Disposed
Shanti Packaging Industries & Ors. v. Magma Fincorp Ltd.
Delhi HCO.M.P./1133/2014
Case brief
from the order text
What is this about?
HIGH COURT OF DELHI AT NEW DELHI + O.M.P.…
What the court decided
AI extract
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
$~
SHANTI PACKAGING INDUSTRIES & ORS ..... Petitioner Through None
versus
MAGMA FINCORP LTD ..... Respondent Through None
CORAM:
SH. DINESH KUMAR SHARMA, REGISTRAR GENERAL
O R D E R % 17.12.2018
Vide order dated 30.10.2018, the Hon’ble Court has inter alia observed as
under:-
“2. Parties shall be bound by the settlement entered into between them and the Petitioners shall ensure that the payments are duly made to ARCIL. The sum of Rs.35 lakhs has been agreed between the parties to be paid to the Petitioners immediately upon being released by this Court. Accordingly, the sum of Rs.35 lakhs along with interest accrued thereon be released to ARCIL by the Registrar General of this Court.
“Issue notice to the respondent returnable for 26th July, 2017.
After considering the record and submissions of learned counsel for appellants, the Court is of the opinion that subject to deposit of Rs.35.00 Lacs – approximateing 50% of the awarded amount (Rs.71,79,693.75/-) within three weeks, with the Registrar of this Court the operation of the impugned order as well as the decree arising from the award dated 27.05.2014 are stayed till next date of hearing.
Copy of order be given dasti under signature of Court Master.”
Adjustment for the amount received by ARCIL will be given to the Petitioner and the instalments would be reduced accordingly.
As per office report, Registrar(B&A) in compliance of the above said order has made an endorsement on the back of the FDR bearing No.15530310738979 dated 17.05.2017 for Rs.35 Lakhs issued UCO Bank, Delhi High Court Branch for discharging it in favour of ARCIL.
In view of the above, FDR is discharged in terms of order dated 30.10.2018 of the Hon’ble Court for handing over it to the Authorized signatory of ARCIL.
Since there is no appearance on behalf of the ARCIL, the matter is renotify for 21.12.2018.
DINESH KUMAR SHARMA REGISTRAR GENERAL
DECEMBER 17, 2018 ss
SHANTI PACKAGING INDUSTRIES & ORS
MAGMA FINCORP LTD
DINESH KUMAR SHARMA
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court