Content Provider | Supreme Court of India |
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e-ISSN | 30484839 |
Language | English |
Access Restriction | NDLI |
Subject Keyword | Contempt of Court: |
Content Type | Text |
Resource Type | Law Judgement |
Jurisdiction | India |
Case Type | Special Leave Petition |
Court | Supreme Court of India |
Disposal Nature | Others |
Headnote | Contempt of Court:Application before Debt Recovery Tribunal (DRT) - Seeking recovery of thousands of crores of rupees - Filed by consortium of Banks - Against the Respondents debtors/Guarantors - Respondent Nos. 10 and 11 had disclosed that respondent No. 3 (Guarantor) would be paid a sum of US$ 75 million by respondent No. 10 and 11 out of the said amount, a sum of US $ 40 million would be paid to the Banks immediately (The amount of US$ 40 million was received by respondent No. 3 on 25. 02. 2016) - The Banks moved interlocutory applications before DRT (1) to freeze passport of respondent No. 3 (2) to issue arrest warrant against him (3) to issue garnishee order against respondent Nos. 10 and 11 from disbursing US $ 75 million,,1 (4) and to issue direction to respondent No. 3 to disclose his assets on oath - DRT considered the application only in respect of garnishee order - Banks filed writ petition before High Court aggrieved by non-consideration of the applications by DRT and sought directions to DRT to consider the applications filed by F the Banks - The High Court by its orders dated 3.9.13 and 13.11.13 restrained the concerned respondents, including respondent No. 3 from transferring, alienating, disposing or creating third party rights in respect of properties belonging to them - High Court however refused to pass directions to DRT - Special Leave Petition filed - Respondents offered for settlement - Supreme Court by order dated 7.4.J6 directed respondent No. 3 to disclose his personal assets in order to show his bonafide - Disclosure statement of respondent No. 3 not found sufficient by the Court to show his bonafide - I.A Nos. 9 to 12 of 2016 by the Banks stating that disclosure statement was vague and in violation of the order dated 7.4.16 - Banks also filed |
Judge | Honble Mr. Justice Uday Umesh Lalit |
Neutral Citation | 2017 INSC 462 |
Petitioner | State Bank Of India And Ors. |
Respondent | Kingfisher Airlines Ltd. And Ors. |
SCR | [2017] 3 S.C.R. 487 |
Judgement Date | 2017-05-09 |
Case Number | 6828-6831 |
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