The Court in the case emphasized that a compelling reason must be provided, demonstrating how the property would deteriorate Without the Receiver's intervention.
The appellant contested the decision of High Court to appoint a court receiver for the disputed property, a decision previously rejected by the City Civil Court, Borivali.
In the present case, the key issue being whether the mere recording of a prima facie case in favor of the respondent justified the appointment of a receiver.
The bench comprising of Justice PS Narasimha and Justice Manoj Misra was hearing the present matter.
This story is from the November 22, 2024 edition of The Business Guardian.
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This story is from the November 22, 2024 edition of The Business Guardian.
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