HC allows Daiichi to withdraw Rs 20.5 crore deposited with court

"The court fails to comprehend how IHFL could have felt emboldened to seek a reopening of issues which stood lent a quietus by the orders of the Supreme Court. IHFL clearly appears to have sought to reassert a right which stood quashed by the Supreme Court.

"The court also notes that the objections raised by IHFL not only proceeded along lines identical to those which were urged before the Supreme Court, it was also based on the same evidence and material. The court is thus of the firm view that its objections are in clear abuse of the process of court," Justice Varma said and imposed a cost of Rs 10 lakh on IHFL.