M/S Metal Arc Agri Llp v. State Of Haryana And Others
-1-
!
" #$% &'()*+,' -
$ ./$
0 10$
! "# " $ !% &! ! "#$ ' (! "#)
*! "#) '" $! "#) + , +! "# -. //// 10$ 2 0 $ " ! # , 1213414. 56#
7# ,7 % # ( ! 8 ! $ # # !"9 40
0:;4< $ #0:0 ! 6# ! $ # ,# 00..= # , ! ,
-24
!0:901, " +$ !% #8 !$$ -.7 # > ,# ;?< " ;
@ ,A< " 6# 0B12410.!
4412410.!
,, $ 6# , # 4;"< , #!411C;
@411C #A<!$ D ,E$#" , , , # > ,# ;?<;
@8 ,A<!$
+ , + , ! " 00.. = ! . ' -# 131B4104 0.044104 # 3 2 #F #! 0CG3 ;
@0CG3 #A< #"! " ,0:901, $ 8 ,#,
#F
,
H * *5*5 $9! $ $ -0. 4G1:410.
", 9" , #F # ; @ A<! 8 ,
!,! + , !"9 # 0C 0CG3 #! 9 #
#, #, * , $ , I
-3-
3C!1117 # " # 4104410G
#
-134103 $ !8 ,6# -.34141 00144141 3 %
# , 6# !
J "@
+ , A,"#
KK?!
0:;4< #
# $ 4104410G , # 7 8 ,?#! # 7# $
+ , ! $ 00.. = 8 ,
, 0B12410.!
,"
#7
, 0B04410C * # $ # -." ! # , 6#
, 0B04410C! "" , KK?
0:;4< : *56#
7# ,7 % #( !" 1213410.,## $ # " KK?
0: $" 7#!$#$# 7 # # $ 4G04410G $
-4- "
-. , ,! #
+ , ) 2 ?,
, 1213410. 56#
! #
, " KK?
0:;4< # ## # ,# # 7# # 7 8 ,!
,0B04410C? #! #
-0B #* ,
#@*'34) 04+ /' & &'3 ' $4 4'5 (&'*+'* '
/' & '3A!4140;3< 3.!$# #
7 17. In these circumstances, it is evident that the respondent no.3 appears to have attempted to mislead the court. The reasons given and the submissions advanced are completely unsatisfactory and I am unable to accept the contention of Mr. Naphade that no relief can be granted in these circumstances. Undoubtedly, the respondent no.3 has an interest in these LLPs and which can be subject matter of the charge since he has apparently created a charge in respect of his partnership interest in Mid-City Housing LLP. In this view of the matter, it is evident that the charge can now be created on his interest which has been equated in monetary terms equivalent to the amounts borrowed. The amount borrowed is said to be about Rs.100 crores and in my view, that amount would therefore represent the subject
-5matter of a charge which at the very least represents the partnership interests of the respondent no.3 in Mid-City Housing LLP. This having been said, I have heard no opposition whatsoever to the amendment sought to the execution application. In my view, therefore, prima facie case is made out for grant of relief and accordingly I pass the following order, (i) IA is made absolute in terms of prayer clause (a). (ii) There will be an ad-interim order in terms of prayer clauses (b) and (c).
(iii) To the extent it concerns, the partnership interest of respondent no.3 in Mid-City Housing LLP, a charge will attach to the amount of Rs.100 crores borrowed under the Deed of Creation of Charge dated 18th October, 2021 in between respondent no.3 and India Bulls Commercial Credit Limited.
(iv) The respondent no.3 is directed to furnish all particulars of the amount of loan received and the date of receipt of the said amount within a period of one week from today. (v) The affidavit shall be filed in court on 8th November, copies shall however be served within one week from today. (vi) Liberty to apply after such reply is filed and in the event it is not so filed. 20 #
43 8 ,
, 4412410.
,
-. $ #
$ ! 8 , #
! 7# " "
+ , !
,
,
-6- 0B04410C #F #F
#, # 7 " ! #, 8 , G: 9;@ 6
L A<
, 7 ,# $#
+ , $ # $
#7
, 0B04410C B !
-. $
KK?
0:;4<
, " $ # # $ # $ # 7
# #!
, $ # 8 ,! # $ #
# 7
#! ,
$ # # 8 , # 7 !" "9
#56#
56-.34141!$ ,"#"9 KK?
