STATE BANK OF INDIA vs M/S. P. P. JEWELLERS PRIVATE LIMITED

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on : 04 February 2025 Judgment pronounced on : 11 March 2025 + W.P.(C) 6991/2024, CM APPL. 29092/2024, CM APPL. 46443/2024, CM APPL. 46467/2024 & CM APPL. 72372/2024 STATE BANK OF INDIA .....Petitioner Through: Mr. Ankur Mittal, Mr. Abhay Gupta and Ms. Muskan Jain, Advs. versus M/S. P. P. JEWELLERS PRIVATE LIMITED .....Respondents Through: Mr. Sanjeev Bhandari, Mr. Ravi Data, Mr. Rajesh Sharma, Advs. Ms. Jyoti Taneja, Mr. Shantanu Sharma, Mr. Moksh Tyagi and Ms. Reny Chauhan, Advs. for Intervenors. + W.P.(C) 7017/2024, CM APPL. 29207/2024, CM APPL. 46453/2024, CM APPL. 46461/2024 & CM APPL. 72386/2024 STATE BANK OF INDIA .....Petitioner Through: Mr. Ankur Mittal, Mr. Abhay Gupta and Ms. Muskan Jain, Advs. versus M/S PP JEWELLERS PRIVATE LIMITED .....Respondent Through: Mr. Sanjeev Bhandari, Mr. Ravi Data, Mr. Rajesh Sharma, Advs. W.P.(C) 6991/2024&7017/2024 Page 1 of 13 Signature Not Verified Digitally Signed By:PRAMOD KUMAR VATS Signing Date:11.03.2025 16:03:12 Ms. Jyoti Taneja, Mr. Shantanu Sharma, Mr. Moksh Tyagi and Ms. Reny Chauhan, Advs. for Intervenors. CORAM: HON'BLE MR. JUSTICE DHARMESH SHARMA JUDGMENT DHARMESH SHARMA, J. 1. This common judgment shall adjudicate upon the aforementioned two writ petitions, which raise a common question of law and facts and can be conveniently heard and disposed of together. FACTUAL MATRIX: 2. The petitioner, State Bank of India, is a body corporate constituted under the State Bank of India Act, 1955, having its Corporate Centre at State Bank Bhawan, Madame Cama Road, Nariman Point, Mumbai, and a Local Head Office at 11, Parliament Street, New Delhi, while the respondent, M/s. P.P. Jewellers Pvt. Ltd. is a company incorporated under the Companies Act, 1956, with its re