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Supreme Court - Daily Orders

National Highways Authority Of India vs M/S.Afcons Infrastructure Ltd. on 2 January, 2014

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ITEM NO.1                   COURT NO.2             SECTION XIV

              S U P R E M E     C O U R T   O F    I N D I A
                             RECORD OF PROCEEDINGS

CIVIL APPEAL NO(s). 9909 OF 2011

NATIONAL HIGHWAYS AUTHORITY OF INDIA                  Appellant (s)

                   VERSUS

M/S.AFCONS INFRASTRUCTURE LTD.                        Respondent(s)

(OFFICE REPORT FOR DIRECTIONS)

Date: 02/01/2014    This Appeal was called on for hearing today.

CORAM :
          HON’BLE MR. JUSTICE R.M. LODHA
          HON’BLE MR. JUSTICE SHIVA KIRTI SINGH


For Appellant(s) Mr. Kunal Datta, Adv.
                         Mr. Abhishek Kumar, Adv.
                        Ms. Momota Devi Oinam,Adv.

For Respondent(s)          Mr. Manu Seshadri, Adv.
                           Mr. Satya Mitra, Adv.
                           Ms. Apoorva Rajnish, Adv. for
                        M/S. Dua Associates

             UPON hearing counsel the Court made the following
                                 O R D E R

We have perused the Office Report for Directions dated 5th day of December, 2013.

We are satisfied that respondent may be permitted to withdraw the sum of Rs. 30,34,258/- (the interest accrued on the principal amount of Rs. 2,78,00,000/- deposited by the appellant).

The withdrawal of accrued interest by the respondent shall be subject to its furnishing bank guarantee to the satisfaction of the Registrar (J-I) for the sum of Rs. 30,34,258/-.

Office Report for Directions is ordered accordingly.

|(Rajesh Dham)                              | |(Renu Diwan)                   |
|Court Master                               | |Court Master                   |