Kolkata Metropolitan Development Authority (Formerly Kolkata Improvement Trust) v. Dagcon (India) Private Limited

OCD-1 to 4

IN THE HIGH COURT AT CALCUTTA

ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL DIVISON EC/434/2022 DAGCON (INDIA) PRIVATE LIMITED VS KOLKATA METROPOLITAN DEVELOPMENT AUTHORITY AP/745/2022 KOLKATA METROPOLITAN DEVELOPMENT AUTHORITY (FORMERLY KOLKATA IMPROVEMENT TRUST) VS DAGCON (INDIA) PRIVATE LIMITED AP-COM/180/2025 KOLKATA METROPOLITAN DEVELOPMENT AUTHORITY (FORMERLY KOLKATA IMPROVEMENT TRUST) VS DAGCON (INDIA) PRIVATE LIMITED AP-COM/942/2024 KOLKATA METROPOLITAN DEVELOPMENT AUTHORITY (FORMERLY KNOWN AS KOLKATA IMPROVEMENT TRUST) VS DAGCON (INDIA) PRIVATE LIMITED

BEFORE:

The Hon'ble JUSTICE SHAMPA SARKAR Date : 28th March, 2025.

Appearance:

Mr. Surajit Nath Mitra, Sr. Adv.

Mr. Sankarsan Sarkar, Adv.

Mr. Samriddha Sen, Adv.

Ms. Anshumala Bansal, Adv.

Mr. Richik Chowdhury, Adv.

Mr. Bhargav Verman, Adv.

. . .for the Dagcon (India) Pvt. Ltd.

Mr. Kishore Dutta, Sr. Adv.

Mr. Sirsanya Bandopadhayay, Adv.

Mr. Avishek Guha, Adv.

Mr. Ankush Majumder, Adv.

. . .for the K.M.D.A.

The Court: The matters have come up in view of the office report submitted by the Registrar, Original Side dated March 27, 2025. The report states that the award-debtor has deposited a sum of Rs.80 crores. The said amount is now lying in the PL Account in the name of the Registrar, Original Side. The Registrar seeks order with regard to investment of the said amount. Accordingly, the Registrar, Original Side is directed to invest the said amount in an auto renewable interest bearing short term fixed deposit with any Nationalized Bank.

Accordingly, this order is being passed in clarification and/or modification of the order dated February 13, 2025.

(SHAMPA SARKAR, J.) sp/