o^^ IN THE HON'BLE HIGH COURT OF JUDICATURE CHHATTISGARH AT BILASPUR (C.G.) , -" W.P. No. 43 7 of 2003 ^^ ^ * ^ J^.' ^/^y" / Before Hon'ble Division Bench Kedia Castle Dellon Industries Limited, 42-A, Shakeshphere Sarani, 6-B, Express Tower, Calcutta 700 071, Having its Unit at Village Khapri, <^~ Post Kumhari, District Durg, Chhattisga Through Shri P.C. Chourey, President (Legal Cell), Resident of 15/2, South Tukoganj, District Indore M.P. ^<5? K^ ,<'. ^»' ^. VERSUS Union of India, Through the Secretary, Ministry of Finance, Govemment oflndia, Udyog Bhawan, New Delhi. 2. State Bank of India, Industrial Finance Bank, Sector - 1, Bhilai, ^61II|^:%, / Distt. Durg (Chhattisgarh). A-^^.-,J,^''A / ' ^^.t The Vysya Bank G-35, Connought Circus, NewDelhi - 1. 4. Indusind Bank Limited 201, Gen. Thimmayya Road, (Contautment), Pune. 5. Bank oflndia Bombay Lease Finance Branch, Nandu Mansion, 417, S.V.P. Road, Mumbai. 'a?' -2- w-: 6. Canara Bank Leasing Division, Credit Wings, H.Q. Annex Citi Centre, 2nd Floor, N.R. Junction, Banglore. 7. Indbank Merchant Banking Servtces Ltd. 17th Floor, Maker Tower 'F' Cuffe Parade, Mumbai. 8. Oriental Bank of Commerce 'E' Block, Connought Place, New Delhi - 1. 5th Floor, I.D.B.I. tower, W.T.C. Complex, Bank of Madura Limited Navasari Building, 240, D.N. Road, Mumbai - 400 001. The State of Chhattisgarh, Through Secretary, Department of Finance, Govemment of Chhattisgarh, D.K. Ehawan, Raipur (Chhattisgarh). 7~ WRIT PETITION UNDER ARTICLEJS 226/227 OF THE CONSTITUTION OF INDIA. i.i'1 ^' XI-HC-22 ?5?'siFiRra, 's'atwre, f°«ii'yi< 3ft^?T XR^ •W/;: 455.^;.^. ^^,..!.^,,.^..^..:?;.............^ 200j> nwiai stiHich ^^r 3II$?I'^I RMi*;-aTlJW 5ft<-iN^:^i^T. ^^s^S^^S ^ •^d' sTi^T'TOiiSR'Hlta DIVISIONBENCM: HQN'BI.ESHRIA.S.VENKATACHALA &^NON'BLESHRIFAKHRyE»DIN..t. 29i®6S^^-^^'.^,;/^^''''.;.l,-:^%^,;;;' SI^AbhjsheKSinhacounselfiirthie ShnVinayHarit,Sr.;Standing(^ounsel forrasppndent No.1. ^ j ; ,) Shri R.S. Jaiswal counsel forttisl Foltowing thedecisiontrf ttie Stlpreme MardiaChemlcNtM.Vs,thijtonorindi^<2004AIRSCW2S41» petitkiitsfandsdismissed.'^ However, it i5?madeictrar Siat ijrtiere a secured creditor has takar action ynder SecUon IS^ Reconstruction of Financiaf A?sete a|nd Enforeement of Security Interest Act, 2002 in sucbcases itwoul appeals urider SecUon 17 of the J prescrjbed theref6r,to,be counted withepectfrom today 4]|<<fcf41-l HWfS ^ fS^t •l(a|*il< ^sipgiT an^i MOORTHY,CJ peUSoner, for the Unton ®fIndta, sspondehtNo.2. Court in the matter d! URSCW 2541), thewrit of the Securitisatfon and tl be open to borrowers to fBe )ct within the UmUaCon as Sd/- chief Justice Sd/- Eakhruddin Judge