Delhi High Court
Kamal Sharma & Ors vs M/S Blue Coast Infrastructure ... on 11 October, 2018
Author: Manmohan
Bench: Manmohan
15, 16 & 17
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* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ CS(OS) 176/2015
KAMAL SHARMA & ORS ..... Plaintiffs
Through: Mr. Abhishek Bhardwaj, Advocate.
versus
M/S BLUE COAST INFRASTRUCTURE
DEVELOPMENT PVT LTD & ORS ..... Defendants
Through: Mr. Vijay Aggarwal, Advocate with
Mr. Vishal Bhardwaj, Advocate for
defendants No.1, 5 to 8.
Mr. Naman Joshi, Advocate for
Ms. Avshreya P.S. Rudy, Advocate for
defendant No.2.
Dr. Sarbjit Sharma, Advocate with
Ms. Leeza Taneja and Ms. Yamini
Nijhawan, Advocate for defendants
No.147 to 149.
Mr. Hemant Jain, Advocate for
applicants I.As. 14088, 14090, 14092,
14094, 14096 & 14098 of 2018.
Ms. Sonal Kumar Singh, Advocate with
Ms. Ishita Sharma, Advocate for
applicant.
Mr. Nitish Chaudhary, Advocate for
Mr. Chetan Lokur, Advocate for
applicant in I.A. 15031/2017
and 13462/2018.
WITH
CS(OS) 176/2015, 87/2018 & 88/2018 Page 1 of 17
+ CS(OS) 87/2018
MS. PREETI CHHABRA ..... Plaintiff
Through: None.
versus
M/S. BLUE COAST INFRASTRUCTURE
DEVELOPMENT PVT. LTD. & ANR ..... Defendants
Through: Mr. Vijay Aggarwal, Advocate with
Mr. Vishal Bhardwaj, Advocate for
defendant1 No.1.
Mr. Naman Joshi, Advocate for
Ms. Avshreya P.S. Rudy, Advocate for
defendant No.2.
AND
+ CS(OS) 88/2018
MS. SURJEET KAUR REKHI ..... Plaintiff
Through: None.
versus
M/S. BLUE COAST INFRASTRUCTURE
DEVELOPMENT PVT. LTD. & ANR ..... Defendants
Through: Mr. Vijay Aggarwal, Advocate with
Mr. Vishal Bhardwaj, Advocate for
defendant1 No.1.
Ms. Avshreya P.S. Rudy, Advocate for
defendant No.2.
% Date of Decision: 11th October, 2018
CORAM:
HON'BLE MR. JUSTICE MANMOHAN
JUDGMENT
MANMOHAN, J: (Oral) CS(OS) 176/2015, 87/2018 & 88/2018 Page 2 of 17 I.As. 14089/2018, 14091/2018, 14093/2018, 14095/2018, 14097/2018 & 14099/2018 (for exemptions) in CS(OS) 176/2015 Keeping in view the averments in the applications, applicants are exempted from filing the original and clear copies of the documents at this stage.
Needless to say, this order is without prejudice to the rights and contentions of the parties.
Accordingly, present applications stand disposed of. I.As. 14083/2018, 14084/2018, 14085/2018, 14086/2018, 14088/2018, 14090/2018, 14092/2018, 14094/2018, 14096/2018 & 14098/2018 in CS(OS) 176/2015 Present applications have been filed for impleadment. Learned counsel for applicants state that the present suit has been filed as a representative suit and since the applicants also belong to the same class of investors, they should be impleaded in the present suit.
Learned counsel for applicants further state that in the event the present applications are not allowed, the applicants would not be able to get refund cheques which are to be handed over by the learned Registrar General in accordance with the orders already passed by this Court.
Issue notice.
Mr. Vishal Bhardwaj, learned counsel accepts notice on behalf of defendants No.1, 5 to 8. Ms. Avshreya P.S. Rudy, learned counsel accepts notice on behalf of defendant No.2. Dr. Sarbjit Sharma, learned counsel accepts notice on behalf of defendants No.147 to 149. They state that they have no objection to the present impleadment applications being allowed.
CS(OS) 176/2015, 87/2018 & 88/2018 Page 3 of 17Keeping in view the aforesaid consent of the parties as well as the facts of the present case, the present impleadment applications are allowed.
Let an amended memo of parties be filed within a period of one week.
I.A. 14087/2018 in CS(OS) 176/2015 Present application has been filed by the plaintiff under Section 151 CPC for clarification/modification of the order dated 03rd October, 2018.
Learned counsel for plaintiff states that there are inadvertent errors in the spelling of the thirty-six names of plaintiffs/applicants mentioned in Schedule/disbursement List furnished by the parties to this Court.
Learned counsel for defendant No.1-company has handed over a revised list of Unit holders/investors. The same is taken on record.
Learned counsel for plaintiff also states that there is a typographical error in the order dated 03rd October, 2018.
Consequently, the present application is allowed and the order dated 03rd October, 2018 shall now read as under:-
" I.A. 1338/2015, I.A. 17272/2015, 17273/2015, 9867/2017, 12556/2018, 13462/2018, 13630-13631/018 in CS (OS) 176/2015 With consent of parties, present applications are allowed. Let an amended memo of parties be filed by the plaintiff within one week.
Accordingly, present applications stand disposed of.
CS(OS) 176/2015, 87/2018, 88/2018 Today parties have handed over a draft consensual order along with schedule of payments to be paid to the creditors of the defendant no. 1, pursuant to directions of this Court dated 20 th CS(OS) 176/2015, 87/2018 & 88/2018 Page 4 of 17 August, 2018 and 25th September, 2018, which is taken on record. The draft consensual order and List of investors to be re- paid are reproduced hereinbelow:-
"The present matter has been pending before this Hon'ble Court as a representative suit. Without adverting to the merits of the matter, it may be noted that approximately Rs. 80.25 Crores (inclusive of interest) are lying with the Registry of this Hon'ble Court pursuant to a consent order dated 6.11.2017 whereby DIAL/Defendant No. 9 had been ordered to deposit the amounts as per the arbitral award dated 27.06.2017 with this Hon'ble Court instead of paying the same to Defendant No. 2. Since then, this Hon'ble Court has considered various methods and mechanisms for disbursal of the amount lying with it. After much deliberation, the Defendant Nos. 1 and 2, the Plaintiffs, and the other investors who were not arrayed as parties before this Hon'ble Court in Kamal Sharma and Ors. Vs. Blue Coast Infrastructure Development Pvt. Ltd. And Ors., CS (OS) 176 of 2015, have arrived at a mechanism to disburse the monies lying with this Hon'ble Court in the manner agreed as per the List dated 1.10.2018 supplied by the defendant no. 1 (appended herewith). The Defendant Nos. 3 - 8 have no objection to the aforesaid.
The disbursal of the monies is being undertaken on a formula without prejudice to the rights and contention of the parties wherein all parties are receiving certain monies in partial satisfaction of their claims whereas the remainder of their claims will remain alive. It may be noted that in cases where there is no settlement agreement, the monies are being received by the investors without prejudice to their eventual claims. However, many of the Plaintiffs as well as parties not arrayed before this Hon'ble Court in Kamal Sharma and Ors. Vs. Blue Coast Infrastructure Development Pvt. Ltd. And Ors., CS (OS) 176 of 2015 have entered into settlements with the Defendant Nos. 1 and 2 whereby certain sums are payable on a monthly basis to each of them against their settled amounts. All such parties are receiving monies/instalments till 31.3.2019, including any instalments in default as of date. If may be noted that the existing settlements are not being novated or modified in any CS(OS) 176/2015, 87/2018 & 88/2018 Page 5 of 17 manner and will remain in force as agreed between the parties.
All parties have agreed to receiving monies in the manner and amount as specified in the List and have no objection to the immediate disbursal of the monies lying with the Registry of this Hon'ble Court. In all cases where there is a settlement agreement, upon passing the order for disbursement of money there shall be no coercive action against the Defendants till 31.3.2019.
It is made clear that this order shall not affect the obligation of the defendants under various settlement agreements whether the same be out of court or pursuant to mediation proceedings before various courts. The Defendants shall discharge their obligations under the settlement agreements after 31.3.2019. Further, in case of default in payments of monthly instalments in terms of settlement agreement, the plaintiffs and other investors shall be at liberty to pursue the case on merit and other legal recourses for the balance amount in terms of settlement agreement after 31.03.2019.
The third class of investors are those who have not entered into any settlement agreements with the Defendant No.
1. The said third class is accepting the money without prejudice to their rights and contentions in terms of their individual agreements with the Defendants or the list annexed hereto. However, the amounts stated as balance due to them in the List shall not be construed as an admission of the total claim amount due and payable to the said class of investors. However, the said third class of investors though their counsels tender their statement that they will not assail the present order or upset the present disbursal mechanism in any manner. The said statement is accepted. The rights and contentions of the said third class and the Defendants are left open. It is clarified that the stay on coercive action till 31.3.2019 does not apply in the cases of the parties with whom no settlement agreements have been entered with.
The above compromise formula has been agreed through the good offices of Mr. Kirti Uppal, Senior Advocate and Mr. T.K. Ganju, Senior Advocate as well as with the assistance of the various other advocates appearing before this Hon'ble Court."
CS(OS) 176/2015, 87/2018 & 88/2018 Page 6 of 1703.10.2018 UNIT HOLDERS OF REPRESENTATIVE SUIT : KAMAL SHARMA & ORS V/S BLUE COAST IN CS (OS) 176 OF 2015 S.No. PARTICULARS BALANCE AMOUNT DUE UPTO 31.03.2019 1 KAMAL SHARMA 81,29,62,431 24,32,56,234 SUIT 2 KAMAL SHARMA 79,32,53,583 21,75,21,383 IMPLEADMENT 3 MOU SIGNED 57,86,82,249 16,14,00,982 AND UNITHOLDERS PAID PARTLY 4 MOU NOT 25,39,07,000 6,42,11,000 SIGNED HOWEVER UNITHOLDERS PAID PARTLY 5 MOU SIGNING IN 71,74,12,664 8,10,62,250 PROCESS 6 Wimberly Allison 3,33,48,803 3,33,48,803 Tong & Goo UK Ltd. (OMP) (Enf.) (Comm.) 48 of 2016 TOTAL 3,18,95,66,730 80,08,00,652 S.NO PLANTIFF NAME OF PLANTIFF BALANCE DUE UPTO` NO. / APPLICANT AMOUNT 31.03.2019 (A) (D) (E) Kamal Sharma / Madhu 2,16,25,000.00 54,00,000.00 1&2 1&2 Sharma 3 3 Suresh Chandra Sharma 2,09,25,000.00 54,00,000.00 4 4 G.K.Taneja 36,98,745.00 19,50,000.00 5 5 Asha Taneja 36,98,745.00 19,50,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 7 of 17 6 6 Rakhi Seth 36,98,745.00 19,50,000.00 7 7 Ritu Grover 33,98,745.00 16,50,000.00 8 8 Anand Singh 1,05,27,920.00 30,50,000.00 9 9 Ajay Kumar Jaiswal 1,58,66,880.00 33,00,000.00 10 10 Ajay Puri 48,65,624.00 18,00,000.00 11 11 Ganga Parshad Puri 48,65,624.00 18,00,000.00 12 12 Raman Puri 48,65,624.00 18,00,000.00 13 13 Jaspreet Singh Lamba 1,62,70,000.00 32,50,000.00 14 14 Bani Kaur 22,85,000.00 10,50,000.00 15 15 Gurvinder Kaur Lamba 22,85,000.00 10,50,000.00 16 16 Gunjan Deep Lamba 22,85,000.00 10,50,000.00 17 17 Sumant Mehta 1,31,07,500.00 37,00,000.00 18 18 Subhash Chander Mehta 65,53,750.00 18,50,000.00 19 19 Veena S Mehta 65,53,750.00 18,50,000.00 20 20 Sudesh Mehta 65,97,000.00 18,50,000.00 21 21 Anju Mehta 65,97,000.00 18,50,000.00 22 22 Bimla Gupta 2,45,28,000.00 55,50,000.00 23 23 Himanshu Sharma 1,97,50,000.00 41,00,000.00 24 24 Vaishali Gore 98,75,000.00 20,50,000.00 B. Sudhas Chander 49,37,500.00 10,25,000.00 25 25 Reddy 26 26 Manjula Reddy Gore 16,47,150.00 3,41,940.00 26 26 Anila Reddy Beravol 16,68,000.00 3,62,790.00 26 26 K Shailaja Reddy 16,43,200.00 3,41,120.00 27 27 V.K.Jain 1,51,00,000.00 59,00,000.00 28 28 Sudha Jain 1,51,00,000.00 59,00,000.00 29 29 Bimla Duhan 3,24,00,000.00 44,00,000.00 30 30 Taufiq ur Rehman 1,25,85,000.00 36,00,000.00 31 31 Naheed Rehman 1,23,85,000.00 34,00,000.00 32 32 Jagmohan Singh Luthra 50,25,150.00 23,19,300.00 33 33 Neelam Luthra 93,98,250.00 42,00,000.00 34 34 Sandeep Khanna 42,51,145.00 18,60,000.00 35 35 Rajni Khanna 42,45,939.00 18,87,084.00 36 36 Varun Khanna 42,51,145.00 18,60,000.00 37 & Anil Malhotra / Radha 1,25,00,000.00 30,00,000.00 38 37 & 38 Malhotra 39 & Rimma Malhotra & 1,13,00,000.00 36,00,000.00 40 39 & 40 Sunil Malhotra 41 41 Dhiraj Malhotra 51,80,200.00 19,00,000.00 42 42 Elisha Suri Malhotra 51,80,200.00 19,00,000.00 43 43 Sanjiv Dewan 2,07,37,000.00 50,00,000.00 44 44 Rupa Suri 1,04,60,400.00 25,00,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 8 of 17 45 45 AKLD Infotech LLP 2,84,00,000.00 89,50,000.00 46 46 Anil Kumar (HUF) 1,96,25,000.00 56,25,000.00 Dharmendra Kumar 60,00,000.00 60,00,000.00 47 47 Agrawal 48 48 Achint Naveen 44,00,000.00 44,00,000.00 49 49 Deepak Luthra 94,38,000.00 23,76,000.00 50 50 Chandni Luthra 1,07,25,000.00 27,00,000.00 51 51 Manev Luthra 12,87,000.00 3,06,000.00 52 52 Manev Luthra 45,00,000.00 12,50,000.00 53 53 Shikha Chawla 45,00,000.00 12,50,000.00 54 54 Aseem Bhatia 1,60,00,000.00 1,12,00,000.00 55 55 Reema Pillai 1,65,00,000.00 24,00,000.00 56 56 Manika Chopra 2,26,00,000.00 53,00,000.00 57 57 Areeb Rizwan Khan 47,08,960.00 18,78,720.00 58 58 Imran Shafique Ansari 14,87,040.00 5,93,280.00 59 59 Rizwanullah Khan 68,15,000.00 29,40,000.00 60 60 Shahnaz Asif 74,23,000.00 29,40,000.00 Ashish Chhabra/Amitabh 2,10,00,000.00 50,00,000.00 61 , 62 Chhabra/Nirmal & 63 61 , 62 & 63 Chhabra 64 64 Rajiv Vaswani 2,23,32,000.00 56,00,000.00 65 65 Seema V. Bhatnagar 1,38,00,000.00 14,00,000.00 66 66 Madhu Sudan Rateria 59,00,000.00 18,00,000.00 67 67 Aditya Rateria 59,00,000.00 18,00,000.00 68 68 Akshay Kapur 1,50,60,000.00 38,00,000.00 69 69 Manik Mahna 1,50,60,000.00 40,00,000.00 70 & Gaurav Rakyan / Manju 2,21,00,000.00 51,00,000.00 71 70 & 71 Rakyan 72 72 Sharad Kumar Patney 45,50,000.00 16,50,000.00 73 73 Prabhat 52,50,000.00 13,50,000.00 74 74 Sheela Rani 42,50,000.00 18,00,000.00 75 75 HIM Buildtech 2,03,87,500.00 48,00,000.00 76 76 Harinder Singh Kochar 1,34,50,000.00 44,50,000.00 77 77 Jugtar Kochar 1,34,50,000.00 44,50,000.00 78 78 Neha Bajaj 1,82,87,000.00 51,50,000.00 79 79 Nakul Bajaj 2,43,73,000.00 72,50,000.00 Grafitti Designers 66,00,000.00 51,00,000.00 80 80 Pvt.Ltd 81 81 Rajesh Sabharwal 1,20,85,000.00 41,00,000.00 81 SUB-TOTAL 81,29,62,431.00 24,32,56,234.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 9 of 17 Applicant No. IA.No. 18325/2015 82 & Rakesh Malhotra / 1,65,00,000.00 1,21,00,000.00 83 1&2 Sangeeta Malhotra 84 & Beant Singh Virk / 55,24,500.00 45,50,000.00 85 3&4 Anumeet Kaur Virk 86 5 Surendra Kumar 1,70,00,000.00 50,00,000.00 87 & 1,10,41,000.00 38,00,000.00 88 6&7 Prashant Bajaj 89 8 Apar Kaur 1,01,72,500.00 23,40,000.00 90 9 Sarabjit Singh 54,77,500.00 12,60,000.00 91 10 Shivam Sardana 52,80,190.00 21,45,000.00 92 11 Sudesh Singh 70,07,810.00 30,00,000.00 93 12 Subash Gupta 3,28,68,000.00 84,00,000.00 94 13 Pradeep Kumar Jaiswal 2,31,82,500.00 89,64,000.00 95 14 Monica Bindra 2,40,17,000.00 84,00,000.00 14 SUB-TOTAL 15,80,71,000.00 5,99,59,000.00 Applicant No. IA.No. 20269/2015 96 1 Rajinder Kumar Manak 9,78,450.00 8,00,550.00 97 2 Kapil Manak 11,41,525.00 9,33,975.00 98 3 Vikram Manak 11,41,525.00 9,33,975.00 99 4 Amit Garg 4,02,50,000.00 92,00,000.00 100 5 Parul Garg 4,02,50,000.00 92,00,000.00 101 6 Rajat Verma HUF 3,82,81,000.00 93,00,000.00 6 SUB-TOTAL 12,20,42,500.00 3,03,68,500.00 Applicant No. IA.No. 983/2016 102 1 Meena Prakash 1,27,00,000.00 30,00,000.00 103 2 Raghvendra Nath 25,22,700.00 6,75,000.00 104 3 Rita Nath 25,22,700.00 6,75,000.00 105 4 Anil Chuttani 88,71,500.00 20,50,000.00 Samir Kumar Dang 88,71,500.00 20,50,000.00 106 5 Manoj Chugh 1,26,00,000.00 30,75,000.00 107 6 Kiran Chugh 1,26,00,000.00 30,75,000.00 108 7 Kellsons Kashmir House 89,45,000.00 39,00,000.00 7 SUB-TOTAL 6,96,33,400.00 1,85,00,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 10 of 17 Applicant No. IA.No. 15031/2017 109 1 Kusum Bala Das 2,47,50,000.00 64,50,000.00 110 2 Sanjay Kumar 2,13,00,000.00 56,00,000.00 111 3 Vijay Singh Yadav 67,00,000.00 24,00,000.00 112 4 Anita Singh Yadav 67,00,000.00 26,00,000.00 113 5 Sartaj Singh Sekhon 1,44,00,000.00 42,00,000.00 5 SUB-TOTAL 7,38,50,000.00 2,12,50,000.00 Applicant No. IA.No. 1036/2017 114 1 Swati Jalan 82,90,688.00 20,22,800.00 115 2 Raj Kumar Jalan 1,08,81,300.00 26,55,250.00 116 3 Promod Kumar Taneja 64,87,500.00 13,50,000.00 117 4 Sudha Taneja 63,37,500.00 18,50,000.00 118 5 Ajay Khanna 1,02,28,700.00 26,00,000.00 119 6 Rajeev Khanna 1,02,28,700.00 26,00,000.00 120 7 Bhagat Singh 39,87,000.00 9,75,000.00 Bhagat Singh & Sons 39,87,000.00 9,75,000.00 121 8 (HUF) 122 9 Vanya Varma 47,25,000.00 12,00,000.00 123 10 Sumant Varma 47,25,000.00 12,00,000.00 The India Thermit 2,89,14,000.00 40,15,833.33 124 11 Corporation Limited 125 & Inder Mohan Singh 56,80,840.00 13,50,000.00 126 12 & 13 (HUF) 127 14 Himmat Singh Gill 56,80,840.00 13,50,000.00 128 15 Jaiveer Gill 1,13,61,680.00 27,00,000.00 129 16 Amandeep Singh Bal 2,41,52,625.00 60,00,000.00 130 17 Amarpreet Singh Bal 2,41,52,625.00 60,00,000.00 131 18 Rakesh Sakhuja 25,00,000.00 6,50,000.00 132 19 Alka Sakhuja 25,00,000.00 6,50,000.00 Anmol Solutions Private 2,91,20,000.00 72,00,000.00 133 20 Limited 134 21 Atul Joshi 19,16,667.00 5,00,000.00 135 22 Pravesh Joshi 19,16,667.00 5,00,000.00 136 23 Rani Joshi 19,16,666.00 5,00,000.00 137 24 Inder Jeet Arora 1,68,00,250.00 42,00,000.00 138 25 Jiwan Kumar Arora 1,68,00,250.00 42,00,000.00 139 26 Shalu Arora 22,50,000.00 6,25,000.00 140 27 Sunaina Arora 22,50,000.00 6,25,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 