Drat Delhi Court November 2007 Judgments
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Hmt Ltd. Vs. Nainital Bank Ltd.
Court: DRAT Delhi
Decided on: Nov-23-2007
Reported in: I(2008)BC50
1. HMT Limited (a public sector undertaking) has filed this appeal against judgment dated 20.8.2004 passed by DRT-III, Delhi in O.A.169/2002. The O.A. had been filed by the respondent herein-The Nainital Bank Ltd. (applicant in O.A.) for the recovery of Rs. 1,13,11,593/- along with pendente lite and future interest @ 16.5% per annum with half yearly rests as also costs. The DRT allowed the O.A. directing the defendant (appellant herein) to pay the said amount of Rs. 1,13,11,593/- along with costs, pendente lite and future interest @ 10% per annum with effect from 5.8.2002 (date of filing of the O.A.). The appellant/defendant is aggrieved thereby and has lodged this appeal.2. The facts may be stated shortly: A sum of Rs. 50 lakh was invested by the respondent-Bank (applicant in O.A.) in HMT Bonds in New Delhi and a sum of Rs. 49.75 lakh, after adjusting upfront discount of Rs. 25,000/-, was deposited with the appellant/defendant. The appellant/defendant issued Bond Certificate (Unsecur...
Punjab National Bank Vs. Rama Fibres Ltd. and ors.
Court: DRAT Delhi
Decided on: Nov-12-2007
Reported in: (2008)141CompCas423NULL
1. This is an appeal by the Punjab National 1 Bank against the order dated September 25, 2002, passed by the DRT, Chandigarh, rejecting its application purportedly made under Section 19(25) read with Section 26(2) of the RDDBFI Act, 1993, for the amendment of recovery certificate made in pursuance of a decree in O.A. No. 144 of 1998 passed by the DRT, Jaipur.2. The facts are that O. A. No. 144 of 1998, in question was decided by the DRT, Jaipur, by judgment dated October 27, 1999. It was decreed against the concerned defendants/respondents for recovery of Rs. 4,44,60,002.08. Recovery certificate was drawn and issued to the Recovery Officer, DRT, Jaipur. The bank made an application, the order passed whereupon has given rise to this appeal, praying for suitable amendment in the recovery certificate along with the amendment of relief clause of the judgment and the order passed by the DRT.According to the bank, there was clerical error in the recovery certificate as the same was not in c...
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