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Il And Fs Financial Services ... vs Anupama Agarwal And 4 Ors
2021 Latest Caselaw 639 Bom

Citation : 2021 Latest Caselaw 639 Bom
Judgement Date : 12 January, 2021

Bombay High Court
Il And Fs Financial Services ... vs Anupama Agarwal And 4 Ors on 12 January, 2021
Bench: N. J. Jamadar
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                                       IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                                           ORDINARY ORIGINAL CIVIL JURISDICTION
                                                IN ITS COMMERCIAL DIVISION

                                             SUMMONS FOR JUDGMENT NO. 21 OF 2019
                                                            IN
                                            COMMERCIAL SUMMARY SUIT NO. 396 OF 2019

                      IL & FS Financial Services Ltd.               .... Plaintiff
                            Vs.
                      1. Anupama Agarwal & Ors.                           ... Defendants

                      Ms. Ankita Agrawal i/b DSK Legal for applicant/plaintiff.

                      None for defendants.
                                                     CORAM : N.J. JAMADAR, J.

DATE : 12th JANUARY 2021

P.C.

1. Heard the learned counsel for the plaintiff. None appeared for the

defendants.

2. By an order dated 26th May 2020, conditional leave to defend the

suit was granted to defendant Nos.1 to 5 subject to deposit of a sum of

Rs.32,94,71,781/- within a period of twelve weeks therefrom.

3. The defendant Nos.1 to 5 did not deposit the said amount within the

Digitally said period, which expired on 18th August 2020. The defendants sought an signed by Shraddha Shraddha K. Talekar K.

Date:

extension of time to deposit the said amount. By an order dated 20 th Talekar 2021.01.12 16:41:38 +0530 August 2020, this Court granted eight weeks' extension from 18 th August

2020 for making deposit of the amount in accordance with the order of

conditional leave dated 26th May 2020. It was further made clear that the

Shraddha Talekar PS 2/3 6-sj-21-2019-comss-396-2019.doc

said extension was granted by way of indulgence and as a last chance, and

that, under no circumstances, request of further extension of time on

behalf of the defendants shall be entertained.

4. The learned counsel for the plaintiff submits that the defendants

have failed to deposit the amount within the extended period as well. A

Non-deposit certificate issued by the Prothonotary and Senior Master of

this Court dated 26th October 2020 is tendered for the perusal of the Court.

5. In the ordinary course, this Court would have directed the plaintiff to

tender the original documents and affidavit in support of the claim for

judgment. However, by order dated 26th May 2020, while granting

conditional leave, this Court had impounded the documents namely, loan

agreement dated 29th December, 2017, the letters of guarantee, dated 29 th

December 2017, and the Pledge Agreement dated 26 th February, 2018, and

directed the Prothonotary and Senior Master to forward those documents

to the Superintendent of Stamps / Collector of Stamps, Mumbai for

adjudication with a further direction to the Adjudicating Authority to

adjudicate the stamp-duty and penalty, if any, within six weeks from the

date of the receipt of the impounded documents. The plaintiff was directed

to pay the amount of stamp-duty along with penalty, if any, to be

adjudicated by the Superintendent of Stamps/Collector of Stamps within

two weeks of receiving the copy of the order.



Shraddha Talekar PS
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6. The learned counsel for the plaintiff submitted that the plaintiff has

been informed about the forwarding of the impounded documents to the

Adjudicating Authority vide communication dated 20th August 2020. The

learned counsel, however, submits that the plaintiff has yet not been

informed about the order, if any, passed by the Adjudicating Authority.

7. In the aforesaid view of the matter, the Prothonotary and Senior

Master is directed to call a report from the Adjudicating Authority as to

whether it has complied with the order of this Court dated 26th May 2020.

8. List the matter on 2nd February 2021.

In the meanwhile, the plaintiff shall file the original

documents, apart from the impounded documents, on which the

plaintiff relies and an affidavit in support of the claim.

[ N.J. JAMADAR, J. ]

Shraddha Talekar PS

 
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