Mukul Gupta v. Ifci Ltd And ORS
!"#$#%&'&()*
) +, - .-, // / !"#$ "% & &# // /
!"
#$%
"
"
% "
"
" &' (
)
"$
*
)
"
" &+ , - !
"
" &. // / .-,0 / 0
"
* * ! &+1 0
3 34
0
5
!
1 *
6
0 ! " $ &+ ,* !0
7+7(+7', !
5 !
*
0
!
0
8
/ " 0 / &
7+7(+7',*
"
!
"#$% & && '()&*+ ,+ "-+./ # #"0"1234+* /"+ "055
5 "+5"" ,6 ,+,4"07 8'9)4 $9 : 5 "123 "+ , "2, 6 0"
,,3 "0 .
56 , "0 /*3";, "0 5%+5 + 5"35,5+5",:" ,+2- "*+5,/"
/55""0, , / 5,/:5336"26"36 2; ",5+5. ** "* 5 52+3,# 5. "0 0535.
**3,:"+335/20"
5, ,,,5"-+.,"
55"35, ,,,5"-+.,533 52+3, , +*# 5,"5055, 4,,5"<+., 54"0 ;62+"
5=" **3, "0 /*3";, "0 5%+5 + 5"3 5,5+5", .5, 5,5" "0 /./ :55 5
-+ 5,5 5" 2;"123+-2 ;5."+
5. 65"#($ $=#%>## #9#!#
52+3,3 ;"5052;"1235."+ :533 3," 2 **3, "0 /*3";, "0 5%+5 "33., .5,"
,"0/./#
'
5-5 4 55"3504
;""6#"0 ;
5. + 5"* / 5. #?
"
7+7(+7',
0 !
()*&+"
*& * ,
-* .* */** (0
1-1 0
)0 )*&+"
*& ( 2* *"
!
&:.
)0 * *
8
/ * )
* 0 !
*
!
&+1 *
" 0;$
;*
0 '+
*
* )
/
"
% )0
50
3)
'
34 * 5($%% , 6 "
&*% +& * 2 *& 3&$&("7,'7+77:"*
@ A#0 ",5 5. .+/,6 -+./,"0"1234+* /"+ 52; "+,3 " 055.,"03 45.3<+."2;+, : "3 3"6 /,,+005 5
" "3" # ,"5."03 ,5.3 <+. 5 ," 0 , /552535; "0 :
5 *55"+ 5 3A5 ,* "0*+235 0+ 5",5,
" 5,2,",235,*",55""03:: 2;005 /,565:#@ *
"
7+7(+7',*
!
* *
!
*
0
7+7(+7',"
*
!
0
*
0 ! 8
$
5 !
&:.
)0 )*&+"
*& ( 2* *
:." * ;:"+3 0"
2** "* 5+ 5"3 52+32,+*5 5, 5, "23"
..
56 "053**3 +3,, 3 ;
B5,,,+ + 5"3 52+354&"2- 25. ,"+3 " ,+00 "+. ,+2,53 ",, 5,2 +,"03"
5""0
52+3C50
52+3, 35/55+/2
; "3
+5% /*,55.,5500 5, ," 56 5,"2- 56# 533,* 535= 52+35,,+* 5. "00535.**3:"+33520"
5, -+."
55"35, -+.,"5052;."6 /# :533 " 2 ,, ; 0"
5,5+5" " . * 5"
* /5,,5""
B&*",0 "** "63.5, "
;" /*3";# ,."6 /,33 /5
5 ",+35":55."+ -+5 530"
+/5
:5 ..
56 053**3.5, 5,5""0/./ " 5.5, 5*35 ; 5" /55""0, #@
0 "
0
!
* *06 &,24
&':+1
)0 ! @ A&# D#!'
) E ,+"
; * "65,5", :5 .+30 ,"0/55, 5"358 " "3 "6 + 5". 5, " "3"6 ."6 5.2"5,
"55","0005355"5 3+5. ".55"%:5 :3 "0 **"5/"0,00 /*3";, , 5 5*3, 5 3+5. 5 , "55",
.+35""00, #:"+35 0 :5 5."0 /55, 5""0/5"
55,F #4"0 ,,+"
;* "65,5", .+35.0 ,"0 /55, 5" " 5 , "0 +5 /5"
5;+ 5"35,5+5" .+3"
;/,+ "0
" "3 ,"+3 2 /55/3 "55", "0
".55",:33, "55","0005355"" 56 ,5;"
2" 6"2 "/*35:5 2+5 / "0;&";/./ 358**"5/"0 ,00 5. "& 5.
/55, 56
" "3 "6 / /./ ,"+3 6 "/ ,"+3"2;B 3 " "335.
. ;#":6
5"3* + 0"
,3 5""0 5.,000"
85.5, 5*35 ; 5","2 6"36 2; /./ 5,30# " ,,5. .
56 ,"0/*3";,"05+55,5+5", :" ,+2- " *+5,/ "
/55" 0 "/ , / 5,/:5336"26"36 5"+
"*55" ** "* 5 52+3, "+32 ",5+ 533 ,+ 52+3, "+32* ,5"6 2;<+5 53
7 "0 8"05, <+.#G/*,5,,+**35H#@
*
* ! *0
6
*
0
*
!
0 8
/ )
0 !
8
"
"
"
0 "0
0 !
0 *
0
$
"
* !
%
(* *#$ -5 % - & -2 *8 -2 % * * , 5& &2 9"#2"$-,&2 &"
*% * * 0
31:
* *
!
$
5 !
* 08
/ * 0*
)0
)*&+"
*& ( 2* * *
99
*
$
5 !
