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Delhi High Court - Orders

(33) Dlf Limited vs Pnb Housing Finance Limited & Ors on 11 December, 2023

Author: Sachin Datta

Bench: Sachin Datta

                                    $~33, 34, 42 & 43
                                    *     IN THE HIGH COURT OF DELHI AT NEW DELHI
                                    +     ARB.P. 1190/2023
                                    (33) DLF LIMITED                                     ..... Petitioner
                                                          Through : Mr. Rajiv Nayar, Sr. Adv. along with
                                                                    Ms. Ruby Singh, Mr. Kartik Nayar, Mr.
                                                                    Pravin, Mr. Isham Gaur, Mr.
                                                                    Jappanpreet, Mr. Saurav Kumar and
                                                                    Ms. M. Das Gupta, Advs.
                                                                versus
                                          PNB HOUSING FINANCE LIMITED & ORS. ..... Respondents
                                                           Through: Mr. Akhil Sibal, Sr. Adv. along with
                                                                       Ms. Shalaka Patil, Ms. Poulomi
                                                                       Mehta, Ms. Srishti Khare, Mr.
                                                                       Kartikeya Jha, Mr. Porus Titina, Mr.
                                                                       Bahuli Sharma, Advs. for R1.
                                                                       Mr. Prag Tripathi, Sr. Adv. and Mr.
                                                                       Dayan Krishnan, Sr. Adv. along with
                                                                       Mr. Vijay Nair, Mr. Rajat Joneja, Mr.
                                                                       Arpit Dwivedi, Ms. Sakshi Kapoor,
                                                                       Mr. Anmol Kumar and Ms.
                                                                       Vasundhara and Ms. Arushi Mishra,
                                                                       Advs. for R2.
                                                                       Mr. Saurabh Kirpal, Sr. Adv. along
                                                                       with Mr. Nishit D. and Mr. Yash,
                                                                       Advs. for R3.
                                                                       Mr. Arun Kathpalia, Sr. Adv.
                                                                       alngwith Mr. Sajit Suvarma, Mr.
                                                                       Nirau Shah, Ms. Aneesha Cheema,
                                                                       Ms. Shivani Khanwilkar, Mr. Varun
                                                                       Kalra, Mr. Nikunj Mahajan, Advs. for
                                                                       R-4/Hubtown
                                                                       Mr. Sandeep Sethi, Sr. Adv. along
                                                                       with Ms. Kanika Agnihotri, Mr.
                                                                       Jasmeet Singh, Mr. Mahinder Singh
                                                                       Hura, Mr. Divjot Singh Bhatia, Mr.
                                                                       Saif Ali, Mr. Pushpendra S.
                                                                       Bhadoriya, Ms. Rusheet Saluja, Mr.




This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 13/12/2023 at 10:22:15
                                                                                                                Vijay Sharma and Ms. Pratiksha
                                                                                                               Chaturvedi and Mr. Amit Mishra,
                                                                                                               Advs. for R5.
                                                                                                               Mr. Harin P. Raval, Mr. Karan
                                                                                                               Bharihoke and Mr. Siddhant Sharma,
                                                                                                               and Ms. Shreshtha, Advs. for R6.
                                                                                                               Mr. Nakul Dewan, Sr. Adv. along
                                                                                                               with Mr. Aditya Dewan and Mr. Parth
                                                                                                               Tiwari, Advs. for R7.
                                    +    ARB.P. 1191/2023
                                    (34) CHINSHA PROPERTY PRIVATE LIMITED            ..... Petitioner
                                                          Through: Mr. Sandeep Sethi, Sr. Adv. along
                                                                   with Ms. Kanika Agnihotri, Mr.
                                                                   Jasmeet Singh, Mr. Mahinder Singh
                                                                   Hura, Mr. Divjot Singh Bhatia, Mr.
                                                                   Saif Ali, Mr. Pushpendra S.
                                                                   Bhadoriya, Ms. Rusheet Saluja, Mr.
                                                                   Vijay Sharma and Ms. Pratiksha
                                                                   Chaturvedi and Mr. Amit Mishra,
                                                                   Advs.
                                                          versus
                                         PNB HOUSING FINANCE LIMITED & ORS. ..... Respondents
                                                          Through: Mr. Arunabh Chaudhary, Sr. Adv.
                                                                   along with Mr. Ashish K. Singh, Ms.
                                                                   Muskan Malhotra, Ms. Palak Tyagi,
                                                                   Mr. Amit K. Singh, Mr. Rishabh
                                                                   Sharma and Mr. Ritvik Bhardwaj,
                                                                   Advs. R1.
                                                                   Mr. Prag Tripathi, Sr. Adv. and Mr.
                                                                   Dayan Krishnan, Sr. Adv. along with
                                                                   Mr. Vijay Nair, Mr. Rajat Joneja, Mr.
                                                                   Arpit Dwivedi, Ms. Sakshi Kapoor,
                                                                   Mr. Anmol Kumar and Ms.
                                                                   Vasundhara and Ms. Arushi Mishra,
                                                                   Advs. for R2.
                                                                   Mr. Saurabh Kirpal, Sr. Adv. along
                                                                   with Mr. Nishit D. and Mr. Yash,
                                                                   Advs. for R3.




