Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 3, Cited by 0]

Gujarat High Court

M/S Garden Club Private Ltd vs State Of Gujarat & 2 on 31 August, 2015

Author: Abhilasha Kumari

Bench: Abhilasha Kumari

                  C/SCA/13912/2015                                             ORDER




                   IN THE HIGH COURT OF GUJARAT AT AHMEDABAD

                       SPECIAL CIVIL APPLICATION NO. 13912 of 2015

         ==========================================================
                   M/S GARDEN CLUB PRIVATE LTD., & 1....Petitioner(s)
                                      Versus
                        STATE OF GUJARAT & 2....Respondent(s)
         ==========================================================
         Appearance:
         MR ASIM J PANDYA, ADVOCATE FOR MR K S CHANDRANI, ADVOCATE for the
         Petitioner(s) No. 1 - 2
         MS SHRUTI PATHAK, ASSISTANT GOVERNMENT PLEADER for Respondent No. 1 and 2
         MR PUNIT B JUNEJA, ADVOCATE for Respondent(s) No. 3
         ==========================================================
                  CORAM: HONOURABLE SMT. JUSTICE ABHILASHA
                         KUMARI

                                     Date : 31/08/2015


                                      ORAL ORDER

1. Learned advocate for the petitioners has moved a  Draft   Amendment   dated   31.08.2015.   The   same   is  granted  and may  be  carried out  on,  or  before,  the next date of hearing.

2. In   the   present   petition,   the   petitioners   have  made the following prayers:

"(A) To issue an appropriate writ, order or  direction   to   quash   and   set­aside   the   order   dated   21.08.2015   Annexure­A   passed   by   the  Mamlatdar   and   Executive   Magistrate,   Rajkot  Page 1 of 9 HC-NIC Page 1 of 9 Created On Tue Sep 01 01:13:45 IST 2015 C/SCA/13912/2015 ORDER Taluka.

In the alternate (A) This   Hon'ble   Court   may   be   pleased   to   restrain   respondents   Nos.2   and   3,   their   servants   and   agents   from   taking   over   the  physical   possession   of   the   properties   in  question   from   the   petitioners   until   the  appeal   being   81   of   2015   filed   by   the   petitioners   before   the   Debt   Recovery  Appellate   Tribunal,   Mumbai,   against   the  order dated 27.01.2015 passed in S.A. No.53  of 2014 passed by Debt Recovery Tribunal­II,   Ahmedabad is finally disposed of by the said   Tribunal.

(B) To issue an appropriate writ, order   or   direction   to   quash   and   set­aside   the  order dated 21.04.2015 Annexure­B passed by  the   DRAT   Mumbai   and   further   be   pleased   to  restrain   respondent   Nos.2   and   3,   their  servants   and   agents   from   transferring,  selling   or   alienating   the   properties   in  question to anyone by public auction or in  any other manner until  the appeal being 81  of 2015 filed by the petitioners before the  Debt   Recovery   Appellate   Tribunal,   Mumbai  against the order dated 27.01.2015 passed in   S.A. No.53  of 2014 passed by  Debt Recovery  Tribunal­II,   Ahmedabad   is   finally   disposed  of by the said Tribunal. 



                                   Page 2 of 9

HC-NIC                          Page 2 of 9      Created On Tue Sep 01 01:13:45 IST 2015
                C/SCA/13912/2015                                               ORDER



                   (C)            Pending   admission   and   final 

disposal of this petition this Hon'ble Court  may   be   pleased   to   direct   the   respondent  Nos.2   and   3,   their   servants   and   agents   to  maintain status quo as regards the property  in question.

(D) Ad­interim relief in terms of para  8(C) may kindly be granted"

3. By   a   Draft   Amendment   dated   31.08.2015,   the  petitioners have added two more prayers in the  petition, apart from certain proposed amendments  to the memorandum of the petition. The amended  prayers read as under:

"(8.E) This   Hon'ble   Court   be   pleased   to  quash   and   set   aside   the   order   dated  27.08.2015   in   Appeal   No.81   of   2015,   passed   by DRAT, Mumbai, in the interest of justice;
(8.F) Pending   admission   and   final  hearing,   this   Hon'ble   Court   be   pleased   to   stay   the   operation   and   execution   of   the  order   dated   27.08.2015   in   Appeal   No.81   of  2015 passed by DRAT, Mumbai, in the interest   of justice."

4. It   is   submitted   by   Mr.Asim   J.Pandya,   learned  advocate for Mr.K.S.Chandrani, learned advocate  Page 3 of 9 HC-NIC Page 3 of 9 Created On Tue Sep 01 01:13:45 IST 2015 C/SCA/13912/2015 ORDER for the petitioners, that the amendment to the  petition   has   been   necessitated   as   it   was  submitted by Mr.Punit B.Juneja, learned advocate  for   the   respondent   No.3,   Allahabad   Bank,   as  recorded in the order dated 28.08.2015, passed  by this Court, that the appeal preferred by the  petitioners   before   the   Debt   Recovery   Appellate  Tribunal,   Mumbai   ("DRAT,   Mumbai"),   has   been  rejected on 27.08.2015.

5. Neither   of   the   learned   counsel   for   the  respective parties have produced a copy of the  order dated 27.08.2015. According to the learned  advocate for the petitioners, the said order has  not been signed by the DRAT, Mumbai. 

