LAWS(CAL)-1993-6-14

DERBY TEA AND INDUSTRIES LTD Vs. UCO BANK

Decided On June 22, 1993
DERBY TEA AND INDUSTRIES LTD Appellant
V/S
UCO BANK Respondents

JUDGEMENT

(1.) THIS appeal is directed against the judgment and decree dated April 22, 1993 passed by the Court of the first instance on the basis of admission contained tin the Balance Sheet of the company, being the first appellant.

(2.) SHORTLY stated the facts are that on or about 22nd September 1992 the instant suit was instituted by the respondent UCO Bank for various reliefs. In the said suit an interlocutory application was made, inter alia, praying for the following reliefs :-

(3.) ON 22nd September 1932 an interim order. was made in terms of prayer (a) of the said interlocutory motion. However, on the returnable date. i. e. on 24th September 1992 the said interim order was modified by giving liberty to the first appellant to carry on the day-to-day business.