11 of 17 141 28 Satpal Arora 39,12,500.00 9,00,000.00 142 29 Nitin Arora 39,12,500.00 9,00,000.00 143 30 Manish Arora 39,12,500.00 9,00,000.00 144 31 Usha Arora 39,12,500.00 9,00,000.00 Virendra Prakash 2,81,70,000.00 66,00,000.00 145 32 Kaushik 146 33 Suvendu Banerjee 76,85,155.00 18,00,000.00 Suvendu Banerjee 1,09,69,400.00 27,00,000.00 147 34 Vijendra Kumar 1,96,66,400.00 48,00,000.00 148 35 Om Prakash Shekhawat 38,40,000.00 10,00,000.00 149 36 Mithlesh Shekhawat 38,40,000.00 10,00,000.00 150 37 Saroj Kanwar 76,80,000.00 19,50,000.00 37 SUB-TOTAL 34,52,92,453.00 8,19,43,883.33 Applicant No. IA.No. 24909/2017 151 1 Tarun Gandhi 1,21,82,115.00 27,50,000.00 152 2 Kavita Gandhi 1,21,82,115.00 27,50,000.00 Investors under Kamal 81 Sharma Suit 81,29,62,431.00 24,32,56,234.00 Investors under 71 Impleadment 79,32,53,583.00 21,75,21,383.33 152 TOTAL 1,60,62,16,014.00 46,07,77,617.33 MOU SIGNED AND UNITHOLDERS PAID PARTLY Surender Kaur / Harman 1,70,00,000.00 70,00,000.00 153 1 Singh / Amrita Singh 154 2 Sidharth Gupta 0.00 0.00 155 3 Neeru Arora 98,90,280.00 27,45,000.00 156 4 Pooja Arora 10,98,920.00 3,05,000.00 157 5 Ravi Saigal 43,50,000.00 33,00,000.00 158 6 Anupam Gupta 0.00 0.00 159 7 Ravinder Kumar Bajaj 26,28,560.00 8,15,760.00 160 8 Bharat Bajaj 26,28,560.00 8,15,760.00 161 9 Vandana Bajaj 27,41,860.00 9,51,720.00 162 10 Deepak Bajaj 36,18,260.00 11,20,700.00 163 11 Kumar Munan 41,56,696.00 21,75,152.00 164 12 Kumar Anupam 38,32,567.00 24,70,673.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 12 of 17 165 13 Kumar Aniket 38,32,567.00 24,70,673.00 Rajesh Kumar Singh & 1,34,62,744.00 79,89,568.00 166 14 Jaytishree Singh Gurcharan Singh & 1,62,50,000.00 48,00,000.00 167 15 Shikha Chawla 168 16 Ramesh Chandra Sharma 39,49,565.00 14,00,000.00 169 17 Kartik Sharma 39,49,565.00 14,00,000.00 170 18 Shivangi Sharma 39,49,565.00 14,00,000.00 171 19 Indu Oberoi 72,55,450.00 26,00,000.00 172 20 Budh Singh Sidhu 3,28,08,000.00 1,12,50,000.00 173 21 Mandeep Bhatia 2,11,00,000.00 39,00,000.00 174 22 Amarjit Singh Chonker 1,66,87,796.00 77,02,056.00 175 23 Jatinder Kaur Chonker 1,73,29,688.00 83,43,920.00 Arun Loomba / Vaibhav 1,73,60,640.00 34,00,000.00 176 24 Loomba Dr. Jyoti Super Speciality 1,16,94,000.00 42,00,000.00 Homoeopathic Clinic 177 25 Pvt. Ltd 178 26 Neelam Singh 1,86,21,000.00 49,00,000.00 Anushree Chauhan / 1,25,42,000.00 30,50,000.00 179 27 Neelm Singh 180 28 Balraj Kapoor 2,73,70,000.00 72,50,000.00 181 29 Sudershan Kumar Sareen 3,46,55,000.00 92,95,000.00 Anand Kumar Gupta / 1,29,81,000.00 33,00,000.00 182 30 Suman Gupta Rajesh Kumar Singh & 80,25,000.00 24,00,000.00 183 31 Nupur Chauhan 184 32 Narender Pal Singh Sethi 84,78,000.00 30,00,000.00 185 33 Amit Kumar Singh 1,10,00,000.00 36,00,000.00 186 34 Gaurav Chhiba 1,46,96,000.00 39,50,000.00 187 35 Shiv Kumar Sharma 2,03,23,166.00 33,00,000.00 188 36 Akshay Kashyap 2,22,00,000.00 33,00,000.00 189 37 Lalit Wadhwa 2,58,37,000.00 48,00,000.00 190 38 Lalit Wadhwa 2,70,52,000.00 48,00,000.00 Kiran Virmani & Divya 1,10,37,000.00 18,00,000.00 191 39 Grover 192 40 Vidya Bhushan Jain HUF 1,58,57,800.00 27,00,000.00 193 41 Serenity Real Estates 3,38,72,000.00 48,00,000.00 194 42 Surjeet Kaur Rekhi 2,62,80,000.00 63,00,000.00 195 43 Preeti Chhabra 2,62,80,000.00 63,00,000.00 43 SUB-TOTAL 57,86,82,249.00 16,14,00,982.