L And T Finance Limited v. Parameshwar Shrirang Gadade (Borrower) And ANR

906.crr.416.2014.doc dik

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVERS REPORT NO. 416 OF 2014 IN ARBITRATION PETITION NO.681 OF 2013 L & T Finance Ltd.

...Petitioner

vs Parameshwar Shrirang Gadade & Anr.

...Respondents

.....

Ms Disha Karambar for the Petitioner Mr N.A.Bandodkar, 2nd Assistant to Court Receiver. Mr S.S.Deshpande, Court Receiver, H.C., Bombay. .....

CORAM : S.C. GUPTE, J.

APRIL 07, 2015 P.C. :

The Court Receiver's report seeks discharge on account of non lodgment of the Petition along with the order by the Petitioner. In this matter, the Respondent - borrower has already foreclosed the account and does not owe any sum to the Petitioner. Accordingly, the Court Receiver is discharged without passing accounts, but subject to payment of costs, charges and expenses of the Court Receiver by the Petitioner in accordance with the provisional statement of account to be submitted by the Court Receiver within a period of four weeks from today. The costs of this report awarded in the sum of Rs.3000/- shall also be paid by the Petitioner within a period of four weeks from today. The Court Receiver's report is disposed of accordingly. ( S.C.GUPTE J. ) Pg 1 of 1