J U D G M E N T

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 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 judgement