Disposed

Versatile Commotrade Private Tlmlted v. Shri Karan Singh

Delhi HC26 Sept 2024EX.P./68/2022

Case brief

AI extract

What is this about?

Execution petition disposed of after the decree holder settled with all judgment debtors and received full amounts, satisfying the decree dated 20.12.2018. The interim order dated 29.07.2022 was vacated and pending applications were disposed of.

What did the court decide?

Execution petition disposed of recording satisfaction of decree dated 20.12.2018; interim order dated 29.07.2022 vacated; JDs free to deal with immovable property.

Versatile Commotrade Private Tlmlted Vs Shri Karan… — Execution and Attachment | Delhi HC (2024)

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$~21

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- EX.P. 68/2022 & EX.APPLs.(OS) 3258-59/2022, 961/2024

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VERSATILE COMMOTRADE PRIVATE TLMLTED

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.....Decree Holder Through: Mr. Nikhilesh Krishnan and Mr. Abhishek Bhushan Singh, Advocates along with Mr. Vijay Bansal, AR

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versus

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SHRI KARAN SINGH .....Judgement Debtor Through: Mr. Anand and Mr. Tabish, Advocates for JD A, B and E Mr. Lovenish Mendiratta and Mr. Vishal Kumar, Advocates for JD no. 1(d).

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CORAM:

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HON'BLE MS. JUSTICE MANMEET PRITAM SINGH ARORA O R D E R % 26.09.2024

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Learned counsel for the Decree Holder states on instructions from the authorized representative of the Decree Holder i.e., Mr. Vijay Bansal that the Decree Holder has entered into two (2) separate settlement agreements with Judgement Debtor Nos. 1(c) and 1(d) respectively.

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1.1. He states that Decree Holder has received a sum of Rs. 28.45 lakhs approximately by way of RTGS on 09.09.2024 from Judgement Debtor No. 1(d).

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1.2. He states he has received from Judgement Debtor No. 1(c) a demand draft bearing no. 608034 dated 25.09.2024 during the course of the day.

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1.3. He states that he will place on record the duly executed settlement

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Page 1 of 3

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EX.P. 68/2022

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This is a digitally signed order.

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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 02/07/2025 at 23:15:28

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agreements with Judgement Debtor Nos. 1(c) and 1(d) within a period of one (1) week from today.

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1.4. He states that the Decree Holder has already received amounts from Judgment Debtor Nos. 1(a), (b) and (e) as is recorded in the previous orders. 1.5. He states that with the receipt of the amounts from Judgement Debtor Nos. 1(a) to 1(e), the Decree dated 20.12.2018 passed against late Sh. Karan Singh in CS(COMM) 407/2016 stands satisfied.

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1.6. He states accordingly, the present petition may be disposed of recording the aforesaid satisfaction and the interim order dated 29.07.2022 may be vacated.

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Learned counsel for Judgement Debtor No. 1(c) is present in Court along with Judgement Debtor No. 1(c) and he confirms handing over of the demand draft bearing no. 608034 dated 25.09.2024 to the plaintiff. He tenders apology on behalf of the said Judgment Debtor on the previous dates.

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Learned counsel for the Judgement Debtor No. 1(d) as well confirms transferring an amount of Rs. 28.45 lakhs approximately to the Decree Holder by way of RTGS on 09.09.2024.

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In view of the aforenoted facts, the execution petition is disposed of recording that the decree dated 20.12.2018 stands satisfied.

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Interim order dated 29.07.2022 is hereby vacated.

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Learned counsel for the Decree Holder states that the Decree Holder will duly inform to the Tehsildar/SDM with respect to the satisfaction of the decree and withdraw their objections filed before the Tehsildar. The said statement is taken on record and the Decree Holder is bound down to the same.

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Page 2 of 3

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EX.P. 68/2022

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This is a digitally signed order. 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 02/07/2025 at 23:15:28

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The Tehsildar/SDM shall take note that there is no stay order operating in these proceedings and the Judgment Debtors are at liberty to deal with their immovable property.

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Pending applications stands disposed of.

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MANMEET PRITAM SINGH ARORA, J SEPTEMBER 26, 2024 /rhc/ms

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Click here to check corrigendum, if any

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Page 3 of 3

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EX.P. 68/2022

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Versatile Commotrade Private Tlmlted v. Shri Karan Singh

Case brief

What is this about?

What did the court decide?

Versatile Commotrade Private Tlmlted v. Shri Karan Singh

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

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