Nand Lal Bhatia & Anr v. Kuldeep Kaul & Anr

O R D E R %

09.11.2016

Mr. A.S. Chandhiok, learned senior counsel for the respondents states that respondents have not created any impediment in remittance of GBP 369123.05 in favour of Vendor Company Moog Fernau.

Mr. Chandhiok contends that in accordance with the orders passed by the Company Law Board/NCLT dated 16th May, 2016 and 24th May, 2016, the State Bank of India, Dubai is obliged in law to release the aforesaid payment to the Vendor Company Moog Fernau without any further reference or consent or no objection certificate from his clients.

CONT.CAS(C) 1089/2016

In view of the aforesaid statements, no further orders are required in the present contempt petition and the petitioners are at liberty to apply to State Bank of India, Dubai for remittance of GBP 369123.05 to Moog Fernau.

This Court is confident that State Bank of India, Dubai will act in accordance with the orders passed by the Company Law Board/NCLT as well as by learned Single Judge of this Court in Suit No.1915/2015 and in accordance with the statements given by Mr. A.S. Chandhiok, learned senior counsel for respondents today.

Consequently, present contempt petition stands disposed of.

MANMOHAN, J NOVEMBER 09, 2016 rn

CONT.CAS(C) 1089/2016

#25 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CONT.CAS(C) 1089/2016 NAND LAL BHATIA & ANR ..... Petitioners Through Mr. Sandeep Sethi, Senior Advocate with Mr. Siddharth Yadav, Mr. Rakesh Ojha, Ms. Vijeta Mukherjee and Ms. Tanushree Ghosh, Advocates versus KULDEEP KAUL & ANR ..... Respondents Through Mr. A.S. Chandhiok, Senior Advocate with Mr. N.P.S. Chawla, Ms. Sweta Kakkad, Mr. Anukrit Gupta and Ms. Pallavi Kumar, Advocates CORAM: HON'BLE MR. JUSTICE MANMOHAN