This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 13/12/2023 at 10:22:15
                                                                      Mr. Arun Kathpalia, Sr. Adv.
                                                                     alngwith Mr. Sajit Suvarma, Mr.
                                                                     Nirau Shah, Ms. Aneesha Cheema,
                                                                     Ms. Shivani Khanwilkar, Mr. Varun
                                                                     Kalra, Mr. Nikunj Mahajan, Advs. for
                                                                     R-5/Hubtown.
                                                                     Mr. Karan Bharihoke and Mr.
                                                                     Siddhant Sharma, Advs. for R6.
                                                                     Mr. Nakul Dewan, Sr. Adv. along
                                                                     with Mr. Aditya Dewan and Mr. Parth
                                                                     Tiwari, Advs. for R7.
                                    +    O.M.P.(I) (COMM.) 392/2023 and IA No.23993/2023
                                    (42) DLF LIMITED                                    ..... Petitioner
                                                        Through: Mr. Rajiv Nayar, Sr. Adv. along with
                                                                     Ms. Ruby Singh, Mr. Kartik Nayar,
                                                                     Mr. Pravin, Mr. Isham Gaur, Mr.
                                                                     Jappanpreet, Mr. Saurav Kumar and
                                                                     Ms. M. Das Gupta, Advs.
                                                        versus
                                         PNB HOUSING FINANCE LIMITED & ORS. ..... Respondents
                                                        Through: Mr. Akhil Sibal, Sr. Adv. along with
                                                                     Ms. Shalaka Patil, Ms. Poulomi
                                                                     Mehta, Ms. Srishti Khare, Mr.
                                                                     Kartikeya Jha, Mr. Porus Titina, Mr.
                                                                     Bahuli Sharma, Advs. for R1.
                                                                     Mr. Prag Tripathi, Sr. Adv. and Mr.
                                                                     Dayan Krishnan, Sr. Adv. along with
                                                                     Mr. Vijay Nair, Mr. Rajat Joneja, Mr.
                                                                     Arpit Dwivedi, Ms. Sakshi Kapoor,
                                                                     Mr. Anmol Kumar and Ms.
                                                                     Vasundhara and Ms. Arushi Mishra,
                                                                     Advs. for R2.
                                                                     Mr. Saurabh Kirpal, Sr. Adv. along
                                                                     with Mr. Nishit D. and Mr. Yash,
                                                                     Advs.
                                                                     Mr. Arun Kathpalia, Sr. Adv.
                                                                     alngwith Mr. Sajit Suvarma, Mr.
                                                                     Nirau Shah, Ms. Aneesha Cheema,




