Dinesh Kumar and Ors. Vs.indiabulls Housing Finance Ltd

Dinesh Kumar and Ors. vs Indiabulls Housing Finance Ltd

Type Court Judgment Court Delhi Decided Dec 20, 2016

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https://sooperkanoon.com/case/1202258

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Citation: sooperkanoon.com/1202258
Court: Delhi High Court
Decided On: Dec 20, 2016
Subject: Banking

Case Summary

AI-generated summary - not the official court judgment text.

Banking

Key legal issue: Banking

Parties & Advocates

Appellant / Petitioner

Dinesh Kumar and Ors.

Advocate Mr. Vivek Sharma

Respondent

Indiabulls Housing Finance Ltd

Excerpt

$~12 * in the high court of delhi at new delhi + w.p.(c) 11894/2016 & cm468622016 1. ........ petitioners through : mr. vivek sharma, advocate versus dinesh kumar and ors. indiabulls housing finance ltd coram: hon'ble ms. justice hima kohli % the present petition has been filed by the petitioners praying inter order2012.2016 through : none. ..... respondent alia for quashing the process initiated by the respondent/india bulls housing finance ltd. pursuant to filing an application under section 14 of the securitisation and reconstruction of financial assets and enforcement of security interest act, 2002 before the learned cmm whereon, an order dated 22.10.2016 has been passed.2. after addressing arguments at some length, learned counsel for the petitioners seeks leave to withdraw the present petition, while reserving the right of his clients to approach the debt recovery tribunal for raising objections to the steps taken by the respondent, as noted above.3. leave, as prayed for, is granted. the writ petition is dismissed as withdrawn, along with the pending application. hima kohli, j december20 2016 sk

Full Judgment

$~12 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 11894/2016 & CM468622016 1. ........ Petitioner

s Through : Mr. Vivek Sharma, Advocate versus DINESH KUMAR AND ORS. INDIABULLS HOUSING FINANCE LTD CORAM: HON'BLE MS. JUSTICE HIMA KOHLI % The present petition has been filed by the petitioners praying inter ORDER

2012.2016 Through : None. ..... Respondent alia for quashing the process initiated by the respondent/India Bulls Housing Finance Ltd. pursuant to filing an application under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 before the learned CMM whereon, an order dated 22.10.2016 has been passed.

2. After addressing arguments at some length, learned counsel for the petitioners seeks leave to withdraw the present petition, while reserving the right of his clients to approach the Debt Recovery Tribunal for raising objections to the steps taken by the respondent, as noted above.

3. Leave, as prayed for, is granted. The writ petition is dismissed as withdrawn, along with the pending application. HIMA KOHLI, J DECEMBER20 2016 sk

Same Court & Year Delhi · 2016 Same Parties Dinesh Kumar and Ors. vs Indiabulls Housing Finance Ltd Same Subject Banking