Landmark Property Development And Company Limited & Rs. vs Ansal Properties & Infrastructure Limited & Ors

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2023 Supreme(Del) 2401

ANUP JAIRAM BHAMBHANI
Landmark Property Development And Company Limited & Rs. – Appellant
Versus
Ansal Properties & Infrastructure Limited & Ors – Respondent

Advocates appeared:
Mr. Amit Sibal, Senior Advocate with Ms. Ruby Singh Ahuja, Mr. Manmeet Kaur, Mr. Gurtejpal Singh, Mr. Vasu Singh, Mr. Abhishek Rana, Ms. Aashna Arora and Ms. Vinamra Kopriha, Advocates, for the Petitioners in O.M.P.(I) (COMM.) 399 of 2018 and CCP(O) No.35 of 2022 & I.A. Nos.2614 of 2020 & 15336 of 2022.
Mr. Ashwani Kumar Mata, Senior Advocate with Mr. NPS Chawla, Mr. Sujoy Datta, Ms. Nishtha Khurana, Ms. Mahima Shekhwat and Mr. Karan Gaur, Advocates, for the Respondents in O.M.P.(I) (COMM.) 399 of 2018 and CCP(O) No.35 of 2022 & I.A. Nos.2614 of 2020 & 15336 of 2022
Mr. Anirudh Bakhru, Mr. Ayush Puri, Mr. Umang Tyagi, Mr. K. Madnani, Mr. Vijay Laxmi Rathi and Ms. Pragya Choudhary, Advocates, for the JD-2 in O.M.P.(I) (COMM.) 399 of 2018 and CCP(O) No.35 of 2022 & I.A. Nos.2614 of 2020 & 15336 of 2022 & OMP (ENF.) (COMM.) 159/2019 & CCP(O) 28/2022, EX.APPL.(OS) 1076/2019, 206/2020, 208/2020, 210-213/2020, 278/2021, 437/2021, 440/2021, 468-469/2021, 969/2021, 1134/2021, 2826/2022, 3231-3232/2022, 3235/2022, 19/2023, 257/2023.
Mr. Gaurav H Sethi and Mr. Anant Bajpai, Advocates, for the Respondent-1 and 3 in O.M.P.(I) (COMM.) 399 of 2018 and CCP(O) No.35 of 2022 & I.A. Nos.2614 of 2020 & 15336 of 2022 & OMP (ENF.) (COMM.) 159/2019 & CCP(O) 28/2022, EX.APPL.(OS) 1076/2019, 206/2020, 208/2020, 210-213/2020, 278/2021, 437/2021, 440/2021, 468-469/2021, 969/2021, 1134/2021, 2826/2022, 3231-3232/2022, 3235/2022, 19/2023, 257/2023.
Mr. Sujoy Datta, Ms. Nishtha Khurana and Ms. Mahima Shekhawat Advocates in OMP (ENF.) (COMM.) 159/2019 & CCP(O) 28/2022, EX.APPL.(OS) 1076/2019, 206/2020, 208/2020, 210-213/2020, 278/2021, 437/2021, 440/2021, 468-469/2021, 969/2021, 1134/2021, 2826/2022, 3231-3232/2022, 3235/2022, 19/2023, 257/2023.

JUDGMENT

Anup Jairam Bhambhani J.

I.A No.11507/2022 in O.M.P.(I)(COMM.) No. 399/2018 EX.APPL. (OS) No. 2906/2022 in OMP (ENF.) (COMM.) No. 159/2019

1. By way of the present judgment, this court proposes to dispose-of applications bearing I.A. No.11507/2022 filed in O.M.P. (I) (COMM.) No.399/2018 and EX.APPL. (OS) No.2906/2022 filed in OMP (ENF.) (COMM.) No.159/2019 by M/s Landmark Property Development and Company Limited & Ors. (`decree holders') seeking release of the sums of Rs.13 crores and Rs.3,09,42,000/- respectively, that have been deposited by M/s Ansal Properties & Infrastructure Limited & Ors (`judgment debtors') in compliance of order/judgment dated 29.05.2019 and 05.01.2022, as detailed hereinafter.

2. This court has heard Mr. Amit Sibal, learned senior counsel appearing on behalf of the decree-holders; and Mr. Ashwani Kumar Mata, learned senior counsel appearing on behalf of the judgement-debtors on the present applications.

Submissions on behalf of Decree-Holders

3. The decree-holders seek release of the deposited amounts for the following reasons:

3.1. It is submitted that calculating the awarded amount as due upto 12.05.2023, as per the arbitral award, the judge

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2023 Supreme(Del) 2401

ANUP JAIRAM BHAMBHANILandmark Property Development And Company Limited & Rs. – AppellantVersusAnsal Properties & Infrastructure Limited & Ors – Respondent

ANUP JAIRAM BHAMBHANI
Landmark Property Development And Company Limited & Rs. – Appellant
Versus
Ansal Properties & Infrastructure Limited & Ors – Respondent