While challenging the order dated 26th April 2013 passed by the Division Bench, learned companynsel submitted that Devi Ispat had numberalternative but to file a writ petition challenging the numberice issued by the Bank on 18th January 2013.
68.5 crores and Devi Ispat sought a further enhancement to Rs.
Accordingly, the appeal filed by Devi Ispat was dismissed on 26th April 2013.
While upholding the view of the learned Single Judge and despite the fact that the representation made by Devi Ispat had been rejected on 2nd April 2013, the Division Bench heard the matter on merits.
This was followed almost immediately thereafter by an intra companyrt appeal filed against the order of the learned Single Judge.
Madan B. Lokur, J. Petitioner No.1 Devi Ispat is engaged in the manufacture and trade of iron and steel products while petitioner number2 is one of its Directors.
This credit facility was enhanced from time to time to Rs.
