Final Order 5

Order Details: COPY OF ORDER
Pdf Text: EX No. 1008/23
Vatech Co Ltd Vs Unicorn
14.03.2024
Present: Sh. Samrat Singh Kang Ld Counsel for the DH.
Ms. Bulbul Yadav Ld Counsel for JD (through VC)
It is jointly submitted by the parties that the Hon'ble High Court of
Delhi has been pleased to pass order dt 29.02.2024 in Ex P No 46/2023 whereby
the aspect of deduction of TDS has been settled to be not deductible from the
judgment debt.
In view of the same, the attached amount to the tune of Rs 10,99,850/-
is not subject to any deduction on account of TDS.
Accordingly, the parties jointly submit that there is no impediment in
releasing the attached amount received by the court in the form of demand drafts
pursuant to execution of warrants of attachment on the bank account of the JD.
Accordingly, let the amount received by the court and deposited in the
form of FDR with SBI, Tis Hazari Court Complex, Delhi be released to the DH
alongwith the interest accrued thereon subject to due acknowledgement. Ld
Counsel for the DH is directed to provide the bank account details of the DH in
which the said amount has to be transferred.
On furnishing the same, let the same be released in the bank account of
the DH. Ld Counsel for the DH submits that after receiving the said amount the
present execution stands satisfied and may be disposed of as satisfied.
At this stage, Ld Counsel for the DH has filed the details of the bank
account of the DH which is as follows:
Vatech Co. Ltd
Account No: 185-029204-56-00011
Bank Name: Industrial Bank of Korea, Hogyedong Branch
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Swift Code: IBKOKRSEXXX
Bank Address : 92, LS-RO, Dongan-GU, Anyang-SI, Gyeonggi-DO,
Korea.
Bank Tel: +82314795000
Separate statement of Ld Counsel for the DH has been recorded to this
effect.
In view of the same, the present execution petition is disposed of as
satisfied.
File be consigned to record room after due compliance.
(Sachin Sood)
ADJ-01 (Central)
THC, Delhi/14.03.2024
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