Kedarnath Gupta (Deceased) Thr Lr v. M/S Gunjan Infrastructure Pvt. Ltd. & Ors.
Case brief
What is this about?
FAO(OS) 55/2025; High Court of Delhi; oral decision 05.05.2025; Navin Chawla; Dharmesh Sharma; Kedarnath Gupta (deceased) through LR; Gunjan Infrastructure Pvt. Ltd.; CS(OS) 617/2018; I.A. 6058/2025; impugned Single Judge order 15.04.2025; affidavit disclosing bank accounts and statements; secure deposit of Rs. 15 crores; restraint on transferring amounts outside India; Settlement Deed / Settlement Agreement dated 11.10.2022; restraint confined to Rs. 15 crores; minimum balance Rs. 15 crores before transfer; sealed cover filing of bank details; disclosure to respondents left to Single Judge; documents to be executed under settlement left open on merits; pending applications disposed of.
What did the court decide?
Appeal disposed of with modification of the impugned order: appellant permitted to operate her bank accounts subject to maintaining a minimum balance of Rs. 15 crores before any transfer; bank-account details and statements to be filed in sealed cover before the learned Single Judge, with disclosure to respondents and the dispute over documents to be executed left to the Single Judge; pending applications also disposed of.