1994 (8) TMI 262

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..... 1984, this Court passed a preliminary decree on 2-12-1985, and final decree on 15-1-1987, against Bareja Knipping Fasteners Ltd. (company in liquidation) and three of its directors with costs and interest. In this execution application, the decree-holder has claimed a sum of Rs. 19,07,800 due from the judgment debtors with future interest at 12 per cent. In the execution application, the decree-h .....

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..... ns have been filed by the judgment-debtors under Order 21, rule 23(2) read with section 47 of the Code of Civil Procedure, 1908. It has been averred that property belonging to the companies such as Bareja Industries (P.) Ltd., Bareja Pumps (P.) Ltd. cannot be attached and sold in execution of a decree passed against Bareja Knipping Fasteners Ltd. as these companies and their shareholders are diffe .....

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..... ir assets and the property owned by them. The decree-holder is at liberty to get any property attached for recovery of the decretal amount. This application is disposed of as indicated above." 3. I find force in the objections taken by the respondents. The decree passed against Bareja Knipping Fasteners Ltd., cannot be satisfied by attachment and sale of properties belonging to other limited c .....

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