Kakade Construction Company Pvt. Ltd. ... vs Vistra Itcl (I) Ltd. Formerly Known As Il ...
Judges (2)
Case Significance
Kakade Construction Company Pvt. Ltd. ... vs Vistra Itcl (I) Ltd. Formerly Kn... is a Bombay High Court decision dated December 14, 2024 (citation: ik-47925191). Three connected commercial appeals by Kakade Construction and Usha Kakade challenged execution proceedings related to IL&FS Realty Fund investments and an arbitral award. The Division Bench dismissed the appeals as not maintainable, finding the appellants consumed excessive judicial time by repeating identical arguments on maintainability across multiple forums. Costs of Rs.20 lakhs were imposed — Rs.10 lakhs to the respondents and Rs.10 lakhs to the Maharashtra State Legal Services Authority The bench comprised Justices Jitendra Jain and M.S. Sonak. The judgment was delivered by Justice M.S. Sonak.
Summary
Three connected commercial appeals by Kakade Construction and Usha Kakade challenged execution proceedings related to IL&FS Realty Fund investments and an arbitral award. The Division Bench dismissed the appeals as not maintainable, finding the appellants consumed excessive judicial time by repeating identical arguments on maintainability across multiple forums. Costs of Rs.20 lakhs were imposed — Rs.10 lakhs to the respondents and Rs.10 lakhs to the Maharashtra State Legal Services Authority.
What was the outcome of Kakade Construction Company Pvt. Ltd. ... vs Vistra Itcl (I) Ltd. Formerly Kn...?
Three connected commercial appeals by Kakade Construction and Usha Kakade challenged execution proceedings related to IL&FS Realty Fund investments and an arbitral award. The Division Bench dismissed ...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-47925191)