Allowed

Amr India Ltd. v. Nabinagar Power Generating Company Ltd.

Delhi HC12 Sept 2024OMP (ENF.) (COMM.)/125/2019

Case brief

AI extract

What is this about?

In this enforcement petition under Section 36 of the Arbitration Act, 1996, the Court directed the judgment debtor to pay the decretal amount of Rs. 84,41,778 within three weeks, release the deposited sum of Rs. 13,17,96,212.50 with interest, and pay interest on an interim balance at 6.25% per annum.

What did the court decide?

Directed payment of Rs. 84,41,778 within 3 weeks; release of Rs. 13,17,96,212.50 with interest; payment of 6.25% interest on interim balance.

Amr India Ltd. Vs Nabinagar Power Generating Company… — Execution and Attachment | Delhi HC (2024)

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$~17

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- OMP (ENF.) (COMM.) 125/2019 & EX.APPL.(OS) 383/2023, EX.APPL.(OS) 1082/2023, EX.APPL.(OS) 1085/2023, EX.APPL.(OS) 1103/2023, EX.APPL.(OS) 1381/2024 AMR INDIA LTD

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.....Decree Holder Through: Mr. Brijesh Kumar Goel, Mr. Sajal Goel, Advs.

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versus

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NABINAGAR POWER GENERATING COMPANY LTD

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.....Judgement Debtor

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Through: Mr. Dattatray Vyas, Mr. Shaurya Nirwal, Mr. Kanishk Pandey, Advs.

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CORAM:

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HON'BLE MR. JUSTICE JASMEET SINGH O R D E R % 12.09.2024

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This is an enforcement petition filed under Section 36 of the Arbitration and Conciliation Act, 1996 seeking direction to the judgment debtor to pay the decretal amount as awarded in the Award dated 10.12.2018 read with Correction Award dated 21.02.2019.

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Mr. Vyas, learned counsel has handed over calculations on behalf of the judgment debtor which is acceptable to Mr. Goel, learned counsel for the decree holder.

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As per the calculation of the judgment debtor, an amount of Rs. 14,02,37,990/- is due and payable as on date to the decree holder.

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As per the Registry, a sum of Rs. 13,17,96,212.50/- is lying deposited. If the said sum is deducted from Rs. 14,02,37,990/-, the balance amount will be Rs. 84,41,778/-. Hence, a sum of Rs. 84,41,778/- shall

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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 03/07/2025 at 03:52:44

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be paid expeditiously by the judgement debtor and not later than 3 weeks from today to the decree holder.

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The Registry is directed to release an amount of Rs. 13,17,96,212.50/alongwith up-to-date accrued interest to the decree holder.

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In addition, the judgment debtor shall pay interest at the rate of 6.25% per annum on Rs. 8,35,22,840/- from 12.09.2024 till the date the Demand Draft of the balance decretal amount is paid to the decree holder.

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The petition is disposed of in the aforesaid terms.

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The document handed over in Court today is taken on record.

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JASMEET SINGH, J

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SEPTEMBER 12, 2024 / (MS)

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Click here to check corrigendum, if any

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Amr India Ltd. v. Nabinagar Power Generating Company Ltd.

Case brief

What is this about?

What did the court decide?

Amr India Ltd. v. Nabinagar Power Generating Company Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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