Jan 04, 2024

Standard Chartered Bank (Singapore), DB International (Asia) Ltd, Singapore and Deutsche Investments India Pvt. Ltd before the Hon’ble Punjab & Haryana High Court

AZB & Partners represented Standard Chartered Bank (Singapore), DB International (Asia) Ltd, Singapore and Deutsche Investments India Pvt. Ltd (“Bondholders”) before the Hon’ble Punjab & Haryana High Court and was successful in getting a stay of proceedings filed by M3M India Private Ltd. before the Gurugram Civil Court concerning the security/mortgage created in favour of the Bondholders. The matter involves an interesting interplay of provisions of SARFAESI Act and Code of Civil Procedure, 1908.

Our AZB team comprised of our Partner Parag Maini, Senior Associate Raghav Chadha and Associate Mukund Rawat.

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