K.M. Sebastine vs State Bank Of India
2024 Latest Caselaw 27986 Ker

Kerala High Court

K.M. Sebastine vs State Bank Of India on 23 September, 2024

Author: A.Muhamed Mustaque

Bench: A.Muhamed Mustaque

WA No.1433/2024                         1/3

                       IN THE HIGH COURT OF KERALA AT ERNAKULAM
                                       PRESENT
            THE HONOURABLE THE ACTING CHIEF JUSTICE MR. A.MUHAMED MUSTAQUE
                                          &
                          THE HONOURABLE MR. JUSTICE S.MANU
             Monday, the 23rd day of September 2024 / 1st Aswina, 1946
                                WA NO. 1433 OF 2024
       AGAINST JUDGMENT DATED 03.09.2024 IN WP(C) 34745/2023 OF THIS COURT
   APPELLANT(S)/PETITIONER:

          K.M. SEBASTINE, AGED 59 YEARS, S/O. K.T. MICHAEL (LATE), SUSPENDED
          DIRECTOR, M/S. SCHIFFLIES INDIA LTD., PLOT NO. 244, DEVELOPMENT
          PLOTS, KALAMASSERY, KOCHI, PIN - 683109, RESIDING AT 27, ALEXANDER
          GARDENS, SOUTH KALAMASSERY, KDPIA POST, KOCHI-683104, PIN - 683109

     BY ADVS.M/S.T.KRISHNANUNNI (SR.) & R.RAMADAS

   RESPONDENT(S)/RESPONDENTS:

      1. STATE BANK OF INDIA, STRESSED ASSETS MANAGEMENT BRANCH 1, 12TH
         FLOOR, JAWAHAR VYAPAR BHAVAN, STC BUILDING, 1 TOLSTOY MARG, JANPATH,
         NEW DELHI, PIN-110001, REPRESENTED BY ITS DEPUTY GENERAL MANAGER,
         PIN - 110001
      2. THE WILFUL DEFAULTER REVIEW COMMITTEE, REPRESENTED BY ITS CHAIRMAN,
         STATE BANK OF INDIA, WILFUL DEFAULTER IDENTIFICATION COMMITTEE - II,
         CORPORATE CENTRE, MUMBAI, PIN-400021, PIN - 400021
      3. SANJEEV CHAUDHARY, INSOLVENCY PROFESSIONAL, ADVOCATE, REGN.
         NO.IBBI/IPA-001-IP/P/01892/2019-20/12911, 204, RAJKAMAL APARTMENT,
         127-128, KAILASH VIHAR, CITY CENTRE, GWALIOR-474011, PIN - 474011
      4. COMMITTEE OF CREDITORS OF SCHIFFLIES INDIA LTD. (IN CIRP), (CIN;U
         74899 DL1999 PLC101189) UNDER CORPORATE INSOLVENCY RESOLUTION
         PROCESS, AT STATE BANK OF INDIA, SAM BRANCH, 12TH FLOOR, JAWAHAR
         VYAPAR BHAVAN, STC BUILDING, 1 TOLSTOY MARG, JANPATH, NEW
         DELHI-110001, PIN - 110001
      5. WILFUL DEFAULTER IDENTIFICATION COMMITTEE-II, REPRESENTED BY ITS
         CHAIRMAN, STATE BANK OF INDIA, CORPORATE CENTRE, MUMBAI-400021, PIN
         - 400021

        Prayer for interim relief in the Writ Appeal stating that in the
   circumstances stated in the appeal memorandum, the High Court be pleased
   to pass an order staying the operation and all further proceedings
   pursuant to Exts.P20 and P22 orders, pending disposal of this Writ Appeal.

        This Writ Appeal coming on for orders on 23/09/2024 upon perusing
   the appeal memorandum, the court on the same day passed the following:
 WA No.1433/2024                               2/3




                                          ORDER

Admit.

Respondent Nos. 1,2 and 5 entered appearance.

Issue urgent notice to Respondent Nos.3 and 4 by Speed post.

Post on 07/10/2024.

Sd/- A.MUHAMED MUSTAQUE ACTING CHIEF JUSTICE

Sd/- S.MANU JUDGE

23-09-2024 /True Copy/ Assistant Registrar

Exhibit P20 TRUE COPY OF THE ORDER DATED 02.06.2023 ALONG WITH A COVERING LETTER DATED 06.07.2023 Exhibit P22 TRUE COPY OF THE ORDER DATED 22.08.2023 OF THE REVIEW COMMITTEE TOGETHER WITH LETTER DATED 03.10.2023 ISSUED BY THE 1ST RESPONDENT.