Idbi Trusteeship Services Ltd vs Hubtown Ltd on 15 November, 2016
14. With regard to the question of leave to defend, as noticed, the
court below has observed that the respondent / defendant is entitled to
such leave because triable issues were arising out of the defence sought to
be taken by the petitioners. The principles of law for grant or refusal of
leave to defend has been well settled by the Hon’ble Supreme Court in
IDBI Trusteeship Services Limited vs. Hubtown Limited, (2017) 1 SCC 568.
The relevant portion of the judgement are as follows: