Pearl Hospitality And Events Pvt. Ltd. v. Oyo Hotels And Homes Pvt. Ltd.

$~O3 * IN THE HIGH COURT OF DELHI AT NEW DELHI + OMP (ENF.) (COMM.) 46/2023 PEARL HOSPITALITY AND EVENTS PVT. LTD.

.....Decree Holder Through:

Mr. Aditya Chauhan, Adv.

versus OYO HOTELS AND HOMES PVT. LTD.

.....Judgement Debtor Through:

Ms. Annie Mittal, Adv.

CORAM:

JOINT REGISTRAR (JUDICIAL) BHAWANI SHARMA

O R D E R

% 02.08.2024 File is placed before this Court vide order dated 07.02.2024 to release the amount in favour of decree holder subject to furnishing the security.

Report from the SDM, Loni is received. The same is gone through. As per which, the total valuation of the property is Rs. 2,11,93,200/-.

It is observed that the amount which is directed to be released is Rs. 03 Crore plus. Hence, being the lesser value of the property, this security cannot be accepted for sound security for release. Learned counsel for decree holder seeks some time to file the response to the present report filed through the SDM, Loni. Heard. Allowed.

Learned counsel for judgement debtor also seeks some time to file the response to the present report filed through the SDM, Loni. Renotify on 03.10.2024.

BHAWANI SHARMA JOINT REGISTRAR (JUDICIAL) AUGUST 2, 2024/yo The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 09/08/2024 at 12:29:14