United India Insurance Co. Ltd. v. M/S J.K. Petrochemicals and Anr.

Delhi High Court · 22 Apr 2013 · 2013:DHC:7579-DB
Sanjay Kishan Kaul; Sanjeev Sachdeva
W.P(C) 2561/2013
2013:DHC:7579-DB
civil appeal_dismissed

AI Summary

The Delhi High Court dismissed the writ petition filed by United India Insurance Co. Ltd. for non-maintainability due to availability of an alternative statutory remedy of appeal under Section 20 of the Recovery of Debts Due to Banks & Financial Institutions Act, 1993.

Full Text
Translation output
$-18 HIGH COURT OF DELHI
W.P(C) 2561/2013
UNITED INDIA INSURANCE CO. LTD. Petitioner
Through: Mr. K.L. Nandwani and Mr. Sameet Nandwani, Advocate.
VERSUS
M/S J.K. PETROCHEMICALS AND ANR. Respondents
Through:
CORAM:
HON'BLE MR. JUSTICE SANJAY KISHAN KAUL
HON'BLE MR. JUSTICE SANJEEV SACHDEVA
22.04.2013 CAV No. 367/2013 in W.P (C ) 2561/2013
None has appeared for the Caveator though the caveat is registered and a copy served. The caveat is discharged.
CM No. 4842/2013 (Exemption) in W.P (C ^ 2561/2013
Allowed subject to just exceptions.
W.P (C ) 2561/2013 & CM No. 4841/2013 (stay)
We put to learned counsel for the appellant appearing for the Insurance
Companythat even ifthere is any merit in the contention ofthe petitioner,the petitionermust exercisethe alternative efficaciousremedy availableunder
W.P.(C) No. 2561/2013 Page 1of 2 2013:DHC:7579-DB
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Section 20 of The Recovery of Debts Due to Banks & Financial Institutions
Act, 1992 wherein appeal U/s 20 ofthat Act lies from any order.
Learned counsel for the petitioner agrees to withdraw the writ petition with liberty to avail alternative remedy in accordance with law. Liberty granted.
Petition is dismissed as withdrawn in terms aforesaid.
SANJAY KISHAN KAUL, J.
APRIL 22,2013 SANJEEV SACHDEVA, J. pkv W.P.(C) No. 2561/2013 Page2 of 2
2013:DHC:7579-DB
JUDGMENT