Fresh bailable warrants issued against MD Jayashree Advertising Mumbai

Excelsior Correspondent

JAMMU, July 29: Additional District Judge (Commercial Court) Jammu Kamlesh Pandit has issued fresh bailable warrants in the amount of Rs 25,000 for the appearance of judgment debator—Managing Director of M/s Jayashree Advertising Pvt Ltd Mumbai Deepak Kanojia towards the satisfaction of the decree.
After hearing Advocate Inderjeet Gupta and Advocate Yatin Mahajan for decree holder—Airport Authority of India and Advocate Rajiv K Sharma for judgment debtor, the court said, “in this execution petition decree holder is craving for the recovery of the awarded amount to the extent of Rs 96,09,563”, adding “in this case implementation of the award/decree was deferred on so many hearings because of the alleged negotiation/settlement communication between the decree holder and judgment debtor but no fruitful result has been yielded till date”.
“In view of the nature and age of the instant execution petition, on the last date of hearing bailable warrants were issued as coercive methods towards the satisfaction of the decree. No report has been submitted by the executing agency”, the court said, adding “the office is again directed to issue fresh bailable warrants in the amount of Rs 25,000 for the appearance of judgment debtor towards the satisfaction of the decree”.
The warrants should be forwarded to the Commissioner of Police Mumbai for execution, the court directed.