Bio Veda Action Research Company v. Dms Projects Pvt. Ltd.
Case brief
What is this about?
Delhi High Court; RFA(COMM) 467/2025; Commercial Courts Act S.13(1A); CPC S.96; first appeal against commercial decree; CS(COMM) No.142/2020; decree dated 06.06.2025; decretal amount Rs.46,36,633.47 with 6% interest and costs; settlement during hearing; withdrawal of Rs. 51,00,000 by decree-holder from Executing Court FDR deposits; full and final satisfaction of decree; balance withdrawal by judgment debtor; appeal disposed as settled; no adjudication on merits; refund of court fees; mediation unsuccessful; Bio Veda Action Research Company vs DMS Projects Pvt. Ltd.; Nitin Wasudeo Sambre J; Anish Dayal J.
What did the court decide?
Appeal disposed of as settled: respondent/decree-holder permitted to withdraw Rs. 51,00,000/- along with accrued interest out of the FDR deposits before the Executing Court towards full and final satisfaction of the decree dated 06th June, 2025 in CS(COMM) No.142/2020; balance deposit permitted to be withdrawn by the appellant/judgment debtor; liberty to apply to the Registrar for refund of court fees since no adjudication on merits.