Order 11

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: OMP (I) (COMM) No. 483/23
Mahavir Transmission Ltd.
Vs.
M/s Vspl Energy Pvt. Ltd. & Ors.
05.02.2024
Present: Sh. Harshit Agarwal, counsel for the petitioner.
(Joined through VC)
Sh. Shubham Mishra, counsel for the respondent
No.1 and 3 to 6. (Joined through VC)
Ms. Snigdha Ganguly, Proxy counsel for respondent
No.2.
Matter is listed for report regarding payment of the
last and final installment of settled amount, in terms of settlement
given by the AR of respondent No.1 on 18.10.2023.
Counsel for petitioner submits that the cheque issued
by respondent has again been returned back dishonoured and that
in the morning a sum of Rs.10 lakh was received from
respondent no.1, 3 to 6 and that remaining amount of
Rs.20,83,246.75 still remains payable by respondent no.1.
Counsel for petitioner further submits that out of the
four post-dated cheques handed over by AR of respondent no.1
on 18.10.2023, three cheques have been dishonoured and that
respondent no.1 has scant regard for undertaking given in the
Court.
File perused. Submission found to be correct.
Considering the repeated defaults by respondent
no.1 despite undertaking given in the Court, respondent no.1
burdened with cost of Rs.20,000/- to be deposited with DLSA,
Central District.
Contd...2/-
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Respondent no.1 to clear the balance amount of
Rs.20,83,246.76 towards the balance settled amount and report in
this regard be submitted before the Court on 08.02.2024. Receipt
of deposit of cost be also produced on said date.
(Illa Rawat)
District Judge (Commercial Court-03)
Central/ THC/ Delhi.
05.02.2024
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