Drat Allahabad Court May 2004 Judgments
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State Bank of India Vs. Bastar Oil Mills and Industries
Court: DRAT Allahabad
Decided on: May-26-2004
Reported in: III(2006)BC37
1. Appellant State Bank of India (hereinafter referred to as the 'appellant Bank') has filed original application No. 18/2004 before the Debts Recovery Tribunal, Jabalpur (hereinafter referred to as the DRT) against respondent Nos. 1 to 6 (as defendants) for the recovery of Rs. 7,28,27,297.23 with interest and costs.2. The appellant Bank also filed a miscellaneous application for the attachment of the amount due under the arbitration award passed in favour of the; defendant No. 1 company (and against the State of Chhattisgarh and the Principal Secretary, Department of Forests, Government of Chhattisgarh) on 7th November, 2003 for a sum of Rs. 6,06,10,4367- with interest. The appellant Bank urged in that application that the defendant No. 1 company is likely to get the said award amount from the State of Chhattisgarh and Department of Forests, Government of Chhattisgarh, that the same can be attached, and that otherwise there are every chance of siphoning off the funds by the defendant...
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