2015.DOC 3.

In view of this, Mr Mehta seeks an order of discharge of the Court Receiver. The Court Receiver to stand discharged without passing accounts but on payment of his costs, charges and expenses by the Petitioners within a period of two weeks from the date of receipt of the statement of accounts.

4.

Interim Application is disposed of in these terms. 5.

Registry is directed to number the disposed Interim Application for statistical purposes.

6.

this Court. All concerned will act on production by fax or email of a (G. S. PATEL, J) 11th September 2020