Disposed

Apex Buildsys Ltd. v. Tbea Energy India Pvt. Ltd.

Delhi HC9 Jan 2024OMP (ENF.) (COMM.)/6/2024

Case brief

AI extract

What is this about?

Execution petition to enforce an arbitral award of Rs. 10 crores with interest. Counsel for the judgment-debtor stated no assets or bank accounts were within Delhi; the decree-holder withdrew with liberty to file afresh before the competent court, and the petition was disposed of.

What did the court decide?

Withdrawal of execution petition with liberty to file fresh execution before the competent court.

Apex Buildsys Ltd. Vs Tbea Energy India Pvt. Ltd. — Execution and Attachment | Delhi HC (2024)

¶1

$~33

¶2

IN THE HIGH COURT OF DELHI AT NEW DELHI

¶3

- OMP (ENF.) (COMM.) 6/2024 & EX.APPL.(OS) 27/2024

¶4

APEX BUILDSYS LTD. ..... Decree Holder Through: Mr Achin Goel, Adv. (through VC)

¶5

versus

¶6

TBEA ENERGY INDIA PVT. LTD. ..... Judgement Debtor Through: Mr Vinam Gupta and Mr Aamir Siraj, Advs.

¶7

CORAM:

¶8

HON'BLE MR. JUSTICE JASMEET SINGH

¶9

O R D E R

¶10

% 09.01.2024

¶11

This is a petition seeking execution of the Award dated 04.04.2023 wherein the claims of the decree-holder have been allowed to the tune of Rs. 10 crores with 9% interest. The amount payable as of today is Rs. 21.57 crores.

¶12

It is stated that the said amount has not been paid.

¶13

Issue notice.

¶14

Mr Vinam Gupta, learned counsel accepts notice on behalf of the judgment-debtor and states that none of the assets are situated within the territorial jurisdiction of this Court.

¶15

He further states that the registered office of the judgment-debtor is at Vadodara, Gujarat. In addition, he states that none of the bank accounts of the judgment-debtor are situated in Delhi.

¶16

He states that the bank accounts of the judgment-debtor are:

¶17

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 13/05/2024 at 12:24:25

¶18

000351000134 and 000305016163, ICICI Bank, Landmark Building, Race Course Circle, Alkapuri, Vadodara Branch, District Vadodara,

¶19

Mr Gupta further states that there is no asset of the judgment-debtor which is within the territorial jurisdiction of this Court.

¶20

Mr Goel, learned counsel for the decree-holder on the statement of Mr Gupta seeks to withdraw the execution petition with liberty to file fresh execution petition within the competent Court.

¶21

Granting the liberty as aforesaid, the execution petition is disposed of.

¶22

JASMEET SINGH, J

¶23

JANUARY 9, 2024 sr

¶24

Click here to check corrigendum, if any

¶25

This is a digitally signed order.

¶26

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 13/05/2024 at 12:24:25

Apex Buildsys Ltd. v. Tbea Energy India Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

Apex Buildsys Ltd. v. Tbea Energy India Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

Coram

Case details

Similar cases

Pnc Raebareli Pvt. Ltd. Vs National Highways Authority of India (Nhai)

Rajesh Guralmal Nagpal Vs M/S R.G.A Fresh Fruits Private Limited & Anr.

Rajesh Guralmal Nagpal Vs M/S R.G.A. Fresh Fruits Private Limited & Anr.

Tantia Ccil (Jv) Vs Union of India

M/S Zoom Communications Pvt. Ltd. Vs M/S. Oriental Insurance Company Ltd.

Nk Toll Road Limited Vs National Highways Authority of India