0: ! #
9 ,$
? ! # # $
,! "
#
7
-7- ;< @14'46&64&73&48 3*46&6$&46&6&&'392 70G32?$ ; , < 4.3
!!
"#
$
%
%
!!
"&
'
($
)
"* "+,*
- .
$ / 0 %
$
!!
"# )
%
- % 1 ' .
$
-
- / %
%
2
(
% %%
%
3
-8- !!
"4
!!
"# %
%
. %
%
, 5*6
.
7
/
8
%
!!
"&
!!
"#
.
'
- ( '
- 9
.
: .
9 9 % "44% &7*0&'5&&&4&'38 :&34*4 13&& 20G.G
444! ?
0G31 3B4 ;
," :
"4
-9-
," : "&
$
%
%
$
3
%
;
%
)
%
%
%
%
.
5
6
# .
(
"<
,,* 3
-
%
%
%
1 - %
3
-
%
"=
*"=
%
-10-
.
> %
%
$ %
%
.
'
/ %
?='
##* (
%
%
2
%
%
.
"444% 8&6+3& *6&7+3& 8 $&<7&4 4&+3&2 0G:.?$ ; , < .:2 D6666
," : "#
$
.
%
$
(
$
@
$
-11-
)
$ %
.
$
% $ %
A
%
A
%
% 7
%
.
A
%
$
%
.
A
.
A
%
$
$
%
$
$
$ %
$
(
%
% B
-12-
%
% B
$
9 ,*" 5 A
!!
:
"#
6
$
.
(
$
$
%%
'
) .
$ %
$
!
%
% %
%
%
%
-13- %
$
C 4%0343&<&*=&8 464)2;4103<4
32:
,* ""
,44#
$
%
%
%
$
1
;
4GC! G< 7 +
%
$ %
7 %
. %
$
D % )& 3&=&& & &'3 8 $&33 3&=&& &'32;411G<4
4G3 +
%
$ %
7 %
. %
$
7
9 <?
7
-14C ? " #
9$ # ?
#
,, G ?#!56#
,# $ ;< KK?
0: $ # $ # $ # $ # 7 ;< * # $ ,
-.
$ 4104410G $ "
-.78 , ;< -.# 7 , ,) "
# ! # , ! 7# $# #,#
"
,0B04410C # # 7 01 ? ,
! #
56#
$#" 6 # " ## $ " " 411C # ,
, 4412410.! $# "
, -
!
-15411C #! ,# #00 04! #.;0< # ) , ! ! # 4. 411C #!
, 8 , "
, $ * " " # . 4. 410C #
#
7 9 ! "
# $ #
$ $
% 5"67
7 %
5,67
5*67 %
%
& # '
5"69
7 %
%
%
%
5,6
%
%
:
%
-165*67%
%
%
%
5?6 %
%
%
%
2 9
E 010 * ! 8 ,
, ! 8 , "
,
, , $,*
8 ,! "" #! #
" , # #
7 (#
' & % )
EF
% % G
%
%
%
FF
-17-
EF %
E
%
#
7
%
F
014 5F , ! 56#
$ "
## # # $"
8 ,) # ! # " # , # ! " # KK?
0:;4<
,
, 0B04410C
# $# ,
-.8 ,* #$
6 $ $ "
40>..;<;"<
,$#
D6&* )
%
%
%
FF 6&*
"&%"44%
-18- )
%
%
FF
%%
E 01. * ! , # , " $
# "! #," "
! 8 , #
" # "
, , ! " #! #,
#
" $ 4104410G!
# #F $ , "
, #
8 , !$
# #
# "
8 ,* !" # # 7 # # "" "9 KK?
0:;4< # $ ( , # # !# " #!411C$# ###
*56#
# "
,
-194412410. ## ! # "! 1213414. 56#
7# ,7 % #( !8 ! 013 # ## ! #, ,
, 0B04410C ! # , " $ 56#
! # ! 6 !, #956#
# ## # $ $ $ $ , , # # # !
F " 6# ,
, 0B04410C * 56#
F " # " # , 6# ,
,0B04410C* # 56#
4004414. 00 4)( " , 04 #;<!!;< -
" 10$ % '%9 % M 9 H - M H -