Pan India Motors Pvt. Ltd. Vs. Asset Reconstruction Company (India) Ltd. and Others

Decided On : Apr-22-2016

Court : Mumbai

LAW: an Assignment Agreement, Exhibit 52, Rs.765, the DRT Act, Exhibit 69, Exhibit 91, the Ahmedabad DRT, Rule 8, the SARFAESI Act, Section 31(e, the SARFAESI Act, the SARFAESI Act, Section 34, the SARFAESI Act, The SARFAESI Act, the SARFAESI Act, the RDDB Act, Article 127 of the Limitation Act, Article 226, Section 100 of the Code of Civil Procedure, Income Tax Act, the Income Tax Act, Section 29, the SARFAESI Act, Section 2(h)(ia, the DRT Act, the RDDB Act, Article 127 of the Limitation Act, Order 21, Rule 57, the Income Tax Act

PERSON: G.S. Patel, Petitioner, Sethna, Sethna, Cooper, Surajpur Industrial Area, Gautam Buddha Nagar, DRT, Canara Bank, Petitioner, Vehicle, Petitioner, Canara Bank, Petitioner, Written Submissions, Petitioner, Conveyance Deed, Sethna, Miscellaneous Applications, Affidavit, Petitioner, Petitioner, Miscellaneous Applications, Miscellaneous Applications, Petitioner, Petitioner, RNA, Sethna, RNA, Petitioner, Petitioner, Petitioner, Petitioner, Petitioner, Petitioner, Petitioner, Petitioner, Petitioner, AK Menon JJ).The Petitioner, Dilip R. Talekar, Petitioner, Petitioner, Talekar, Sethna, Sethna, Sethna, Sethna, Sethna, Suryadevi Rai v Ram Chander Rai, Sarup Singh, Anr, Balvant N. Viswamitra, Sadashiv Mule, Sethna, Sethna, Sethna, Sethna, Sethna, Sethna, Sethna, Poojari, Shankar Sitaram Sontakke, Anr, Sethna, Sethna, Sethna, Sethna, Sethna, Sethna, Sethna, Sethna, Sethna, Sethna, Cooper, Cooper, Gurdev Kaur v Kaki, Sethna, Cooper, Petitioner, Cooper, Petitioner, Petitioner, Sethna, Cooper, Cooper, Cooper, Petitioner, Cooper, Cooper, Recovery Officer, Crosslinks, Sethna, Cooper, Sethna, Sethna, Petitioner, Sethna, Petitioner, Cooper, Petitioner, Cooper, Sethna, Talekar, Petitioner, Sethna, Petitioner, Talekar, Talekar, Talekar, Talekar, Talekar, Talekar

PRODUCT: Articles 226 and 227 of the Constitution of India, Consent Terms

DATE: 8th January 2014, November 2012, 30th January 2013, the 1st Respondent, the 1st Respondent, April 2002, 2002, 31st March 2002, quarterly, 1st April 2002, 9th May 2002, 23rd July 2002, 8th August 2002, May 2002, 31st March 2003, 31st August 2004, 11th October 2004, 29th March 2005, 2004, 23rd August 2006, November 2006, December 2006, 18th December 2006, 2nd January 2007, February 2007, 12th February 2007, 12th February 2007, 2nd February 2007, today, 30-47, 28th September 2007, 28-29, 12th February 2007, October 2007, 12th February 2007, October, 2007, October 2007, October 2007, October 2007, 17th October 2007, 17th October 2007, 56-67).A day later, 18th October 2007, October 2007, 18th October 2007, 23rd October 2007, 19th October 2007, 22nd October 2007, that day, 25th October 2007, 25th October 2007, November 2007, 12th October 2007, 2nd June 2008, Later that month, 6th March 2009, October 2009, 24th September 2009, 13th November 2009, Two days later, 15th December 2009, 21st December 2009, 29th January 2010, November 2009, 8th March 2010, 28th April 2010, May 2010, 8th June 2012, 26th July 2010, 15 days, 10th August 2010, Between June 2010, February 2011, October 2010, 67-68).On, December 2010, January 2011, four weeks, January 2011, 25th January 2011, February 2011, 4th February 2011, 14th February 2011, several days later, 18th February 2011, 18th February 2011, 18th February 2011, 28th February 2011, 23rd February 2011, 14th February 2011, 28th February 2011, 2011, 18th February 2011, that very day, a few days later, 24th March 2011, 30th March 2011, 30th March 2011, April 2011, 15th April 2011, April 2011, 2011, 24th November 2011, March 2012, 18th February 2011, almost a year earlier, 19th March 2012, 22nd November 2012, 30th January 2013, 22nd November 2012, 27th February 2013, 6th June 2013, 2013, 27th February 2013, 14th June 2013, 8th January 2014, 8th January 2014, 14th March 2014, March 2014, 14th March 2014, April 2014, April 2014, 4th April 2014, April 2014, 16th April 2014, 25th April 2014, May 2014, May 2014, May 2014, May 2014, 25th July 2014, 29th September 2014, 29th October 2015, 15th January 2015, 19th March 2015, 23rd September 2015, 30th October 2015, 12th October 2015, 15th October 2015, 21st October 2015, 25th July 2014, 22nd and 23rd October 2015, 30th October 2015, 30th October 2015, 30th October 2015, 2002, 2006, 2015, 2008, 2000, 2065, 2007, 1979, 4273, October 2010, 1993, between 2009 and 2011, 2007, 1963, October 2007, October 2010, 60 days, 2004, 60 days of 27th October 2007, 1908, October 2007, November 2009, October 2007, October 2007, several years, 2009, 15th February 2011, 18th February 2011, more than a year, 25th October 2010, three years, October 2007, 1961, 25th July 2014, 8th August 2002, 10th November 2006, 12th February 2007, October 2007, November 2007, November 2007, 1535, 1961, 2008, 89-91, 1908, 1961, 16th October 2007, the next five years, 18th February 2011, 28th September 2009, 29th September 2014, 29th October 2015, 19th August 2014 to, August 2014, 23rd October 2015, 19th October 2015 to 22nd October 2015, 11 days, two weeks, today, the days, the days, 35, 2015

