Icici Bank Limited v. Bank Of Maharashtra The Recovery Officer And ANR.

502-WPL-1492-19.doc Sharayu Khot.

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION (L) NO. 1492 OF 2019 ICICI Bank Limited

...Petitioner

Versus

Bank of Maharashtra & Anr.

...Respondents

---------- Mr. R.L Motwani, for the Petitioner.

Mr. Siddharth Samantaray, a/w Ms. Dimple Tejani, i/by Medha Rane, for the Respondent No. 1.

Mr. Raghunath K. Nishankar, Chief Manager, ICICI Bank Ltd. ---------- CORAM :

A.A. SAYED & R.I. CHAGLA, JJ.

DATE : 3 May 2019 ORDER :

1.

Learned Counsel for the Respondent-Bank makes a 1 / 2 May 3, 2019

502-WPL-1492-19.doc statement that the Respondent-Bank shall not take physical possession of the Shop Nos. 17 and 18 (secured assets) until 31st May 2019.

2.

Learned Counsel for the Petitioner-ICICI Bank, on instructions of Mr. Raghunath K. Nishankar, Chief Manager, states that within a period of 10 days from today, the PetitionerICICI Bank shall pay to the Respondent-Bank a sum of Rs. 4,95,936/- (Rupees Four Lakh Ninety Five Thousand Nine Hundred Thirty Six only) towards the compensation for occupation for the aforesaid Shops and that the Petitioner-ICICI Bank shall vacate the said shop Nos. 17 and 18 by 31st May 2019.

3.

We accept the statements of both the learned Counsel. The Petition to stand disposed of.

[R.I. CHAGLA, J.] [A.A. SAYED, J.] 2 / 2 May 3, 2019