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        2024 (6) TMI 1572 - SCH - IBC

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        Issue notice with conditional deposit directions and counter affidavit timeline in a Supreme Court matter. Issue notice was issued by the SC, and the respondent was directed to file a counter affidavit within four weeks. The petitioner was also directed to ...
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Issue notice with conditional deposit directions and counter affidavit timeline in a Supreme Court matter.

                            Issue notice was issued by the SC, and the respondent was directed to file a counter affidavit within four weeks. The petitioner was also directed to deposit the stated amount with the Registry within four weeks and to file an undertaking to deposit an additional stated amount within four weeks after the bank enters appearance. The operative effect is that the matter was kept pending while securing an immediate monetary deposit and a further conditional undertaking from the petitioner.


                            Outcome: Issue notice issued. Counter affidavit to be filed within four weeks. The petitioner was directed to deposit Rs. 13,00,00,000 with the Registry within four weeks and to file an undertaking to deposit an additional Rs. 13,00,00,000 within four weeks after the bank enters appearance.

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