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2025 DAILYLAW 57946 (CAL)

M/S UGRO CAPITAL LIMITED v. ITAL TECH AND ANR

AP-COM/932/2024 · 2025-03-03

Shampa Sarkar

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

OCD-4 AP-COM/932/2024 IN THE HIGH COURT AT CALCUTTA ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL DIVISON M/S UGRO CAPITAL LIMITED VS ITAL TECH AND ANR BEFORE: The Hon'ble JUSTICE SHAMPA SARKAR Date : 21st April, 2025. Appearance: Mr. Paritosh Sinha, Adv. Mr. K.K. Pandey, Adv. Ms. Pooja Sett, Adv. Ms. Mallika Bothra, Adv. . . .for the petitioner. The Court: The matter was mentioned for modification of the earlier order. It is submitted by Mr. Sinha that the matter has been settled as per the terms of settlement dated April 2, 2025. By orders dated January 6, 2025 and March 3, 2025 this Court had directed three bank accounts of the respondents, namely, Union Bank, Bank of India and ICICI Bank to be marked as ‘debit freeze’ thereby restraining the respondents from withdrawing any money from those bank accounts without keeping aside a sum of Rs.52,83,492/-. It is submitted by Mr. Sinha that the money has already been paid as per the terms of settlement and as such the interim order passed in AP COM 932 of 2024 should be vacated. 2 Accordingly, the order of injunction restraining the respondents from operating the bank accounts, is vacated upon recording final settlement of the issues as per the terms of settlement. The terms of settlement is kept on record. (SHAMPA SARKAR, J.) sp/