B.P. Agarwal & Anr VS. Dhanalakshmi Bank Ltd. & Ors

Extract

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B.P. Agarwal & Anr VS. Dhanalakshmi Bank Ltd. & Ors

The Judgement Information System REPORTABLE

IN THE SUPREME COURT OF INDIA

CIVIL APPELLATE JURISDICTION

CIVIL APPEAL NO.2801 OF 2002

DCM Financial Services Ltd.

Versus Neel Kamal Plastics Ltd. & Anr.

JUDGMENT

AFTAB ALAM,J.

1. This appeal is directed against the orders passed by the Punjab &

Haryana High Court asking the appellant to deposit in court the sum of Rs. one crore that it had received in connection with the sale of the property of

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M/s. Pure Drinks (New Delhi) Ltd. (respondent no.2), for the liquidation of which a proceeding remains pending in the High Court. The first order in this regard was passed by a learned Single Judge on 14 March, 2000 on an application made by Neel Kamal Plastics Ltd. (respondent no.1), one of the several creditors of the second respondent, M/s.Pure Drinks (New Delhi) Ltd. (hereinafter referred to as `the Debtor Company'). By this order the appellant was directed to deposit the aforesaid amount in twelve equal monthly inst...

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