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 13 of 17 MOU NOT SIGNED HOWEVER UNITHOLDERS PAID PARTLY 196 1 Suresh Raina 2,90,70,000.00 87,50,000.00 197 2 Mahendra Singh Dhoni 13,30,00,000.00 2,25,00,000.00 Rhiti Sports Management 2,35,00,000.00 1,20,00,000.00 198 3 Pvt Ltd 199 4 Karan Singh 1,65,00,000.00 52,50,000.00 200 5 Jayant Sahai 33,55,500.00 33,55,500.00 201 6 Pranav Sahai 33,55,500.00 33,55,500.00 202 7 Kishore Kapur 2,24,90,000.00 30,00,000.00 Kanwar Davindra Singh 2,26,36,000.00 60,00,000.00 203 8 & Amarjeet Kaur 8 SUB-TOTAL 25,39,07,000.00 6,42,11,000.00 MOU SIGNING IN PROCESS (Payments will start from 01.12.2018) 204 1 Akshay Puri / Ashok Puri 1,84,56,000.00 24,00,000.00 205 2 Aasmieet S Madan 5,95,18,000.00 30,00,000.00 206 3 Balraj Kapoor 3,74,95,000.00 36,00,000.00 207 4 Chander Kanta Kapoor 5,83,85,000.00 36,00,000.00 Rajeev Kumar Bhadani 1,80,45,000.00 30,00,000.00 208 5 (HUF) 209 6 Shashi Jain & Renu Jain 1,80,45,000.00 30,00,000.00 210 7 Virat Kohli 5,42,40,000.00 1,05,00,000.00 Rajeev Kumar Bhadani 1,80,45,000.00 30,00,000.00 211 8 (HUF) 212 9 Rajiv Kapoor 5,58,03,000.00 36,00,000.00 Sarb Balraj Kapoor & 3,30,22,000.00 36,00,000.00 213 10 Sons (HUF) & Ors 0.00 Amrish Prakash Kumar/ 2,31,91,200.00 21,00,000.00 214 1 Ashvin Prakash Kumar 215 2 Abhay Chandra 73,63,000.00 12,90,000.00 216 3 Bimla Devi 80,37,000.00 20,09,250.00 B4S Solutions Pvt Ltd (Director Rama Kant 1,79,89,000.00 30,00,000.00 217 4 Sharma) 218 5 Heminder Gill 2,49,55,000.00 30,00,000.00 219 6 Jasbir Singh Tikka 2,12,24,000.00 24,00,000.00 220 7 Manmeet Singh 2,73,36,000.00 30,00,000.00 221 8 Rajiv Kapoor 3,74,75,000.00 30,00,000.00 222 9 Rakesh Sood 1,83,95,000.00 24,00,000.00 223 10 Udaya Devi 98,28,000.00 16,38,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 14 of 17 Virander Singh/Naresh 2,15,61,000.00 24,00,000.00 224 11 Singh/ Pradeep Singh The Institution of Civil 1,21,50,000.00 20,25,000.00 225 12 Engineers Society 226 13 Vikram Yadav 9,00,000.00 4,50,000.00 227 14 Manmeet Singh 95,00,000.00 18,00,000.00 228 15 Ajay Lal 2,81,93,000.00 18,00,000.00 229 16 Surender Jit Singh Batra 14,54,464.00 6,00,000.00 230 17 Ajit Kumar 10,00,000.00 6,00,000.00 231 18 Gurpreet Kaur 10,00,000.00 6,00,000.00 232 19 Vibhuti Gupta 20,00,000.00 6,00,000.00 233 20 Savinder Grover 10,00,000.00 6,00,000.00 234 21 Paramjit Gandhi 3,38,00,000.00 30,00,000.00 235 22 Kaushalendra Kumar 91,63,000.00 16,50,000.00 236 23 Ajay Lal 2,88,44,000.00 18,00,000.00 33 SUB-TOTAL 71,74,12,664.00 8,10,62,250.00 Wimberly Allison Tong 3,33,48,803.00 3,33,48,803.00 237 & Goo UK Ltd.
237 GRAND TOTAL 3,18,95,66,730 80,08,00,652 It is pertinent to mention that no winding up order has been passed against the defendant no. 1-company till date.
