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Calcutta High Court

Srei Equipment Finance Pvt. Ltd vs Sanad Kumar Sahu & Anr on 19 June, 2013

Author: Ashim Kumar Banerjee

Bench: Ashim Kumar Banerjee

                             ORDER SHEET
                          APO NO.131 OF 2013
                           AP NO.717 OF 2012
                    IN THE HIGH COURT AT CALCUTTA

                          Civil Appellate Jurisdiction

                                   ORIGINAL SIDE



                   SREI EQUIPMENT FINANCE PVT. LTD.

                                      Versus

                        SANAD KUMAR SAHU & ANR.

  BEFORE:

  The Hon'ble JUSTICE ASHIM KUMAR BANERJEE

  The Hon'ble JUSTICE DR.MRINAL KANTI CHAUDHURI

  Date : 19th June, 2013.

                                           Mr.Swatarup Banerjee, Advocate
                                           for the appellant.


      The Court : The respondents have complied with the direction of this

Court and paid the initial sum of Rs.5 lakhs as directed by this Court. In such event, nothing further to be done in this appeal. The appeal is disposed of by directing the respondents to continue to pay in terms of the earlier direction of this Court.

2

We make it clear, in default of payment of any instalment as directed earlier, the Receiver would take physical possession of the assets and sale the same in terms of the earlier order of this Court.

The Receiver be paid a further sum of Rs.20,000/- for the time being. The Receiver is asked to hand over the sum which he has collected from the respondents.

The appeal is disposed of accordingly without any order as to costs.

(ASHIM KUMAR BANERJEE, J.) (DR.MRINAL KANTI CHAUDHURI, J.) sd/