Harvestdeal Securities Ltd v. Punjab National Bank

skc 39-WPL-1782-16.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION (L) NO. 1782 OF 2016 Harvestdeal Securities Ltd.

..

Petitioner versus Punjab National Bank ..

Respondent Mr. Gaurav Joshi - Senior Advocate with Mr. Piyush Raheja, Mr. Sunil Gangan, Mr. Jayesh Mestry and Mr. Shrikant i/b. RMG Law Associates for Petitioner.

Mr. Chirag Balsara with Mr. Vikrant Makhre, Jinal Gogri i/b. Negandhi Shah & Himayatullah for Respondent.

CORAM:

V. M. KANADE AND M. S. SONAK, JJ.

DATE :

11 JULY 2016 P.C.:

1] Grievance of the petitioner is that since no Chairman of the DRAT has been appointed to decide cases which are filed in Bombay they had to approach the DRAT at Allahabad. He submitted that the petitioner has no other option but to approach this Court and are seeking stay to the execution of the award passed by the DRT. 2] We are informed in one another matter that the Chairman of the DRAT is likely to take charge in the first week of August as of now litigants have to approach the Chairman of the DRAT, Allahabad, for the purposes of obtaining interim orders.

3] Taking into consideration this situation, we grant four weeks time to the petitioner to approach DRAT, Allahabad. No further extension

skc 39-WPL-1782-16.doc shall be granted. In the meantime the order passed by the DRT is stay for a period of four weeks. We would like to clarify that this order is not passed on merits. We have not made any observations in respect of contentions of the petitioner or the respondents. All contentions are kept open.

4] The petition is accordingly disposed of.

(M. S. SONAK, J.) (V. M. KANADE, J.) chandka