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Delhi High Court - Orders

Anil Dhirajlal Ambani vs State Bank Of India & Ors on 27 August, 2020

Author: Vipin Sanghi

Bench: Vipin Sanghi, Rajnish Bhatnagar

                                $~3.
                                *      IN THE HIGH COURT OF DELHI AT NEW DELHI
                                +      W.P.(C) 5712/2020
                                       ANIL DHIRAJLAL AMBANI                        ..... Petitioner
                                                       Through:   Mr. Harish Salve & Mr. J.J. Bhat,
                                                                  Senior Advocates with Mr. Mahesh
                                                                  Agarwal, Mr. Rishi Agrawal,
                                                                  Ms.Shally Bhasin, Mr. Prateek Gupta,
                                                                  Mr. Ankit Banati & Ms. Madhavi
                                                                  Agarwal, Advocates.

                                                       versus

                                       STATE BANK OF INDIA & ORS.                   ..... Respondents
                                                       Through:   Mr. Neeraj K. Kaul, Senior Advocate
                                                                  with Mr. Nirav Shah, Mr. Deepak
                                                                  Joshi & Mr. Ryan Dsouza, Advocates
                                                                  for respondent No.1/ SBI.
                                                                  Mr. Chetan Sharma, ASG with
                                                                  Mr.Akshay Makhija, CGSC and
                                                                  Ms.Roshni Namboodiry, Mr.Sahaj
                                                                  Garg, Mr. R.V. Prabhat & Mr. Amit
                                                                  Gupta, Advocates for respondents
                                                                  No.2 & 3/ UOI.
                                                                  Ms. Madhavi Divan, ASG with
                                                                  Mr.Vikas Mehta & Mr. Apoorv
                                                                  Khator, Advocates for respondent
                                                                  No.4/ IBBI.
                                                                  Ms. Kavita Jha, Ms. Sandhya Iyer &
                                                                  Mr. Utsav Kumar, Advocates for
                                                                  respondent No.5.


                                       CORAM:
                                       HON'BLE MR. JUSTICE VIPIN SANGHI
                                       HON'BLE MR. JUSTICE RAJNISH BHATNAGAR


Signature Not Verified
Digitally Signed
By:BHUPINDER SINGH
ROHELLA
Signing Date:27.08.2020 17:58
                                                                  ORDER

% 27.08.2020 C.M. Nos.20649/2020, C.M. Nos.20650/2020 &C.M. Nos.20651/2020 Exemptions allowed, subject to all just exceptions. The applications stand disposed of.

W.P.(C) 5712/2020 & C.M. Nos.20648/2020 Issue notice. Mr. Nirav Shah accepts notice on behalf of respondent No.1; Mr. Akshay Makhija accepts notice on behalf of respondents No.2 & 3; Mr. Vikas Mehta accepts notice on behalf of respondent No.4; and Ms.Kavita Jha accepts notice on behalf of respondent No.5.

Counter-affidavits be filed within three weeks. Rejoinder, if any, be filed before the next date.

List on 06.10.2020 along with W.P.(C) No. 4849/2020. In the meantime, the proceedings would continue in relation to the Corporate Debtor and while dealing with those proceedings, the liability of the petitioner may also be examined by the IRP. However, the proceedings against the petitioner under Part-III of the IBC shall remain stayed. We restrain the petitioner from transferring, alienating, encumbering, or dealing with, or disposing of any of his assets, or his rights, or beneficial interest therein till the next date.

VIPIN SANGHI, J RAJNISH BHATNAGAR, J AUGUST 27, 2020 B.S. Rohella Signature Not Verified Digitally Signed By:BHUPINDER SINGH ROHELLA Signing Date:27.08.2020 17:58