This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 13/12/2023 at 10:22:16
                                                                      Ms. Shivani Khanwilkar, Mr. Varun
                                                                     Kalra, Mr. Nikunj Mahajan, Advs. for
                                                                     R-3/Hubtown
                                                                     Mr. Nakul Dewan, Sr. Adv. along
                                                                     with Mr. Aditya Dewan and Mr. Parth
                                                                     Tiwari, Advs. for R5.
                                                                     Mr. Karan Bharihoke and Mr.
                                                                     Siddhant Sharma, Advs.
                                                                     Mr. Aditya Vardhan Sharma, Adv. for
                                                                     R6.
                                                                     Mr. Sandeep Sethi, Sr. Adv. along
                                                                     with Ms. Kanika Agnihotri, Mr.
                                                                     Jasmeet Singh, Mr. Mahinder Singh
                                                                     Hura, Mr. Divjot Singh Bhatia, Mr.
                                                                     Saif Ali, Mr. Pushpendra S.
                                                                     Bhadoriya, Ms. Rusheet Saluja, Mr.
                                                                     Vijay Sharma and Ms. Pratiksha
                                                                     Chaturvedi and Mr. Amit Mishra,
                                                                     Advs. for R7.
                                    +    O.M.P.(I) (COMM.) 395/2023 and IA Nos.24425/2023, 24426/2023
                                    (43) CHINSHA PROPERTY PRIVATE LIMITED               ..... Petitioner
                                                        Through: Mr. Sandeep Sethi, Sr. Adv. along
                                                                     with Ms. Kanika Agnihotri, Mr.
                                                                     Jasmeet Singh, Mr. Mahinder Singh
                                                                     Hura, Mr. Divjot Singh Bhatia, Mr.
                                                                     Saif Ali, Mr. Pushpendra S.
                                                                     Bhadoriya, Ms. Rusheet Saluja, Mr.
                                                                     Vijay Sharma and Ms. Pratiksha
                                                                     Chaturvedi and Mr. Amit Mishra,
                                                                     Advs.
                                                        versus
                                                PNB HOUSING FINANCE LIMITED & ORS. ..... Respondents
                                                              Through: Mr. Ashish K. Singh, Ms. Muskan
                                                                       Malhotra and Ms. Palak Tyagi, Advs.
                                                                       for R1.
                                                                       Mr. Prag Tripathi, Sr. Adv. and Mr.
                                                                       Dayan Krishnan, Sr. Adv. along with
                                                                       Mr. Vijay Nair, Mr. Rajat Joneja, Mr.




This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 13/12/2023 at 10:22:16
                                                                                                                Arpit Dwivedi, Ms. Sakshi Kapoor,
                                                                                                               Mr. Anmol Kumar and Ms.
                                                                                                               Vasundhara and Ms. Arushi Mishra,
                                                                                                               Advs. for R2.
                                                                                                               Mr. Saurabh Kirpal, Sr. Adv. along
                                                                                                               with Mr. Nishit D. and Mr. Yash,
                                                                                                               Advs.
                                                                                                               Mr. Arun Kathpalia, Sr. Adv.
                                                                                                               alngwith Mr. Sajit Suvarma, Mr.
                                                                                                               Nirau Shah, Ms. Aneesha Cheema,
                                                                                                               Ms. Shivani Khanwilkar, Mr. Varun
                                                                                                               Kalra, Mr. Nikunj Mahajan, Advs. for
                                                                                                               R-3/Hubtown
                                                                                                               Mr. Karan Bharihoke and Mr.
                                                                                                               Siddhant Sharma, Advs.
                                                                                                               Mr. Nakul Dewan, Sr. Adv. along
                                                                                                               with Mr. Aditya Dewan and Mr. Parth
                                                                                                               Tiwari, Advs. for R5.
                                                CORAM:
                                                HON'BLE MR. JUSTICE SACHIN DATTA
                                                             ORDER

% 11.12.2023 ARB.P. 1190/2023 & ARB.P. 1191/2023

1. Mr. Parag Tripathi, learned senior counsel appearing on behalf of 'Omkara Asset Reconstruction' and Mr. Arun Kathpalia, learned senior counsel appearing on behalf of 'Hubtown Limited' have concluded their arguments.

2. List for further arguments on 12.12.2023. O.M.P.(I) (COMM.) 392/2023 & O.M.P.(I) (COMM.) 395/2023

3. Re-notify on 12.12.2023.

SACHIN DATTA, J DECEMBER 11, 2023/AT This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 13/12/2023 at 10:22:16