2022 (3) TMI 1599

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....ondent : Mr. Ravi Prakash, CGSC with Ms.Shruti Shivkumar, Advocate for respondent/ UOI., Mr. Amit Mahajan, CGSC. Mr. Amit Mahajan, CGSC with Mr.Kritagya Kumar Kait, Advocate for respondent/ ED., Mr. Amit Singh Chadha, Senior Advocate with Ms. Sonakshi, Advocate for respondent R-13/ IIFL., Mr. Ruchir Bhatia and Mr. Shlok Chandra, Advocates for respondent/ IT Department., Mr. Karunesh Tandon and Mr.....

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....LLEGAL MEANS. (iii) APPROPRIATE WRIT WITH REQUIRED DIRECTIONS TO THE RESPONDENTS NO.1 TO 7 TO TAKE IMMEDIATE ACTION, AS CONTEMPLATED UNDER LAW, AGAINST ERRING PERSONS / OFFICIALS / OFFICERS / PUBLIC SERVANTS ETC WHO CONNIVED IN THE ABOVE MENTIONED FRAUDULENT TRANSACTIONS." 2. The aforesaid reliefs have been sought in relation to the advancement of loan by respondent No. 13/ Financial Institutio....

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....1.2020 passed by the Debts Recovery Tribunal - II, Delhi in S. A. No. 175/2018 . The challenge to the same auction sale of the mortgaged asset at the behest of the borrowers has already failed. 6. Firstly, we fail to appreciate as to how the petitioner can raise any grievance in relation to the said sale transaction, which has been undertaken through a public sale. The petitioner's submission t....

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....p by them. Though the prayers made in the writ petition seek to assail the loan transaction by which loans were advanced to the said borrowers, the submissions of the petitioner relate to the manner in which the Financial Institution has sought to make recovery of a part of the loaned amount by publicly auctioning the asset of the borrowers which was mortgaged to secure the loan. 9. After advan....