Disposed

Gagandeep Sarna v. Smt Balarani & Ors.

Delhi HC12 Mar 2024RFA(COMM)/184/2023

Case brief

AI extract

What is this about?

Appeals against a decree of Rs.74,84,500 with 9% interest and costs were disposed of on consent: principal scaled down to Rs.69,84,500 after a Rs.5 lakh adjustment, payable in installments with simple interest at 9% on reducing balance; default entails payment of entire decretal amount.

What did the court decide?

Delay condoned; appeals disposed on agreed terms modifying decree: Rs.69,84,500 payable in installments with 9% interest; default triggers full decretal amount.

Gagandeep Sarna Vs Smt Balarani & Ors. — Execution and Attachment | Delhi HC (2024)

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$~1 * IN THE HIGH COURT OF DELHI AT NEW DELHI

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% Date of decision: 12.03.2024

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RFA(COMM) 184/2023 & CM APP. 44381/2023 GAGANDEEP SARNA ..... APPELLANT Through: Mr Prashant Katara, Advocate along with appellant in person.

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versus

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SMT BALARANI & ORS. ..... RESPONDENTS Through: Mr Arvind Kr. Gupta and Mr Rishi Bharadwaj, Advocates for respondent no.1 along with Mr Suraj Aggarwal and Mr Vijay Aggarwal, sons of respondent no.1.

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RFA(COMM) 196/2023 & CM 62967/2023, CM APP. 46182/2023

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SATINDER SINGH SARNA ..... APPELLANT Through: Mr.Parvez Basista and Mr Soin Khan, Advocates along with appellant in person.

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versus

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SMT BALA RANI & ORS. ..... RESPONDENT Through: Mr Arvind Kr. Gupta and Mr Rishi Bharadwaj, Advocates for respondent no.1 along with Mr Suraj Aggarwal and Mr Vijay Aggarwal, sons of respondent no.1.

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CORAM: HON'BLE MR. JUSTICE RAJIV SHAKDHER HON'BLE MR. JUSTICE AMIT BANSAL

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[Physical Hearing/Hybrid Hearing (as per request)]

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Signature Not Verified Digitally Signed By:DINESH KUMAR Signing Date :18. 03.2024 11:41:57 RFA(COMM) 184/2023 & RFA(COMM) 196/2023

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Page 1 of 5

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RAJIV SHAKDHER, J. (ORAL)

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CM APP. 58256/2023 in RFA(COMM) 184/2023 [Application filed on behalf of the appellant seeking condonation of delay in filing court fees of Rs 75,400/-]

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This is an application filed on behalf of the appellant seeking condonation of delay in filing court fees amounting to Rs. 75,400/-.

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According to the appellant, there is a delay of 56 days.

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Having regard to the delay involved, we are inclined to condone the delay.

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Accordingly, the application is allowed and the delay is condoned. CM APP. 46183/2023 & CM APP. 46184/2023 in RFA(COMM) 196/2023

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Allowed, subject to just exceptions.

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CM APP. 46185/2023 in RFA(COMM) 196/2023 [Application filed on

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behalf of the appellant seeking condonation of delay in re-filing the appeal]

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This is an application filed on behalf of the appellant seeking condonation of delay in re-filing the appeal.

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According to the appellant, there is a delay of 60 days.

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Having regard to the delay involved, we are inclined to condone the delay.

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Accordingly, the application is allowed and the delay is condoned. RFA(COMM) 184/2023 & CM APP. 44381/2023 [Application filed on

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behalf of the appellant seeking interim relief]

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RFA(COMM) 196/2023 & CM APP. 62967/2023, CM APP. 46182/2023 [Application filed on behalf of the appellant seeking interim

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Signature Not Verified Digitally Signed By:DINESH KUMAR Signing Date :18. 03.2024 11:41:57 RFA(COMM) 184/2023 & RFA(COMM) 196/2023

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Page 2 of 5

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relief]

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We have heard the counsel for the parties at some length.

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The above-captioned appeals seek to assail the judgment dated 31.03.2023 passed by the learned District Judge, Commercial Court-3, South District, Saket Courts, New Delhi.

