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2025 Supreme(Del) 592

IN THE HIGH COURT OF DELHI AT NEW DELHI
Purushaindra Kumar Kaurav
Rama Luthra, W/O Late Mr.. H.C. Luthra – Appellant
Versus
Deepali Malik, W/O Late Mr. Surender Malik – Respondent


Advocates Appeared:
For the Plaintiff :Mr Gautam Narayan, Sr. Advocate, with Mr.Abhimanyu Bhandari, Sr. Advocate with Ms.Srishti Juneja and Ms.Sugandh, Advocates.
For the Defendant :Mr.Sandeep Sharma, Sr. Advocate with Mr.Raktim, Mr.Vikas, Mr.Shivam Pal Sharma, Mr.Aman Dhyani, Ms.Kanchan, Mr. S. Vinod, Mr.Sarthak, Mr.Vijay and Mr.Akash, Advocates for

Table of Content
1. final order including conditions for the defendants. (Para 60)

JUDGMENT :

Purushaindra Kumar Kaurav, J.

I.A. 33665/2024 (By D-1 and 2 under Order XXXVII Rule 3(5)- for grant of unconditional leave to defend to D-1 to 5)

The instant application has been filed on behalf of the Defendants seeking leave to defend the present suit.

Brief facts

2 As per the plaint, the facts manifest that in August 2021, the Plaintiff was approached by one late Mr. Surender Malik, who requested a short-term financial loan of Rs. 5,00,00,000. Pursuant to the said request, on 18.08.2021, the parties entered into a formal Loan Agreement dated 18.08.2021, whereby the Plaintiff advanced the aforesaid sum, to late Mr. Malik, carrying an agreed interest @ 12% per annum, for a fixed tenure of one year commencing from 18.08.2021 and ending on 17.08.2022.

3 The contractual stipulation required that monthly interest payments be made by the 7th day of each succeeding month through RTGS, NEFT, or IMPS. The loan was disbursed through two cheques, aggregating to the principal sum of Rs. 5,00,00,000, and the same was duly secured by a Demand Promissory Note of even date executed by late Mr. Malik in favour o

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