Case Law Update

Makrand Joshi
Sanuj Bathla & Anr ..... (Petitioners) vs.
Manu Maheshwari & Anr (Respondents). Delhi High Court of Delhi, judgment dated April 12th 2021
Facts of the case
Manu Maheshwari (Respondent) had given a loan of ₹ 52,00,000 @ 24% interest to M/s. Independent Disk Mastering, Private Limited (company) through account payee cheque in the name of the company on the request and persuasion by the directors of the company (petitioners) for smooth functioning of business.
The company could not return it in time, as a result Shri Manu Maheshwari instituted a suit for recovery of ₹ 74,34,446/- against Company and its three Directors in trial court.
Petitioners filed an application under Order I Rule 10 CPC in November 2014, inter alia, seeking deletion of their names from the array of parties on the ground that they were merely.......