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58. To recall, the predecessor in interest of the Claimants, after
long eight years from 25.02.1991, filed the execution petition before
the Hon'ble Delhi High Court to secure reversion of the disputed
land in terms of Clause 10 of the Agreement imbued with the
comprehension that the Order disposing of the suit on withdrawal
on the basis of the settlement between the parties did yield a
compromise decree executable in law. This endeavor was resisted
by the predecessor in interest of the Respondents principally on two
counts namely, there did not exist any executable decree and that
the Project had not been abandoned. Though in the first round, the
Learned Single Judge, by in his Order dated 12.03.2004 did hold
that there was no decree to be executed and left the predecessor in
Digitally Signed
Signing Date:05.04.2024
16:29:33
interest of the Claimants to seek other remedies on the basis of
Clause 10 of the Agreement in accordance with law, in appeal, the
Learned Division Bench by its Order dated 18.11.2005 differed
from the said view and remanded the matter for a fresh decision
whereupon, the Learned Single Judge by his Order dated
30.11.2007, held that the decree holder i.e the predecessor in
interest of the Claimants was entitled to warrant of possession of
the disputed plot and directed issuance of such warrant. In the
appeal filed by the predecessor in interest of the Respondents, the
Learned Division Bench of the Hon'ble Delhi High Court by its
Order dated 15.04.2009 however restored the view that a dismissed
suit could not give rise to an executable decree. In the appeal,
preferred against the same by the Claimants before the Hon'ble
Apex Court, the dispute(s) arising out of the Agreement have been
referred to arbitration on the consent of the parties without forever
adjudicating the same on merits.