The appeal was filed against an order dismissing an application regarding the sharing of CIRP costs and parking charges related to the sale of a vehicle in liquidation.
HDFC Bank Ltd. filed an appeal against an order dated January 20, 2023, which dismissed its I.A. No. 2342 of 2020. The core dispute revolved around the sharing of CIRP Cost and Parking Charge for a Mercedes Benz S320 (Car HR70C 5546) that was in the custody of HDFC Bank and subsequently sold during liquidation. HDFC Bank contended that ICICI Bank should share these costs. The Adjudicating Authority, in an order dated September 15, 2022 , had expressed dismay at the conduct of the counsels for both banks, who were litigating over the sale of the Mercedes Benz. It directed the Chief Managers of both HDFC Bank and ICICI Bank to meet and resolve the issue, stating that such matters were not serious enough for the NCLT and were wasting its time. The matter was listed for
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The appeal was filed against an order dismissing an application regarding the sharing of CIRP costs and parking charges related to the sale of a vehicle in liquidation.
HDFC Bank Ltd. filed an appeal against an order dated January 20, 2023, which dismissed its I.A. No. 2342 of 2020. The core dispute revolved around the sharing of CIRP Cost and Parking Charge for a Mercedes Benz S320 (Car HR70C 5546) that was in the custody of HDFC Bank and subsequently sold during liquidation. HDFC Bank contended that ICICI Bank should share these costs. The Adjudicating Authority, in an order dated September 15, 2022 , had expressed dismay at the conduct of the counsels for both banks, who were litigating over the sale of the Mercedes Benz. It directed the Chief Managers of both HDFC Bank and ICICI Bank to meet and resolve the issue, stating that such matters were not serious enough for the NCLT and were wasting its time. The matter was listed for
…The Appellant, HDFC…
The Adjudicating Authority directed the Chief…
Sign in to view related legal provisions.