High Court of DelhiCS(OS)/2050/2011

International Trenchi8ng Pvt. Ltd. v. Ideb Projects (P) Ltd.

2015-09-23Hon'Ble Mr. Justice Manmohan Singh2 pages

$-42 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CS(OS) 2050/2011 and I.A. Nos.4365/2012, 15145/2012, 4428/2014, 4429/2014 & O.A No.32/20 14 INTERNATIONAL TRENCHING PVT. LTD. .....Plaintiff Through Mr.Atul Kumar, Adv with Mr.Girish Chandra, Adv.

versus IDEB PROJECTS (P) LTD.

Defendant Through Mr. Amit Sharma, Adv. along with Mr.S.D. Awasthi, Vice President of defendant present in person.

CORAM:

HON'BLE MR. JUSTICE MANMOHAN SINGH

ORDER

% 23.09.2015 The plaintiff filed the suit under Order XXXVII CPC for the recovery ofRs.36,81,000/-. The defendant does not dispute having received a sum of I Rs.21,78,000/- from the plaintiff. On the last date, he has raised objection about the territorial jurisdiction, although it was admitted by the defendant before the Court that the defendant has issued the allotment letter from Delhi. On that date, the proposal was given by the defendant to pay the principal amount. Today when the matter is taken up, the Vice President of the defendant-Company is present before Court and he undertakes to pay the said amount within four weeks. He submits that in case the defendant is not in a position to pay the said amount within the said period, as the Company By:AMULYA

V'A' ^ is suffering from money crunch, the same shall be paid within six months from today in six monthly installments and in that eventuality, the defendant shall also pay the interest @ 4% per annum from the date of the filing of the suit till the date of the payment.

The Director of the plaintiff-Company, who is also present in Court, is agreeable to the statement made by the Vice President of the defendantCompany before Court. The suit is accordingly disposed of in view of the statement made on behalf of the defendant who shall comply strictly the said 1I arrangement and in case the defendant shall not adhere to the statement made in the Court, the plaintiff would be entitled to a decree for the entire amount as claimed. Pending applications also stand disposed of so as the Chamber Appeal.

Dasti.

A "H SEPTEMBER 23, 2015/vp V