2002 (10) TMI 414

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..... epts notice on behalf of ICICI Bank, L.I.C. of India and Indus Ind Bank Ltd. Mr. S.N. Terdol, the learned counsel, accepts notice on behalf of the Union of India. They do not propose to file any counter affidavit therefore, proceed to decide the matter in the absence of any counter affidavit. The transfer petitions are allowed.
V.N. KHARE, ASHOK BHAN AND ARUN KUMAR, JJ. Kapil Sibal, Sunil Kuma .....

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..... to usual mode of service. Notice shall indicate that the bank may file counter affidavit within two weeks from the date of the receipt of such notice. 3. Issue notice on prayer for interim relief also. 4. Meanwhile, it would be open to the secured creditors to proceed against the borrowers under sub-clauses (2) and (4) of clause 13 of the Securitisation and Reconstruction of Financial Assets an .....

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..... 002 8. Issue notice. 9. Mr. Bharat Sangal, the learned counsel, accepts notice on behalf of IDBI. Mrs. P.S. Shroff, the learned counsel, accepts notice on behalf of ICICI Bank, L.I.C. of India and Indus Ind Bank Ltd. Mr. S.N. Terdol, the learned counsel, accepts notice on behalf of the Union of India. They do not propose to file any counter affidavit. We, therefore, proceed to decide the matter .....

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