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12 . Via impugned judgment, the suit action, instituted by respondent no.1 i.e., Smt. Bala Rani, has been decreed for Rs.74,84,500/-. The principal amount along with interest at the rate of 9% per annum is payable from the date of institution of the suit till realization. Besides this, costs of Rs.1,30,000/- have also been awarded in favour of respondent no.1.

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We may note that there is no dispute between the contesting parties i.e., the appellants and respondent no.1, in the above-captioned appeals, that out of Rs.74,84,500/-, Rs.5,00,000/- has been paid. Parties also agree that the said sum should be adjusted towards the principal amount. The principal amount thus stands scaled down to Rs.69,84,500/-.

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Counsel for the parties have arrived at an agreement. Upon receipt of instructions, counsel submit that the appeals be disposed of based on the following agreed terms.

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(i) The appellants will be jointly and severally liable to pay the principal amount i.e., Rs.69,84,500/- to respondent no.1 i.e., Smt. Bala Rani, wife of Late Om Prakash Aggarwal.

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(ii) Furthermore, Rs.69,84,500/- will be paid in the following manner: (ii)(a) A down payment Rs.5,00,000/- will be made on or before 07.04.2024.

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(ii)(b) The balance amount, i.e., Rs.64,84,500/-, will be paid in the following twenty-four (24) tranches:

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Signature Not Verified Digitally Signed By:DINESH KUMAR Signing Date :18. 03.2024 11:41:57 RFA(COMM) 184/2023 & RFA(COMM) 196/2023

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Page 3 of 5

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(ii)(b)(1) Installments amounting to Rs.2,00,000/- each will be paid on or before 7^th day of every month; the first installment will commence from April, 2024.

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(ii)(b)(2) Apart from the above, an additional installment amounting to Rs.5,00,000/- each will be paid on or before the following dates i.e., 30.09.2024, 31.03.2025, and 30.09.2025. (ii)(b)(3) The last payout will not only include the balance amount, i.e., Rs.1,84,500/- but also include Rs.1,30,000/- which has to be paid towards costs.

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(iii) The simple interest will run at the rate of 9% on the reducing balance during the period till the date the entire amount stands remitted to respondent no.1. The interest will commence from today. The interest will be paid over and above the installments indicated above. (iv) In case there is any default in the payouts as per the terms indicated above, the appellants will pay the entire decretal amount to respondent no.1. (v) The appellants will file an undertaking in the form of an affidavit which will indicate that the terms and conditions stipulated above will be adhered to. The undertaking given to this Court will also state that if there is a default, the entire decretal amount will be paid over to respondent no.1 (vi) This affidavit will be filed within one (1) week from today. A copy of the same will be furnished to the counsel for respondent no.1. 15. Counsel for the parties will place the order passed by us before the executing Court. The executing Court will pass appropriate orders having regard to the settlement arrived at by the parties before us.

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Mr Arvind Kumar Gupta, who appears on behalf of respondent no.1, says that respondent no.1 will hand over the custody of the goods received

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Signature Not Verified

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Digitally Signed By:DINESH KUMAR Signing Date :18. 03.2024 11:41:57 RFA(COMM) 184/2023 & RFA(COMM) 196/2023

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Page 4 of 5

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on supardari to the bailiff.

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The impugned judgment shall stand modified to the extent indicated above.

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The appeals are disposed of in the aforesaid terms.

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Pending applications shall also stand disposed of.

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Parties will act based on the digitally signed copy of the order.

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RAJIV SHAKDHER (JUDGE)

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AMIT BANSAL (JUDGE)

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MARCH 12, 2024 rt

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Signature Not Verified Digitally Signed By:DINESH KUMAR Signing Date :18. 03.2024 11:41:57 RFA(COMM) 184/2023 & RFA(COMM) 196/2023

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Page 5 of 5

Gagandeep Sarna v. Smt Balarani & Ors.

Case brief

What is this about?

What did the court decide?

Gagandeep Sarna v. Smt Balarani & Ors.

Case brief

What is this about?

What did the court decide?

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