Gail (India) Limited vs M/S Jewel Overseas Private Limited & Ors on 7 September, 2021
12. In addition to the above, it is noticed that the Respondent had been
directed to file and affidavit of assets vide order dated 24th May, 2021. The
directions for the affidavit were in terms of the judgment in Bhandari
Engineers & Builders Pvt. Ltd. v. Maharia Raj Joint Ventures 1 , which
stands overruled by the Division Bench of this Court in Delhi Chemical and
Pharmaceutical Works Pvt. Ltd. and Ors. v. Himgiri Realtors Pvt. Ltd. and
Ors. 2 . Therefore, it is now directed that the Respondents shall file an
affidavit disclosing its assets in Form 16A, Appendix E under Order XXI
Rule 41(2) of the Code of Civil Procedure, 1908. The said affidavit shall be
filed within a period of two weeks from today and would be placed before
the learned Arbitrator. In the said affidavit, the Respondents shall also
disclose the details of their bank accounts.