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Indusind Bank Limited vs Dilip Choudhury And Anr
2025 Latest Caselaw 2842 Cal/2

Citation : 2025 Latest Caselaw 2842 Cal/2
Judgement Date : 24 October, 2025

Calcutta High Court

Indusind Bank Limited vs Dilip Choudhury And Anr on 24 October, 2025

Author: Shampa Sarkar
Bench: Shampa Sarkar
OCD 2 to 12
                            ORDER SHEET
                   IN THE HIGH COURT AT CALCUTTA
                        COMMERCIAL DIVISION
                            ORIGINAL SIDE


                            EC-COM/41/2024
     IA NO: GA/2/2019(Old No:GA/1843/2019), GA/3/2023, GA/4/2023,
              GA/5/2023, GA-COM/6/2024, GA-COM/7/2024
                        INDUSIND BANK LIMITED
                                  VS
                      DILIP CHOUDHURY AND ANR.


                             EC/1096/2015
                           IA NO: GA/1/2024
                       INDUSIND BANK LIMITED
                                   VS
                       DILIP CHOUDHURY & ANR.

                             EC/1100/2015
                           IA NO: GA/1/2024
                       INDUSIND BANK LIMITED
                                   VS
                       DILIP CHOUDHURY & ANR.

                             EC/1101/2015
                           IA NO: GA/1/2024
                       INDUSIND BANK LIMITED
                                   VS
                       DILIP CHOUDHURY & ANR.

                             EC/1102/2015
                           IA NO: GA/1/2024
                       INDUSIND BANK LIMITED
                                   VS
                       DILIP CHOUDHURY & ANR.

                             EC/1103/2015
                           IA NO: GA/1/2024
                       INDUSIND BANK LIMITED
                                   VS
                       DILIP CHOUDHURY & ANR.
                               2

                         EC/1104/2015
                       IA NO: GA/1/2024
                   INDUSIND BANK LIMITED
                               VS
                   DILIP CHOUDHURY & ANR.

                         EC/1105/2015
                       IA NO: GA/1/2024
                   INDUSIND BANK LIMITED
                               VS
                   DILIP CHOUDHURY & ANR.

                         EC/1106/2015
                       IA NO: GA/1/2024
                   INDUSIND BANK LIMITED
                               VS
                   DILIP CHOUDHURY & ANR.

                         EC/1107/2015
                       IA NO: GA/1/2024
                   INDUSIND BANK LIMITED
                               VS
                   DILIP CHOUDHURY & ANR.


                         EC/1108/2015
                       IA NO: GA/1/2024
                   INDUSIND BANK LIMITED
                               VS
                   DILIP CHOUDHURY & ANR.



BEFORE:
The Hon'ble JUSTICE SHAMPA SARKAR

Date: 24th October, 2025.

Appearance:

Mr. Pratip Mukherjee, Adv. Mr. Sayak Ranjan Ganguly, Adv.

Ms. Srijani Ghosh, Adv.

Ms. Indrani Majumdar, Adv.

. . .for the petitioner.

Mr. Souri Ghosal, Adv.

. . .for the judgment debtor.

The Court:

RE: GA 5 of 2023 in EC-COM 41 of 2024:

GA 5 of 2023 filed in EC-COM 41 of 2024, is an application for

modification of the order passed by my predecessor judge dated March 28, 2023.

An arrangement was made by his Lordship towards liquidation of the entire

awarded sum. The order dated 28th March, 2023, was passed compositely, in

respect of all the execution cases stated herein above. This composite order was

passed for payment in respect of the awards which were sought to be executed by

filing the above applications. The ordering portion is quoted below:

"Upon hearing the arguments of both the parties, I am of the view

that the above payment of Rs.1,25,55,000/- should be made in the

following manner by the award-debtor to the award-holder:-

(a) An upfront payment of Rs.20.55 lakhs be made within a period of

21 days from date.

(b) The balance payment be made by way of instalments of Rs.5

lakhs each for 21 months.

(c) In the event of any default, the award-holder shall be at liberty to

pursue his entire claim as per the execution application.

(d) In the event of failure, the award-holder shall be at liberty to

mention the matter before this Court for issuance of warrant of

arrest especially keeping in mind that the award in this particular

case was passed in the year 2015 and the award-holder has not

been able to enjoy the fruits of the award because of the

inordinate delay in payments by the award-debtor.

The matter is made returnable four weeks hence."

It is urged by the award holder that the amount as directed by his Lordship

has not been paid and the last payment was made in May, 2024. A chart has

been handed over to the Court indicating the dates and manner of payment.

Accordingly, it is prayed that warrant be issued against the award debtor for

failure to comply with the order of the Court. Other consequential prayers have

also been made, for a direction calling upon the award debtors to show cause

why they should not be sent to civil prison.

Upon perusal of the documents, this Court finds that the award debtor has

not only failed to comply with the order of Court, but also maintained an

inexplicable silence with regard to the compliance and payment. Even if the

award debtors were in difficulty, the award debtors should have offered the sum

that was available with them, instead of stopping the payment since June, 2024.

Under such circumstances, the prayer for modification of the order is not

considered at this stage and GA 5 of 2023 is disposed of with a direction upon

the award debtor to pay a sum of Rs. 10 lakhs within November 13, 2025 out of

the total outstanding dues which is more than Rs. 1 crore. Failing such

payment, not only warrant of arrest will be issued but also orders of attachment

of the assets shall be passed on the next date.

Mr. Dilip Chowdhury, award debtor no.1 should be present in Court for

examination on 14th November, 2025 at 10.30 a.m.

GA 5 of 2023 is accordingly disposed of.

RE: GA 3 of 2023 and GA 4 of 2023 in EC-COM 41 of 2024:

GA 3 of 2023 and GA 4 of 2023, filed in connection with EC-COM 41 of

2024, have become infructuous and are accordingly disposed of.

RE: GA-COM 7 of 2024 in EC-COM 41 of 2024:

GA-COM 7 of 2024 filed in connection with EC-COM 41 of 2024, is an

application for a direction upon the award debtors to show cause as to why they

shall not be sent to civil prison for deliberate violation of the order passed by this

Court dated March 28, 2023.

In view of the order passed today and the mandatory direction upon the

judgment debtors to pay a sum of Rs.10 lakhs within November 13, 2025, this

application is disposed of at this stage, granting liberty to the petitioner to make

proper prayers in case of further non-compliance.

(SHAMPA SARKAR, J.) SP/

 
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