Moreover, most of its creditors have settlement agreement and by releasing payments in accordance with the aforesaid consensual order, the plaintiff as well as other applicants/defendants who have filed impleadment applications will receive, in advance, payments till 31st March, 2019 and reminder of their claims and rights will remain alive and the defendants will also be complying with consensual settlement agreements.
Even those creditors who have no settlement agreement will receive some succour without jeopardizing their rights to file appropriate proceedings.
Consequently, the oral prayer for passing an order in terms of the aforesaid draft consensual order is accepted and it is directed that the draft consensual order reproduced hereinabove CS(OS) 176/2015, 87/2018 & 88/2018 Page 15 of 17 shall be read as an order of this Court.
It is also clarified that in the event the Division Bench of this Court directs the defendant no. 9-DIAL to make any payment to defendant no. 2, then the defendant no. 9 shall deposit the said amount in CS (OS) 176/2015 with the Registry of this Court.
With the aforesaid directions, defendant no. 9 is deleted from the array of parties.
The Registrar General is directed to release payments in accordance with the consensual order passed today as well as the schedule annexed thereto.
List before Registrar General on 15th October, 2018 for handing over of cheques to the counsel for the creditors.
List before Court on 31st January, 2019. Amounts, if any, left after the disbursal to be retained by the Registry and kept in fixed deposit receipt.
I.A. 1337/2015, 12805/2015, 12973/2015, 10221/2017 in CS (OS) 176/2015 Learned counsel for the applicants/plaintiffs wishes to withdraw the present applications with liberty to re-file the same after 31st March, 2019.
With the aforesaid liberty, present applications stand disposed of as withdrawn.
I.As. 17272/2015 & 17273/2015 in CS (OS) 176/2015 Learned counsel for the applicants/plaintiffs wishes to withdraw the present applications.
Accordingly, the same are dismissed as withdrawn. I.As. 1338/2015, 5001/2015, 20062/2015, 1503-1504/2016, 6234/2018 in CS (OS) 176/2015 Present applications have become infructuous and they accordingly stand disposed of.
I.A. 14310/2015, 23235/2015, 23236/2015 in CS (OS) 176/2015 In view of the order passed today and with the consent of the parties, no further orders are called for in the present CS(OS) 176/2015, 87/2018 & 88/2018 Page 16 of 17 applications.
Accordingly, the present applications stand disposed of.
I.A. 9444-9447/2016, 10961/2016 in CS (OS) 176/2015 I.A. 11405/2018 in CS (OS) 87/2018 I.A. 11404/2018 in CS (OS) 88/2018 In view of the consensual order passed today, the delay in filing the written statements is condoned and the same are taken on record.
Accordingly, the applications stand disposed of. Order dasti."
MANMOHAN, J OCTOBER 11, 2018 js CS(OS) 176/2015, 87/2018 & 88/2018 Page 17 of 17