Supreme Court of India · 2016-01-11
HATHIBHAI BULAKHIDAS PVT. LTD. vs TATA CAPITAL FINANCIAL SERVICES LTD.
- Citation / case number
- SC 2015/42628
- Court
- Supreme Court of India
- Petitioner
- HATHIBHAI BULAKHIDAS PVT. LTD.
- Respondent
- TATA CAPITAL FINANCIAL SERVICES LTD.
- Author
- ANIL R. DAVE
- Bench
- ANIL R. DAVE,SHIVA KIRTI SINGH,ADARSH KUMAR GOEL
Judgment text excerpt
The Supreme Court, in Civil Appeal No. 165 of 2016, modified the order of the Bombay High Court, directing the appellant, Hathibhai Bulakhidas Pvt. Ltd., to deposit 50% of the principal amount within eight weeks. The Court held that such a deposit is necessary to ensure compliance with the financial obligations while the appeal is pending. The appeal was partly allowed with no order as to costs.