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Mehta Jaising Builders Llp vs Om Siddhi Ventures And 5 Ors 2022 Latest Caselaw 654 Bom

Judges:

Full Judgement

Bombay High Court Mehta Jaising Builders Llp vs Om Siddhi Ventures And 5 Ors on 18 January, 2022 Bench: B.P. Colabawalla GANESH 11-IA-2815-2021.doc SUBHASH LOKHANDE Digitally signed by IN THE HIGH COURT OF JUDICATURE AT BOMBAY GANESH SUBHASH LOKHANDE Date: 2022.01.18 15:38:38 +0530 ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION INTERIM APPLICATION NO. 2815 OF 2021 IN COMMERCIAL EXECUTION APPLICATION (L) NO. 26113 OF 2021 Mehta Jaising Builders LLP .. Applicant/ Judgment Creditor/ Org. Claimant IN THE MATTER BETWEEN: Mehta Jaising Builders LLP .. Judgment Creditor. Org. Claimant Vs. Om Siddhi Ventures and Ors. .. Judgment Debtors/ Org. Respondents Anoshak Davar a/w. Kausar Banatwala & Neuty Thakker i/b. Tushar Garadia for the Applicant. Mihir Govilkar i/b. Jandeep A. Bhagwat for the Respondents. CORAM :- B.P.COLABAWALLA, J. DATE :- 18th JANUARY, 2022. (THROUGH VIDEO CONFERENCING) P. C.: 1. By order dated 8th December, 2021, this Court had directed the Judgment Debtors to make a full disclosure of assets as more particularly set out in paragraph 5 of the said order. For the sake of Ganesh Lokhande 1/3 11-IA-2815-2021.doc convenience, paragraph 5 is reproduced hereunder: "5. Detailed affidavit to be filed shall include disclosure of all assets of the firm and the partners including Income Tax returns of the firm and partner. Statement of assets movable and immovable held by the partners firms and the partners as well as bank accounts held by each of them, shares, stocks, securities and other moveable items of value shall also be disclosed in this affidavit." 2. It appears that even prior to 8th December, 2021, certain statements were made on behalf of the Judgment Debtors which thereafter turned out to be incorrect and/or false. 3. When the matter is called out today, it has been brought to my attention that despite the aforesaid order dated 8 th December, 2021, full disclosure has not been made by the Judgment Debtors as more particularly set out in paragraph 5 of the order dated 8 th December, 2021. 4. The learned advocate appearing on behalf of the Judgment Debtors submitted that the order has not been complied with because the Judgment Debtors have filed an Appeal from the order dated 8 th December, 2021. I am afraid that this argument cannot justify the Judgment Debtors not complying with the order dated 8 th December, Ganesh Lokhande 2/3 11-IA-2815-2021.doc 2021. Admittedly, there is no stay of the aforesaid order. In fact, the Judgment Debtors have not even filed a praecipe seeking circulation of their Appeal before a Division Bench in the present assignment. 5. In these circumstances, it is directed that the Judgment Debtors shall comply with the directions passed by this Court on 8 th December, 2021 within a period of two weeks from today, failing which this Court may be constrained to take action against the Judgment Debtors under the provisions of Order XXI, Rule - 41 (3) of the Code of Civil Procedure, 1908. 5. Stand over to 1st February, 2022. 6. All parties to act on an authenticated copy of this order digitally signed by the Personal Assistant /Private Secretary/Associate of this Court. (B. P. COLABAWALLA, J.) Ganesh Lokhande 3/3

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