KOTHARI INDUSTRIAL CORPN. LTD. vs I.C.I.C.I. LTD. . — SLP(C) No. 17992/2005

Summary: SLP(C) No. 17992/2005 - Kothari Industrial Corpn. Ltd. v. ICICI Ltd. Hearing Date: 06/02/2006 Outcome: The Supreme Court disposed of the petition by accepting a joint compromise memo between the parties. The court set aside the Court Auction sale dated 15th February 2005, discharged the Court Receiver (subject to payment of his charges by Kothari Industrial Corporation), and directed refund of the deposited amount to respondent M/s. Prithviraj Infrastructure Pvt.Ltd. within two weeks with accrued interest. Kotak Mahindra Bank Ltd.'s rights as assignee regarding first charge were preserved. The court declined to adjudicate the legal questions raised, deeming them unnecessary given the settlement. This case analysis is maintained by casestatus.in based on publicly available court records.