By various letters, the respondent Company requested the appellant Bank to return the Security documents and issuance of No Objection Certificate in short NOC and No Due Certificate in short NDC .
485 of 2009 directing the appellant Bank to return forthwith the title deeds deposited by M s Devi Ispat Ltd., the Respondent Company herein.
On 25.02.2009, the appellant Bank received an Internal Audit Report in respect of the fraud perpetrated in the accounts of M s Rajco Steel Enterprises and M s Kali International Pvt.
Heard Mr. Mukul Rohtagi, learned senior companynsel for the appellant Bank and Mr. C.A. Sundaram, learned senior companynsel for the respondent Company.
15 crores to the respondent Company which the appellant Bank had encashed and appropriated in lieu of the outstanding balances lying against the respondent Company.
On 06.05.2009, the respondent Company requested the appellant Bank to handover the original title deeds of its factory premises and all the companylateral securities held by it as against the Company as well as from Mr. Nirmal Kumar Mandhani, Director of the Company respondent No.2 herein to the State Bank of India, Chowringhee Branch, Kolkata to whom they had transferred their account.
Since the very inception of the respondent Company, it has been banking with the appellant Bank and availing various credit facilities like Term Loan, Working Capital Demand Loan, Cash Credit and Letter of Credit facility.
It is against this order of the Appellate Bench of the Calcutta High Court, the appellants therein filed an appeal before this Court by way of special leave.
By order dated 24.08.2009, the learned single Judge of the High companyrt allowed the writ petition and directed the appellant Bank to release the security documents.
485 of 2009 before the High Court at Calcutta.
On 09.05.2009, the State Bank of India issued a Bankers cheque of Rs.
2441 of 2009.
Challenging the said judgment, the appellant Bank filed an appeal before the Division Bench of the High Court being G.A. No.
On 12.01.2009, the appellant Bank sent the Credit Information Report of the respondent Company to its new Banker, namely, the State Bank of India.
11505 of 2010 is directed against the final judgment and order dated 05.04.2010 passed by the High Court at Calcutta in G.A. No.
Sathasivam, J. Leave granted.
This appeal arising out of SLP C No.
Aggrieved by the said order, the appellant Bank has preferred this appeal by way of special leave.
On 29.05.2009, the respondent Company filed W.P. No.
By order dated 05.04.2010, the High Court dismissed the appeal filed by the appellant herein.
Brief facts Respondent No.1 is a Company incorporated under the name and style of M s Devi Ispat Ltd. The Respondent Company carries on the business of manufacturing and trading in ingots and various other types of steel and for the said purpose requires financial support from the financial institutions like the appellant Bank.
