Bombay High Court
ICICI BANK LTD.versusSHIPPING CORPORATION OF INDIA LTD. AND ANR.
- Decided
- Disposal
- Disposed Off
Holding
The stay of the impugned order is upheld until the final hearing, having been conditioned on the appellant's full deposit of the decretal amount.
Summary
The appellant, ICICI Bank Ltd., filed an interim application seeking a stay of the impugned order in First Appeal No. 537 of 2021. The respondents, Shipping Corporation of India Ltd. and another, opposed the stay. The court noted that the stay had been conditioned on the deposit of the entire decretal amount, which the appellant had complied with. Consequently, the court disposed of the interim application, confirming that the impugned order would remain stayed pending the final hearing. The matter was adjourned for further proceedings, with a re-notice scheduled for 2 December 2026.
Issues considered
- Whether the impugned order should be stayed pending deposit of the decretal amount
Subjects
- stay of order
- interim application
- civil procedure
- deposit of decree amount
- high court
Judgment
1/2 23 FA-537-2021.DOC
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CIVIL APPELLATE JURISDICTION
FIRST APPEAL NO. 537 OF 2021
Digitally
signed by
SAIRAJ
SAIRAJ SANJAY
SANJAY KARANDE ICICI Bank Ltd. … Appellant
KARANDE Date:
2026.09.24
15:25:29
+0530
Vs.
Shipping Corporation of India Ltd. & Another … Respondents
WITH
INTERIM APPLICATION NO. 3264 OF 2021
IN
FIRST APPEAL NO. 537 OF 2021
_______
Mr. Mayur Bhojwani, Ms. Rutvi Soni i/b Manilal Kher Ambalal and Co. for
Appellant-ICICI Bank.
Mr. Satyaprakash Sharma for the Respondent No. 1.
_______
CORAM : ARIF S. DOCTOR, J.
DATE : 23rd SEPTEMBER 2026.
P.C.
First Appeal No. 537 of 2021 :
1. Learned counsel for the parties submit that they have to file a joint
convenience compilation, for this purpose, they have to take inspection and then
prepare joint compilation.
2. Re-notify on 2nd December, 2026.
Sairaj
2/2 23 FA-537-2021.DOC
Interim Application No. 3264 of 2021 :
3. I am informed that this Interim Application is for stay.
4. The impugned order was stayed subject to deposit of entire decretal
amount, that has now been complied with.
5. Accordingly, Interim Application is disposed of and impugned order shall
stand stayed until hearing and final disposal of the case.
(ARIF S. DOCTOR, J.)
Sairaj
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