Order 12

Order Details: COPY OF ORDER
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2 Execution(Comm.) 140/24
PANJAB NATIONAL BANK Vs. Prince Babbar M/S. ROYAL
BABBAR JEWWLLERS
05.03.2025
Present : Sh. Devender Saran Saxena, Ld. Counsel for the Decree Holder.
Sh.Rahul Bhagat, Ld. Counsel for the Judgment Debtor.
JD has appeared through VC.
The matter is fixed for apprising to the court regarding the payment of
total settled amount and also for consideration on the application filed by the JD for
waiving of the cost. Today, Ld. Counsel for the Judgment Debtor has submitted
Rs.80,000/- have been paid by the JD to the DH and JD could not arrange the
remaining amount so, yesterday the JD had filed an application in the DH bank for
seeking three months more time to pay the remaining settled amount. Ld. Counsel for
the Decree Holder has filed the copy of the said application filed by the JD in the DH
bank yesterday. Ld. Counsel for the Decree Holder has submitted that he will call the
competent official of the DH bank for making statement regarding this application.
He has also submitted that he does not have any written document regarding the
extension of time, if any, granted by the DH bank to the JD for making of the
settlement payment amount. Ld. Counsel for the Judgment Debtor has submitted that
the matter may be adjourned for three months. But as there is no proof filed by the
Ld. counsels for any of the parties regarding extension of time, if any, for payment of
the settled amount, so, the matter can not be adjourned for three months as earlier the
JD had sought time to pay the settled amount till 02.03.2025. Therefore, the matter
stands adjourned for personal appearance of the competent official of DH bank and
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JD and also for consideration on the application filed by the JD for waiving of the
cost.
To come up on 19.03.2025.
(PAWAN KUMAR MATTO)
DISTRICT JUDGE
(COMMERCIAL COURT)-04,
SHAHDARA, KKD,
Delhi/05.03.2025
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