JUDGMENT

Jyoti Singh, J.

Co.Appl. 133/2020 (Seeking review of order dt 16.09.2019)

1. Present application has been filed by the Applicant/New Okhla Industrial Development Authority (hereinafter referred to as the `Authority') seeking review of the order dated 16.09.2019 as well as a direction to M/s. Gwalior Transmissions Systems Ltd. to pay a total amount of Rs. 6,07,45,312/- towards the balance installments and the interest thereon as agreed between the parties. The said order was challenged by the Authority before the Division Bench in Co. Appeal No. 05/2020 and the Appeal was disposed of by the Division Bench vide order dated 19.02.2020, granting liberty to the Authority to move an application seeking review of the order dated 16.09.2019 before this Court.

2. It needs to be noted that on 16.09.2019, counsel appearing on behalf of the Authority, on instructions from the Accounts Officer, had submitted that in terms of their valuation, in the event prior rental was discharged simultaneously with rental for an equal period towards future rent, the Authority would not charge any interest thereon. Insofar as the installments towards total consideration of the sub