Man Structurals Pvt. Ltd. Vs Apollo International Limited (Now Apollo Green Energy Limited) — Delhi HC (2026) — LawSathi Research

Man Structurals Pvt. Ltd. Vs Apollo International Limited (Now Apollo Green Energy Limited) — Delhi HC (2026) — LawSathi Research

What the court decided

AI extract

Outcome

Execution petition dismissed as withdrawn following settlement; Memorandum of Settlement dated 02.04.2026 taken on record; interim attachment of judgment debtor's accounts (order dated 21.10.2024) vacated; EX.APPL.(OS) 547/2026 and 581/2026 allowed and disposed of.

Issue for consideration

Whether, in view of the settlement arrived at between the parties during pendency of the execution petition, the petition should be permitted to be withdrawn by the decree holder and the settlement placed on record. +1 more

Court's answer

The Memorandum of Settlement deed dated 02.04.2026 recording the terms of settlement between the parties is taken on record.

Ratio / Principle

Upon the decree holder seeking withdrawal in view of the settlement, the execution petition is dismissed as withdrawn.

Key takeaways

The interim order dated 21.10.2024 whereby the accounts of the judgment debtor with the State Bank of India, Bank of India, Canara Bank and Indian Bank were attached, is vacated.ratio¶10
EX.APPL.(OS) 547/2026 and EX.APPL.(OS) 581/2026 are allowed and disposed of in the above terms.ratio¶13

Detailed headnote1 paragraphs

Delhi High Court, OMP (ENF.) (COMM.) 18/2024, order dated 20.04.2026 (Vikas Mahajan, J.). During pendency of this execution petition (Man Structurals Pvt Ltd, decree holder v. Apollo International Limited, now Apollo Green Energy Limited, judgment debtor), the parties executed a Memorandum of Settlement deed dated 02.04.2026, annexed with the judgment debtor's application EX.APPL.(OS) 547/2026; the Court took the settlement on record. Counsel for the decree holder sought withdrawal of the petition, which was dismissed as withdrawn; the interim order dated 21.10.2024 attaching the judgment debtor's accounts with the State Bank of India, Bank of India, Canara Bank and Indian Bank was vacated. Applications EX.APPL.(OS) 547/2026 and 581/2026, both under Section 151 CPC, were allowed and disposed of. Purely dispositional order; no substantive holdings or case treatments.

$~63

IN THE HIGH COURT OF DELHI AT NEW DELHI

OMP (ENF.) (COMM.) 18/2024 MAN STRUCTURALS PVT LTD .....Decree Holder Through: Mr. Pancham Surana, Mr. Abhishek Kumar Singh and Ms. Vedanshi Jalan, Advs.

versus

APOLLO INTERNATIONAL LIMITED (NOW APOLLO GREEN ENERGY LIMITED) .....Judgement Debtor Through: Mr. Vivek Malik, Mr. Vivek Sinha and Mr. Ritik Gupta, Advs.

CORAM: HON'BLE MR. JUSTICE VIKAS MAHAJAN O R D E R % 20.04.2026

EX.APPL.(OS) 547/2026 (by JD under Section 151 CPC for placing on record settlement agreement and consequential reliefs) EX.APPL.(OS) 581/2026 (under Section 151 CPC for disposal/withdrawal of present petition)

During pendency of the present execution petition, the parties have arrived at a settlement, terms whereof have been recorded in writing in the form of Memorandum of Settlement deed dated 02.04.2026, which has been annexed along with the execution application i.e. EX.APPL.(OS) 547/2026. The said settlement is taken on record.

In view of the above settlement, Mr. Pancham Surana, learned counsel for the decree holder seeks to withdraw the captioned petition.

Accordingly, the petition is dismissed as withdrawn and the interim order granted by this Court vide order dated 21.10.2024, whereby the accounts of the judgment debtor maintained with the State Bank of India, Bank of India, Canara Bank and Indian Bank were attached, is vacated.

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 22/04/2026 at 12:11:12

The applications are allowed and disposed of in the above terms.

VIKAS MAHAJAN, J

APRIL 20, 2026/dss

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 22/04/2026 at 12:11:12