&+(24
)0 "* * @'55) ,* "0, "I+,5" "505 5""0 4 "6 / ",5+5. + 5"3
52+3 :533 5 3+33, 5,*+, 5,5."+"0"
*,,2;
./ ,**323" + 5"3
52+3# 4+ 5."**35," 5,5.565:"0-+./5 )*&+"
*& ( 2* *02+5B
5,"0 B +56*": ,"04#?
*
" !
8
/ *
0
7+7(+7'," )
0
0
! !
8
< 8
$
5 !
&+1
8
$
5 !
7+7(+7',
"
!
% * *#$ -5%- &-2 *8 -2 %( 2* * *
!
8
$
5 !
)
!
8
/
&+1 *
* )
++:
0=$
>*
0 '+
*
!"
*
0
0 " *
*0
! %
( *
& # * $*% , -"
& *; 0 :7 7 - 7"
* * -+ 5,5 5""05."+ + 5 3A"0 ",5+5"5, "+ 5:5 /,B
5, "05,",+2- "; , 5",B *
5"
53
, 5",:5 B* ,,3;* "655 5 3,#J+ B
5, "0 -+ 5,5 5" 5, 5,
5" ; 5 5, "
1 B
5, / 3; 2 +, 5 5, 3:0+3 " " ,"# 6 ;
/*35+"0-+ 5,5 5"/,5:533"
5 53;2 B
5, ,+2- " 5 ,30&5/*", 35/55",#,"
-+ 5,5 5"5,"5,3 56 /;0"
350 :5 /; 2 "25 5 ,+5 "
" /" * ,
522;,+# 5 53;"+ :533" 5 *55"0"
:
5+ 5 3A : *55" , 3 56 /;
:5 :5"+ 25. ++3; " "+,
* "65,I+33;005 5"+, /;#.55."+ , ",". 33; +*" /55""0I+,5", :5 / 32"
B/55" "0 65 "
,235, 5."0"
:5 :
55, 35/# 5."+ "," 0"
,"+ "0**3.5, 5,5""0 "+ "
52+3 "
,"00 ","2;,,+/5.-+ 5,5 5"+ 5 3A"255.
350# E 55,"*"..
56*55" "/"6 " 52+3 "
65,305* "652;,+ 5."+ "
/33;:533"* /52; 55.*55" + 5 3A"0",5+5"/ 5 ;
+ ,+"22;*,, :53336* ;
**3;5. " 5 " ,8 ,"
" / 5 ; ," , +* G/*,5,,+**35H#?
/
!
()
& * %%2 *%<;2& 0 * * *#*0 4 #*%, 5"
% 6 &*3&$* 0 :1 - "
*0
: * 5 3A5,"/","
&
+5"
+/6 ,+"
;* + ,#5,"3;: ,+"
; /5, 5 3; 533&,+5 " / /, "0 B "
5 ;
,5+5", ,0"
5, : 6 ;65 ,"0,+5, 5 I+,5" "
: * 56 "
*+235 :
"., ,"
5B 23;/5B+** 65""0*+235 5-+ ; 655 5""0*+235 -+,5 I+5 5 "+ ,/;2 " 5 3A"0",5+5"#J+"+ /+, 6 ."" ,+005 5 ," " 2;*,, 3 56
/;* "652;,+#?
( 6 "
& ,-%)" &8 6 &*3&$&
-"
*
!*
!
! $ $ !
?
0 "'@@("
50 * )
0 ++:
$ **9 !
(= &
&*,-*8*>*& * (
1- "* *
5, " ," :; 5/*+. "
,"+3 2 , ,5# 0 ,*" "# ; .523 .
56 .5,"5 5,,++ 4 5" ('$)"
5"8+ 4 5" $ , "+36653
/; 2; 0535. **35 5" + 4 5" K' )# B* ,,5"1;* ,"1+,54 5" K' )5,:5"05/*"
#
8, :55 5, 0"3 " "3; 2"
": 2+ 3,"
.+ "
"
;" * ,":"/;200 2; 5" 8 + 4 5" ('$) "
4 5" $# J"
52+3**33
52+3 /*": "*,, 5 5/"
,+ 4 5", K 9 I+5 "
5 / , :55 05B 5/, +3# 5, +, 65 /5,65323"..
56* ," + 4 4 2"B*55"+,00 56# 0"
+3;
5."+ "6 3""8,33: 5."+ :533"
5 53;" 5*55"+
5 3 A "0 ",5+5" 50 00 56 /; 5, 65323"..
56* ,"5, +3**35, :5.
5."+ 5/ ,56"365. "6 ;"0B, ,,
0, " ;*,"0*+235 /";+,"028, " 05 535,5+5",#"+ 65:
:5335.:5 *55",56"365. 33." 5"80"
"6 ;"0 *+235 +, # 5."+ /+,8*5/5 3.5,35", 2; 35/4L.5,3+ ,0"
"6 ;"0,+ +, "+"/,36,5,/+ , ;""3; "5 "/* ,56* + 0"
"6 ;"0 +,2+3,"65,. ",5+5""0I+,5-+5 532"5, 0"
,,3 "0 .
56 "0 ; ..
56 * ,"#
0"
533,+ ,, 5."+ /+,5,5,20"
6535. /;+ 5 3A"0",5+5" * ," /+, B+, /5, 65323 + 36
,+#?
&
* !
* *
0 * 90!* ) ++:
/ 8
/ ! #0* !
! 9
! !0
0
!*
!
3)*&+"
*& ( 2* *
!
*
0
0 0
! 0 !
#0*
8
/
0
!
0
* )
!
! !* "
"*
50
"
8
/ " 0 "
" !" !
9 !
@
0
/ 8
/ " 0 "*
! !
0*
"
"*
! ! !*0 ! * / 0
'77(+7',
', ! ! 0
*
8
/
0 / *
&
.-,
!1*0
<;"5