M/S Good Value Engineers v. Union of India

Delhi High Court · 29 Sep 2011 · 2011:DHC:13898
Vipin Sanghi
EX.P. 2431/2010
2011:DHC:13898
civil petition_dismissed

AI Summary

The court directed that the decree amount deposited by the judgment debtor be preserved as a fixed deposit and not appropriated by any partner until the arbitration award resolving internal disputes attains finality.

Full Text
Translation output
A
\\ g-10 L ' HIGH COURT OF DELHI EX.P. 243120LO
M/S GOOD VALUE ENGINEERS ..... Decree Holder
Through: Ms. Jaya Tomar, Advocate (for Mr. Rajkumar)
Mr. Kapil Sankhla and Ms. Meghna Sankhla, Advocates (for Col.
Paropkar Singh)
VCTSUS
UNION OF INDIA & ANR ..... Judgement Debtor
Through:
EX.P. 333|2OLO M/S GOOD VALUE ENGINEERS ..... DCCTCC HOIdCT
Through:
VERSUS
UNION OF INDIA .... Judgement Debtor
Through:
CORAM:
HON'BLE MR. JUSTICE VIPIN SANGHI
ORDER. % 29.O9.20LL t P lt is not in dispute that the amount deposited by the
JUDGMENT
debtor, Union of lndia satisfies the decree. There are inter se disputes between the partners of the decree holder firm, including Mr. Rajkumar and Col. Paropkar Singh. The amount has been tendered by the judgment debtor in the name of the firm to Col. Paropkar Singh.
2011:DHC:13898 r! -4? 11/ In terms of the order passed by this Court on 22.02.20LI, amount has been received in the name of the firm and converted a fixed deposit, which has been directed to be renewed every months.
The disputes between the three partners have been resolved by an arbitration award made by Sh. G.P, Thareja, retd. ADJ dated
08.07.201-1-. The time for filing the objections to the said award has not yet elap5ed, l, therefore, direct that the said fixed deposit be kept intact, and be renewed as earlier directed till the award dated
08.07 .20L1- attains finality, one way or another.
None of the partners shall appropriate the amount in question without the orders of the Court.
A copy of this order be given Dasti to the counsels for being served on the concerned bank.
Petition stands disposed of.
SEPTEMBER 29,?OLL ST the into six A VIPIN SANGHI, J
2011:DHC:13898