ORG: the Debt Recovery Appellate Tribunal, DRAT, DRAT, the Writ Petition, the Debt Recovery Tribunal, the Asset Reconstruction Company, Affidavit, the Debt Recovery Appellate Tribunal, the Debt Recovery Appellate Tribunal, ICICI Bank Ltd., Original Application, the Mumbai Debt Recovery Tribunal, DRT, Daewoo Motors Private Limited, Daewoo, Daewoo Corporation, Bank, ICICI Bank s application, DRT, DRT, Bank, Appeal, DRAT, DRAT, Daewoo, Plot No, Tahasil-Dadri, Uttar Pradesh, DRT, DRT, the ICICI Bank s O.A., ICICI Bank, ICICI Bank, Daewoo, the Recovery Certificate, The Recovery Certificate, IDBI Bank, Daewoo, Daewoo, Stressed Assets Stabilisation Fund, DRT, the Recovery Certificate, DRT, ARCIL, DRT, Crosslinks Finlease Private Limited, Crosslinks, Adzon Media Pvt. Ltd., Crosslinks, DRT, Crosslinks, DRT, Crosslinks s, Crosslinks s, Pan India Motors Private Limited, Crosslinks, DRT, DRT, DRT, inter alia, SPV, SPV, Secured Non Convertible Debentures, Crores and Secured Optionally Convertible Debentures, SPV, SPV, the Recovery Officer (ARCIL Compilation, DRT, DRT, DRT, Crosslinks, DRAT, DRAT, DRT, DRT, Crosslinks, DRAT, DRAT, DRT, DRT, DRAT, the Uttar Pradesh State Industrial Development Corporation, Delhi High Court, UPSIDC, Affidavit, Miscellaneous Application, the Petitioner s Application No.33 of 2008, another Miscellaneous Application, the Petitioner (ARCIL Compilation, Petition, Ex, Petitioner s board, Clauses 2(xvii, ARCIL Compilation, Clauses 4(e, UPSIDC, Affidavit, the Consent Terms, the Consent Terms, another Miscellaneous Application, Affidavit, Miscellaneous Application, Affidavit, ARCIL, a Miscellaneous Application, DRT, DRT, Transfer Petition, ARCIL, Affidavit, Affidavit, the Transfer Petition, the Workmen s Union, DRAT, the Transfer Petition, DRT, Court, Court, DRT, Court, Writ Petition, the Petitioner (ARCIL Compilation, DRT, DRT, DRT, Appeal, the Recovery Officer (ARCIL Compilation, DRAT, DRAT, DRT, the Recovery Inspector, Affidavit, the Petitioner (Affidavit, the Recovery Inspector, DRAT, the Writ Petition (Petition, Ex, Petition, Ex, the Petitioner s Advocates, Petition, Ex, Arcil, Court, Court, Court, Court, Court, Court, DRT, Court, Court, Court, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, the Security Interest Enforcement Rules, DRT, DRT, DRT, Sections of the SARFAESI Act, DRT, Civil Courts, the Civil Court, DRT, DRAT, AIR 2003 SC 3044, State of, Madhya Pradesh v Babulal, AIR 1977 SC 1718, Arun Kumar v Union of India, SC, Union of India, AIR 2011 SC 514, AIR 2004 SC 4377, Foreshore Cooperative Housing Society Limited, DRT, DRAT, DRT, DRT, DRT, Civil Court, DRT, DRAT, the Supreme Court, Hindusthan Nytroproducts, ARCIL, ARCIL, Dhubri v Onkarmal Nathmal Trust, AIR 1975 SC, DRT, DRT, Court, Parayya Allayya Hittalamani v Shri Parayya Gurulingayya, Motilal Padampat Sugar Mills Co., Uttar Pradesh and Others, AIR 1954, SC, Court, DRT, the Consent Terms, AIR 1990, Rajasthan Financial Corporation, AIR 2003, Pushpadevi Bhagat v Rajinder Singh, AIR 2006, Petitioner s board, the Consent Terms, DRT, Court, DRT, the Consent Terms, the Consent Terms, DRT, ARCIL, DRT, the Supreme Court, ARCIL, Court, Court, Court, Court, Supreme Court, AIR 2006 SC, the Supreme Court, the Consent Terms, UPSIDC, the Consent Terms, the Consent Terms, ARCIL, The Consent Terms, the Consent Terms, Court, Court, The Consent Terms, Court, DRT, DRT, SARFEASI Act, DRT, DRAT, Recovery, DRT, Crosslinks, Crosslinks, Adzon Media Private Limited, Rs.459, Adzon, Crosslinks, DRT, Crosslinks, Court, DRT, Court, DRT, Court, Recovery Certificate, ICICI Bank, the Recovery Certificate, a Civil Court, Recovery Certificate, Allahabad Bank v Canara Bank, AIR 2000 SC, Crosslinks, Crosslinks s, DRT, DRT, DRT, Court, Divya Manufacturing Co P Ltd v Union Bank of India, AIR 2000, ARCIL, DRT, RDDB, Transcore v Union of India, UPSDIC, Terms and Conditions, Daewoo, Appeals, DRT, Daewoo, Court, Court, Consent Terms, Court, Court, Court, Court, DRT, DRAT, Court, Court, the Recovery Certificate, Court, Court, Notice of Motion No.345

