Sima Hotels And Resorts Ltd., Rep. By Its Aut. Director, G. T. Jarani v. Dugal Projects Development Company Pvt. Ltd.,

2025:BHC-GOA:1674-DB Niti

IN THE HIGH COURT OF BOMBAY AT GOA

FIRST APPEAL NO.17 OF 2022, AND FIRST APPEAL NO.38 OF 2022 WITH CIVIL APPLICATION NO.2302 OF 2024(F) AND MISC. CIVIL APPLICATION NO.2226 OF 2025(F) FIRST APPEAL NO.17 OF 2022 SIMA HOTES & RESORTS LTD.

A Limited Company duly incorporated Under the Companies Act, 1956, Having its registered office at 9, New Marine Lines, 15, Jas Ville, Fourth Floor, Opposite Liberty Cinema, MUMBAI - 400 020.

...APPELLANT

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DUGAL PROJECTS DEVELOPMENT COMPANY PRIVATE LTD.

A Private Limited Company, Incorporated under the Companies Act, 1956, Having its registered office at Mohatta Bhavan, Fourth Floor, 10, Dr E. Moses Road, Mumbai - 400 018. ...RESPONDENT AND FIRST APPEAL NO.38 OF 2022 WITH CIVIL APPLICATION NO.2302 OF 2024(F) ALCHEMIST ASSET RECONSTRUCTION COMPANY LTD., D-54 (First Floor), Defence Colony,

New Delhi, South Delhi, Delhi - 110 008.

Represented herein by its duly authorised signatory Shri Navneet Kumar, Of 28 years of age.

...APPELLANT

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1. SIMA HOTELS & RESORTS LTD. Having its registered office at:

9, New Marine Lines, 15, Jas Ville, 4th Floor, Opp. Liberty Cinema, Mumbai - 400 020.

2. Dugal Projects Development Company Private Limited, Having its registered office at:

Mohatta Bhavan, 4th Floor, 10, Dr E. Moses Road, Mumbai - 400 018.

...RESPONDENTS AND MISC. CIVIL APPLICATION NO.2226 OF 2025(F) IN FIRST APPEAL N0.38 OF 2022 DUGAL PROJECTS DEVELOPMENT COMPANY PVT. LTD.

Having its registered office at:

Mohatta Bhavan, 4th Floor, 10, Dr E. Moses Road, Mumbai - 400 018. .... APPLICANT

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ALCHEMIST ASSETS RECONSTRUCTION COMPANY LTD.

D-54 (First Floor), Defence Colony, New Delhi, South Delhi, Delhi - 110 008.

Represented herein by its duly authorised signatory Shri Navneet Kumar, Of 28 years of age. .... RESPONDENTS Mr Manoj Munshi, Senior Advocate (through V.C.) with Mr Vishwadh Sardessai, Advocate for the Appellant in FA No.17/2022 and Respondent No.1 in FA No.38/2022. Mr Parag Rao with Mr Karan Batura, Mr Akhil Parrikar and Mr J. Karn, Advocates for the Appellant in FA No.38/2022. Mr Vikram Saini (through V.C.), Advocate for Respondent in FA No.17/2022, Respondent No.2 in FA No.38/2022 and for Applicant in MCA No.2226/2025(F).

CORAM : BHARATI DANGRE & ASHISH S. CHAVAN, JJ.

DATE :

3rd SEPTEMBER 2025 ORAL JUDGMENT :

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ASHISH S. CHAVAN, J.

BHARATI DANGRE, J.

Signed by: NITI KISHOR HALDANKAR Designation: Private Secretary Date: 10/09/2025 20:32:23