Avanse Financial Services Ltd. v. Shubham Ashish Jha

904-IA-2065-2024.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INTERIM APPLICATION NO.2065 OF 2024 IN EXECUTION APPLICATION (L) NO.16897 OF 2024 Avanse Financial Services Ltd ...Applicant V/s.

Shubham Ashish Jha & Anr.

...Respondents

Ms. Bijal K. Gogri i/b GNP Legal, Advocate for the Applicant. None for the Respondent.

CORAM

:

ABHAY AHUJA, J.

DATE :

28th NOVEMBER, 2024 P.C. :

1.

This Interim Application seeks execution of arbitral award dated 4th January, 2024, pursuant to which the Respondents were directed to pay to the Applicant a sum of Rs. 63,08,841/- along with interest. Digitally signed by NIKITA YOGESH GADGIL Date:

2024.11.29 10:23:42 +0530 2.

Ms. Gogri, learned Counsel appears for the Applicant and NIKITA YOGESH GADGIL submits that no payment has been received by the Applicant till date. That, the Respondents have been served on 1st June, 2024 and this Court grant prayer of disclosure in terms of prayer Clauses (b) and (d), which read thus :

"(b) That the Respondents above named be required by an order of this Hon'ble Court to file his Affidavit stating particulars of his properties such as immovable properties, bank balance, other assets, investments of the Respondents etc., as provided under Order 21 Rule 41 of the Code of Civil Procedure, 1908.

Nikita Gadgil 1/2

904-IA-2065-2024.doc (d) That the Respondents be directed to disclose their means on affidavit for satisfying the decree of the Applicant under execution as per Section 51 of the Code of Civil Procedure." 3.

None appears for the Respondents, though served. 4.

Having heard the learned Counsel and having considered the submissions, this Court is of the view that relief in terms of prayer Clauses (b) and (d) be granted.

5.

Let affidavit of disclosure, on oath, in terms of prayer Clauses (b) and (d) be filed by the Respondents within a period of four weeks. 6.

Let a copy of this order be served upon the Respondents and an appropriate affidavit of service be filed by the next date. 7.

List on 8th January, 2025.

(ABHAY AHUJA, J.) Nikita Gadgil 2/2