6. It is submitted by the learned advocate for the  petitioners   that   pursuant   to   the   notice   dated  21.08.2015,   the   respondent­Bank   is   to   take  possession of the property of the petitioners on  01.09.2015, that is, tomorrow. That, the appeal  of the petitioners preferred before the DRAT has  been rejected as the petitioners did not pay the  amount   of   Rs.2,88,00,000/­   (Rupees   two   crores  Page 4 of 9 HC-NIC Page 4 of 9 Created On Tue Sep 01 01:13:45 IST 2015 C/SCA/13912/2015 ORDER eighty  eight  lakhs  only)  as  per  Section  18  of  the   Securitisation   and   Reconstruction   of  Financial   Assets   and   Enforcement   of   Security  Interest   Act,   2002   ("SARFAESI   Act").   It   is  submitted that the petitioners are entitled for  adjudication of the appeal on merits and it is  only due to the dire financial condition of the  petitioners   that   the   amount   could   not   be  deposited. 

7. Mr.Asim   J.Pandya,   learned   advocate   for   the  petitioners   states,   upon   instructions   from   the  Director of the petitioner­Club, who is present  in­person,   that   the   amount   of   Rs.2,88,00,000/­  (Rupees   two   crores   eighty   eight   lakhs   only),  shall be deposited by the petitioners before the  DRAT, Mumbai, on, or before, 30.09.2015, and, in  the   event   of   such   deposit,   the   appeal   of   the  petitioners may be heard on merits.

8. On   the   other   hand,   Mr.Punit   B.Juneja,   learned  advocate, who has appeared for the respondent­ Bank, on caveat, submits that the conduct of the  petitioners is required to be seen. Earlier, a  Page 5 of 9 HC-NIC Page 5 of 9 Created On Tue Sep 01 01:13:45 IST 2015 C/SCA/13912/2015 ORDER One­Time Settlement was entered into between the  petitioners and the respondent­Bank in which, a  payment   schedule   had   been   indicated.   However,  against the total outstanding of over rupees six  crores   at   that   point   of   time,   the   petitioners  paid only an amount of Rs.5,000/­ (Rupees five  thousand   only).   It   is   further,   submitted   that  the   respondent­Bank   has   incurred   expenses   for  police   protection   during   the   proceedings   under  Section   14   of   the   SARFAESI   Act,   and   if   the  taking over of possession is deferred, further  expenditure would be incurred by the Bank.

9. Learned   advocate   for   the   petitioners,   states  upon instructions, that the expenditure incurred  by   the   respondent­Bank   for   police   protection  would be made good by the petitioners.

10. Although   a   copy   of   the   order   of   the   DRAT,  Mumbai, rejecting the appeal of the petitioners  has not been produced by either of the parties,  it   is   stated   by   the   learned   advocate   for   the  respondent­Bank that the order dated 16.04.2015,  which is an interim order, initially challenged  Page 6 of 9 HC-NIC Page 6 of 9 Created On Tue Sep 01 01:13:45 IST 2015 C/SCA/13912/2015 ORDER in the petition, is self­evident, inasmuch as it  is mentioned in the said order that the amount  of   Rs.2,88,00,000/­   (Rupees   two   crores   eighty  eight lakhs only), would have to be paid by the  petitioners within the period of time stipulated  in the said order and, as this has not been done  by   the   petitioners,   the   appeal   has   been  dismissed. 

11. Learned   advocate   for   the   petitioners   submits  that   some   time   may   be   granted   in   order   to  produce a copy of the order passed by the DRAT,  Mumbai, dismissing the appeal, as the said order  has been challenged by the petitioners by way of  the Draft Amendment. As, it is stated on behalf  of the petitioners that the said order has not  yet been signed by the DRAT, Mumbai,  this Court  is   of   the   view   that   the   interest   of   justice  would demand that an opportunity to produce and  challenge the said order, which was pronounced  in   the   open   Court   as   per   the   information  supplied   by   the   learned   advocate   for   the  respondent­Bank, ought not to be denied to the  petitioners.     To  this  end, the  hearing of the  Page 7 of 9 HC-NIC Page 7 of 9 Created On Tue Sep 01 01:13:45 IST 2015 C/SCA/13912/2015 ORDER petition   is   adjourned   with   the   hope   that   the  order   of   the   DRAT,   Mumbai,   would   have   been  signed by then, and produced before this Court.  Hence, the following order is passed:

Issue Notice returnable on 03.09.2015.
The respondents shall not take over the  possession   of   the   property   of   the  petitioners, till then.
Ms.Shruti   Pathak,   learned   Assistant  Government   Pleader,   waives   service   of  Notice   for   respondents   Nos.1   and   2. 
Mr.Punit   B.Juneja,   learned   advocate,  waives service of Notice for respondent  No.3.

12. Learned   advocate   for   the   respondent­Bank   may  indicate,   on   the   next   date   of   hearing,   the  expenses   incurred   by   the   Bank   for   police  protection so that the petitioners can be asked  to pay the said amount.

13. Direct   Service   of   this   order,   today,   is  permitted.

Page 8 of 9 HC-NIC Page 8 of 9 Created On Tue Sep 01 01:13:45 IST 2015 C/SCA/13912/2015 ORDER (SMT. ABHILASHA KUMARI, J.) sunil Page 9 of 9 HC-NIC Page 9 of 9 Created On Tue Sep 01 01:13:45 IST 2015