WORK_OF_ART: Miscellaneous Appeal No, Recovery Proceeding No, a Deed of Hypothecation

CARDINAL: 58, two, 2.We, two, about 500, four, two, two, Rs.511,02,86,697/-, 2, 3, 440, one, 4, 1-18, five, one, one, one, 19-20).Adzon, two, 21-27).On, 2, one, 1, 765, 48-52, 1, 35:65, 53).It, 54-55, one, 67A-67AA, 68-309, 159, about five, six, 90, 183).Clauses 1 to 3, 4(f, 4(h, 72-77).By, 101-102).ARCIL, 103).ARCIL, 84-117, 196, 214-222).At, one, No.2, 13-33).ARCIL, 34-64).He, 65-67).On, 497, 558-559).ARCIL, 563-572).There, two, 33-90, 506-507).ARCIL, 508).On, two, two, two, 276.75, 4., 5, 6, 286, 6, 8, 9, 3, 9, 14, 318, 10, 11, 18, three, 50, 12, 13, 226, 227, 14, 15, three, 227, 16, 53).Mr, 17, 18, three, 19, 20, about 19, one, two, 21, 22, 23, 24, one, 18, 9, 25, 26, 27, 1, 125, 28, 29, 25, 30, 31, 32, two, two, 10, 33, 34, 10

ORDINAL: first, second, 26th, 9th, 10th, 7th, second, fourth, 5th, 16th, first, 16th, 16th, 16th, 16th, 7th, 16th, 3rd, 26th, 24th, 15th, second, third, 5th, 26th, 4th, 11th, 9th, 5th, 5th, 3rd, 5th, First, 20th, second, third, first, first, first, first, second, third, second, second, 16th, 16th, 16th, third, first, first, first, second, 16th, 7th, 7th, first, first, second, first, first, 26th, second, third, second, first

GPE: Reply, O.A., District Gaziabad, Mumbai, pp, pp, pp, pp, pp, pp, Reply, Rejoinder, Rejoinder, Mumbai, pp, pp, pp, Reply, pp, Reply, pp, pp, Valji, India, India

QUANTITY: 204 acres, 6 SCC 397

FAC: Surajpur Industrial Estate, the Surajpur Industrial Estate, Kadiyala Rama Rao v, Gutala Kahna Rao, Annapurna v Mallikarjun, Sections 17

NORP: Rs.765, Rules, Rs.765

LOC: Adzon, the Petitioner s second, the Petitioner on

PERCENT: 35%, 10%

TIME: minutes, 72 hours

EVENT: SC 2628).The Consent Terms