2015 (10) TMI 2795 - HC - Companies Law

Grant of unconditional leave to defend the suit - direction to comply with unconditional leave to defend the suit, not complied with - HELD THAT - In view of non-deposit, the plaintiff is entitled to have the suit decreed in its favour. The plaintiff has already filed the documents which were admitted in evidence and taken on record on 1st October, 2015.

Summary

The High Court of Bombay ruled in favor of the plaintiff as the defendant failed to comply with the order to deposit a sum of Rs. 5,92,76,586 within 4 weeks. The plaintiff was granted the suit decree as the defendant had no defense to the claim.