31 Jul 1991
RE MOHAN BHAGWANDAS MURJANI
- Citation
- RE MOHAN BHAGWANDAS MURJANI
- Court
- Court of First Instance
- Case number
- HCB525/1989
The court exercised its discretion to admit and use material from Order 49B/examinations and discovery in the bankruptcy proceedings, found on the evidence that the claimed counterclaims were speculative, lacked sufficient quantum and reasonable probability of success to satisfy s.3(1)(g), and concluded SBI's prohibition order fell within the legitimate scope of s.21B; accordingly Mr Murjani's June motion and B.K. Murjani's application were dismissed and no stay or dismissal of the petition was warranted.