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2019 (12) TMI 1649

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..... AYANAN, J., Notice of motion returnable on 21.01.2020. Private notices are also permitted. 2. The learned counsel appearing for the petitioner has drawn the attention of this Court to the paragraph no. 3 (R) and (S) of the affidavit and would submit that a total sum of Rs. 13,60,16,984/- had been paid ever since the classification of the loan account as Non Performing Assets and it includes the .....

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..... porate Debtor (petitioner) is still liable to pay the financial creditor for a sum of Rs. 61,51,686.85/- and took further stand that the order of DRT is totally erroneous and the financial creditor (Bank) is entitled to recover the entire advances made to the Corporate Debtor together with contractual rate of interest. 4. The learned counsel appearing for the petitioner further invited the attent .....

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..... e properties of the petitioner Company, which may result in irreparable loss and grave hardship to him and balance of convenience as on today lies in favour of the petitioner. Hence there shall be an order of adinterim injunction, as prayed for till 21.01.2020. However it is made clear that till the disposal of the writ petition, the writ petitioners shall not create any third party rights in resp .....

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