Drat Delhi Court August 2001 Judgments
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Popular Packing Pvt. Ltd. and ors. Vs. Bank of Punjab Ltd.
Court: DRAT Delhi
Decided on: Aug-03-2001
1. These three appeals were filed with a common Memorandum of Appeal against a common order dated 30th April, 2001 passed on a common prayer for stay of proceedings in all the three Original Applications, namely, 572 97, 573/97 and 574/97.2. By the impugned order the prayers of all the defendants in the aforesaid three suits for stay of the proceedings in the C. As. have been negated. Feeling aggrieved the defendants in the aforesaid O. As.have filed these appeals.2. Since the impugned order is a common order in the aforesaid three O.As. for recovery, all these three appeals are being decided by this one common order.3. The short question involved in all these appeals is as to in the three claim applications who is the principal borrower and who are the guarantors. According to the appellants, M/s. Peacock Industries Limited is the principal borrower in all the three claim applications whereas the plea of the respondent Bank is that M/s. Popular Packing Pvt. Ltd., M/s. Rajasthan Chemi...
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