Som Datt Builders-Ncc-Nec (Jv) v. National Highways Authority Of India

$~53 * IN THE HIGH COURT OF DELHI AT NEW DELHI + OMP (ENF.) (COMM.) 89/2019 SOM DATT BUILDERS-NCC-NEC (JV) .....Decree Holder Through:

Mr Mukesh Kumar and Col. Rakesh Kharb, Advs.

versus NATIONAL HIGHWAYS AUTHORITY OF INDIA .....Judgement Debtor Through:

Mr Balendu Shekhar, Mr Rajkumar Maurya and Mr Krishna Chaitanya, Advs.

CORAM:

HON'BLE MR. JUSTICE JASMEET SINGH

O R D E R

% 06.08.2024 EX.APPL.(OS) 1188/2024 1.

This is an application seeking disposal of the execution petition as per the terms and condition of the settlement arrived between the parties under Vivad se Vishwas - II (Commercial Dispute) Scheme. 2.

As per the settlement, the amount lying deposited with the Registry of this Court to the tune of Rs. 33,89,61,212/- along with accrued interest is to be released to the judgment-debtor. Further, the three bank guarantees amounting to Rs. 86.50 crores are also be released. The details of the bank guarantees are extracted below:

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 13/08/2024 at 12:36:09

3.

In this view of the matter, the Registry of this Court is directed to release an amount of Rs. 33,89,61,212/- along with accrued interest to the judgment-debtor/its nominee. Also, the abovesaid bank guarantees be also released to the decree-holder/its nominee.

4.

With these directions and binding the parties to the terms of the settlement, the execution petition along with the present application are disposed of.

JASMEET SINGH, J AUGUST 6, 2024/sr Click here to check corrigendum, if any 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 13/08/2024 at 12:36:09