Nilanjan Mitter v. Lavasa Corporation Limited And Shailesh Verma (Applicant)

NIKITA GADGIL 902-CHSCD-82-2019.DOC

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION CHAMBER SUMMONS NO.82 OF 2019 IN COMMERCIAL EXECUTION APPLICATION NO.344 OF 2018 WITH CHAMBER SUMMONS NO. 131 OF 2018 Shailesh Verma ... Applicant In the matter of Nilanjan Mitter ... Claimant (Decree Holder) V/s.

Lavasa Corporation Limited ... Respondent (Judgment Debtor) Mr. Ravi Kadam,Sr. Counsel with Mr. Ashish Kamat, Counsel, Mr. Ameja Gokhale and Ms.Radhika Indapurkar i/b Shardul Amarchand Mangaldas for Applicant.

Mr. Prakash Shinde I/b MDP Partners for respondent no.3.

CORAM:

R. I. CHAGLA, J.

DATE:

14TH JUNE, 2019 PC:- 1.

In the light of the order passed in chamber summons no. 78 of 2019 today and the findings therein, this chamber summons is made absolute in terms of prayer clause (a) and (b). 2.

Union Bank of India is directed to release such funds as may be lying to the credit of the account of the respondent no. 1 company within a period of one week which may be utilised by the 1/1

NIKITA GADGIL 902-CHSCD-82-2019.DOC resolution professional (applicant herein) for keeping the company as a going concern in accordance with the provisions of the insolvency and bankruptcy Code, 2016.

3.

The chamber summons is accordingly disposed off in above terms.

( R I. CHAGLA, J. ) 2/2