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Calcutta High Court

L & T Finance Ltd vs Vinod Kumar Gupta & Anr on 21 January, 2015

Author: Biswanath Somadder

Bench: Biswanath Somadder

                             AP No. 1686 of 2014
                        IN THE HIGH COURT AT CALCUTTA
                    Ordinary Original Civil Jurisdiction



                             L & T FINANCE LTD.

                                   Versus

                          VINOD KUMAR GUPTA & ANR.


BEFORE:

The Hon'ble JUSTICE BISWANATH SOMADDER

Date : 21st January, 2015.

                                                                   Appearance:
                                                      Mr. Paritosh Sinha, Adv.
                                                            ...for the petitioner


          The Court : Let the affidavit of service filed in Court today be taken

 on record. The respondents remain unrepresented despite service.

The petitioner claims that a total sum of Rs. 13,14,234/- is due and payable including an amount not less than Rs. 5,33,201/- calculated upto 5th September, 2014 on account of defaulted instalments.

In such facts and circumstances, there will be an order in terms of prayers (a) and (b) of the petition.

Ms. Suchandra Dey, Advocate, Bar Association Room No.15, is appointed receiver. The receiver will be paid an initial remuneration of 1200 GMs. and all expenses on account of the receiver's travel, accommodation and the like will be borne by the petitioner and added to its claim in the pending arbitral proceeding. 2

In the event, this order is not communicated to the receiver within a week from date, the same shall stand automatically recalled.

The matter is made returnable four weeks hence. Urgent photostat certified copies of this order, if applied for, be supplied to the parties subject to compliance with all requisite formalities.

(BISWANATH SOMADDER, J.) kc.