L AND T FINANCE LTD vs STATE OF NCT OF DELHI & ORS.

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on: 04.08.2025 + CRL.M.C. 371/2025 & CRL.M.A. 1796/2025 L AND T FINANCE LTD. .....Petitioner Through: Mr. Rajiv Nayar and Mr. Dayan Krishnan, Senior Advocates with Mr. Amit K. Mishra, Ms. Mitakshara Goyal, Mr. Akshat Hansaria, Ms.Shreya Nair, Mr. Aryan Tikoo, Ms.Manjira and Mr. Sreedhar, Advocates versus STATE OF NCT OF DELHI & ORS. .....Respondents Through: Mr. Manoj Pant, APP for the State with Ms. Puja Mann, Advocate and SI Lakhan. Mr. Tanvir Ahmed Mir, Senior Advocate with Mr. Tanvir Nayar, Ms. Archana Singh, Mr. Samar Khan, Mr. Abhishek Bakshi, Mr. Yash Datt, Mr. Yagyesh Kumar and Ms. Yashodhara, Advocates for R-2 to 5 Mr. Vikas Pahwa, Senior Advocate with Mr. Kamaljeet Singh, Mr. Vaibhav Khanna and Ms. Sanskriti Gupta, Advocates for R-9. + CRL.M.C. 426/2025 & CRL.M.A. 2082/2025 Signature Not Verified CRL.M.C. 371/2025 & connected matter Page 1 of 21 Digitally Signed By:ZEENAT PRAVEEN Signing Date:04.08.2025 18:51:39 EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED .....Petitioner Through: Mr. Vikas Pahwa, Senior Advocate with Mr. Kamaljeet Singh, Mr. Vaibhav Khanna and Ms. Sanskriti Gupta, Advocates. versus STATE OF NCT OF DELHI & ORS. .....Respondents Through: Mr. Manoj Pant, APP for the State with Ms. Puja Mann, Advocate and SI Lakhan Mr. Tanvir Ahmed Mir, Senior Advocate with Mr. Tanvir Nayar, Ms. Archana Singh, Mr. Samar Khan, Mr. Abhishek Bakshi, Mr. Yash Datt, Mr. Yagyesh Kumar and Ms. Yashodhara, Advocates for R-2 to 5. CORAM: HON’BLE DR. JUSTICE SWARANA KANTA SHARMA JUDGMENT DR. SWARANA KANTA SHARMA, J 1. Since both these petitions arise from similar factual backgrounds, and assail the same order, they were heard together and are being disposed of by this common judgment. 2. By way of these tw