Recovery of Debts and Bankruptcy Act, 1993 – s.25 – Appeal arising out of impugned judgment passed by High Court by which the High Court dismissed writ petition preferred by appellants confirming the order passed by Debts Recovery Appellate Tribunal (DRAT), Delhi passed in Appeal No.82/2020 – DRAT, Delhi disposed of said appeal preferred by respondents maintaining the order of attachment of share held by appellant no.1 during pendency of Appeal No.1/2020 – However, DRAT also directed and observed that in the meanwhile recovery proceedings will go on before the Recovery Officer who will try to recover the decretal amount in accordance with provisions of s.25 of the Recovery of Debts and Bankruptcy Act – Appeal No.1/2020 pending consideration by Debts Recovery Tribunal (DRT), Jaipur – According to respondent no.1 approximately a sum of Rs.29 crores was due and payable by appellant no.1, which is disputed by appellants, more particularly appellant no.1 – Case of appellant no.1 in Appeal No.1/2020 that the amount due and payable by appellant no.1 had been paid and the question was of discharge of debt in the execution proceedings – However, at the suggestion of the Court, broad consensus arrived at between the parties – Appeal accordingly disposed of, on such terms.
As published in the Supreme Court Reports, Supreme Court of India. Text from the Indian Supreme Court Judgments open data set (Dattam Labs), CC BY 4.0.
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