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2023 Supreme(P&H) 159

ARCHANA PURI
Sparsh Promoters Pvt. Ltd. – Appellant
Versus
MGF Developments Ltd. – Respondent


Advocates:
Advocate Appeared:
For the Petitioners: Amit Jhanji, Eliza Gupta, A.S. Shera, Varun Singh Thappa, Sanjeev Sharma, Akshay Bhan, D.S. Patwalia, Sunil Chadha, A.S. Talwar, A.S. Rawaley, Akhilesh Barak, Varun Sandhu, Abhilaksh Grover, Alok Jagga, Harshit Anand.
For the Respondents: R.S. Rai, Anand Chibbar, Puneet Bali, Ashish Chopra, Kunal Dawar, Nitika Sharma, Bhavna Chaudhary, Vishavjeet S. Beniwal, Sukriti Rai, Ambika Luthra.

JUDGMENT :

ARCHANA PURI, J.

1. These are two revision petitions filed by the rival parties to assail the order dated 22.12.2022 passed by learned Court below in CM-600-2022 and application bearing IA No. 04 of 2022 in Civil Suit No. 2536-2016 titled as M/s Sparsh Promoters Pvt. Ltd. and Others vs. Cosmo Propbuild Pvt. Ltd. and Others.

2. CR-33-2023 has been filed by M/s Sparsh Promoters Pvt. Ltd. and M/s Sandesh Buildcon Pvt. Ltd. and M/s Siddhant Buildcon Pvt. Ltd. through their authorized representatives, to challenge the denial of release of the balance sale considerations of the registered Exchange Deeds executed between the petitioner companies with respondents No. 2 to 6 (Cosmo Propbuild Pvt. Ltd. and Surya Propcon Pvt. Ltd. and Star City Realtech Pvt. Ltd. and Neer Builders Pvt. Ltd. or Vibrant Infratech Pvt. Ltd.) and the compromise deed, which forms the part of Lok Adalat Award dated 09.12.2016, which amount had been deposited by respondents No. 2 to 6 (as detailed aforesaid) before the Court below.

3. CR-858-2023 has been filed by MGF Developments Ltd. thereby, challengin

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