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2026 Supreme(Online)(P&H) 79867

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
Nidhi Gupta, J
Mgf Developments Ltd. – Appellant
Versus
Cosmo Propbuild Pvt. Ltd. – Respondent


Advocates:
For the Appellants/Petitioners: Sanjeev Sharma, Amandeep Sigh Talwar, Vikram Vir Sharda, Jugansh Goyal
For the Respondents: RS Rai, Aashish Chopra, Rubina Vermani, Rupa Pathania, Abhinav Kaushik, Himanshu Kashyap, Randeep Khaira, Arjun S. Rai, Prachi Gupta

***

The date when the judgment is reserved11.05.2026
The date when the judgment is pronounced18.05.2026
The date when the judgment is uploaded on the website18.05.2026
Whether only operative part of the judgment is pronounced or whether the full judgment is pronouncedFull Judgment

NIDHI GUPTA, J.

Present Revision Petition has been filed by the plaintiff laying challenge to the order dated 21.04.2026 (Annexure P-21) passed by the learned Additional Civil Judge (Senior Division), Gurugram; whereby application filed by the respondents/defendants No.1 to 7 under Section 151 CPC for placing on record Additional Affidavit along with documents, has been allowed.

The sequence of events in chronological order is as follows: –

16.05.2016: A Demerger Scheme was formulated between Emaar MGF Land Ltd. (Demerged Company) and MGF Development Ltd (Resulting Company). The appointed date for the Scheme was closing hours of 30.9.2015. The Suit land formed part of the Demerged Undertaking. It is the case of the petitioner that the Defendants/Respondents 1- 7 through Mr. Basant Bansal, Roop Kumar Bansal and Pankaj Bansal expressed interest in exchanging 31.12 acres of land in village Chauma,

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