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2025 DAILYLAW 7142 (JK)

VALLEY PLASTICS, SIDCO INDUSTRIAL GROWTH CENTRE v. MANAGING DIRECTOR / CEO AND ORS. (JAMMU AND KASHMIR BANK LIMITED)

WP(C)/924/2024 · 2025-04-28

Sanjeev Kumar, Vinod Chatterji Koul

Writ Petition (Civil)body2025

Judgment text

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Serial No. 53 Regular cause list IN THE HIGH COURT OF JAMMU & KASHMIR AND LADAKH AT SRINAGAR WP(C) No. 924/2024 Valley Plastics Sidco Industrial Growth Centre ….. Appellant/petitioner(s) Through: - None V/s Managing Director CEO and Ors. ….. Respondent(s) Through: - Mr. Shafqat Nazir, Advocate CORAM: HON’BLE MR JUSTICE SANJEEV KUMAR, JUDGE HON’BLE MR JUSTICE VINOD CHATTERJI KOUL, JUDGE (ORDER) 28.04.2025 It is submitted by Mr. Shafqat Nazir, learned appearing counsel for the Bank that the petitioner has not complied with the order dated 07.06.2024. This Court, in terms of order dated 07.06.2024, of which reference is made by the learned counsel for the Bank, while taking note of the failure of petitioner to deposit an amount of Rs. 20.00 lacs in compliance to order dated 06.05.2024, vacated the conditional interim direction granted in terms of said order, viz 06.05.2024. Nobody has come present on behalf of the petitioner. It seems that the petitioner, having failed to deposit the amount of Rs. 20.00 lacs in terms of order dated 06.05.2024, has decided not to contest the case. In view of aforesaid, this petition is dismissed for want of prosecution. Interim direction, passed on 06.05.2024 has already been vacated in terms of Mohammad Yaseen Dar I attest to the accuracy and authenticity of this document order dated 07.06.2024, therefore, respondent Bank is free to recover its amount in accordance with law. (VINOD CHATTERJI KOUL) (SANJEEV KUMAR) JUDGE JUDGE SRINAGAR 28.04.2025 “Mohammad Yasin Dar” Mohammad Yaseen Dar I attest to the accuracy and authenticity of this document