that M/s Dewan Housing Finance Corporation
Ltd. (hereinafter referred to as DHFL), Kapil Wadhawan, the then
Chairman & MD of DHFL, Dheeraj Wadhawan, Director ... DHFL,
Shri Sudhakar Shetty, M/s Amaryllis Realtors LLP (ARLLP), M/s
Gulmarg Realtors LLP (GRLLP), M/s Skylark Buildcon Pvt. Ltd.,
M/s Darshan
Dhfl Pramerica Life Insurance Company ... vs Sohan Singh & Anr. on 12 September, 2024
* IN THE HIGH COURT OF DELHI AT NEW DELHI
% Judgment reserved ... 3099/2024, CM APPL. 44171/2024 & CM APPL.
44172/2024
DHFL PRAMERICA LIFE INSURANCE COMPANY LTD
.....Petitioner
versus
SOHAN SINGH & ANR. .....Respondent
Prevention of Corruption Act, 1988 . The case was registered against
DHFL, its promoters Kapil Wadhawan (the applicant), Dheeraj
Wadhawan, and others for entering into ... misappropriated large portions of the
funds. Books of accounts of DHFL were allegedly falsified to conceal
the fraud. The consortium suffered a wrongful loss
Point,
Mumbai against M/s Dewan Housing Finance ( hereinafter referred to as
„DHFL'), Kapil Wadhawan, the then Chairman & Managing Director of
DHFL, Dheeraj ... Wadhawan, Director of DHFL, Shri Sudhakar Shetty, M/s
Amaryllis Realtors LLP (hereinafter referred to as „ARLLP‟), M/s Gulmarg
Realtors LLP (hereinafter referred
branches of
Dewan Housing Finance Corporation Limited (hereinafter referred to as
"DHFL") in Delhi, to the tune ... after 03.12.2019.
3. However, in the interim, insolvency proceedings were initiated
against DHFL under the IBC. In exercise of powers conferred under Section
227 read
Corruption Act, 1988 against M/s
Dewan Housing Finance Corporation Limited (DHFL), Kapil
Wadhawan, Dheeraj Wadhawan i.e. the applicant and others for
having entered ... said funds by falsifying the books of account of M/s
DHFL. The accused as named in RC2242022A0001 deliberately and
dishonestly defaulted on repayment
with M/s. Dewan Housing Finance
Ltd. ('DHFL'). On these representations, the complainant Manish
Garg had become interested in buying the said property ... remaining amount of Rs. 4,10,00,000/- directly to DHFL. Thereafter,
hehad paid a sum of Rs.96,83,738/- to DHFL as repayment
details of the insurance products included the following two products:
"1. DHFL Home Shield H L underwritten by Dhfl
Pramerica Life Insurance ... Residential Property insurance underwritten by
DHFL General Insurance Ltd. The Premium amount
is Rs.2,62,688.00/-."
11. The Sanction Letter dated 27.07.2018 issued
delivered.
10. Due to non- payment of the home loan to DHFL by the defendant it
turned into NPA. Thereafter, notices were issued by DHFL ... 1681/2015. In furtherance to
the notices issued, DHFL took the possession of the suit property and the
same was put to auction in proceedings
Vineet Malhotra, Mr. Vishal Gohri and
Mr. S. Kaushik, Advs. for DHFL.
CORAM:
HON'BLE MR. JUSTICE SURESH KAIT
SURESH KAIT, J. (Oral ... loan of
Rs.2 Crore from Deewan Housing Finance Ltd. (DHFL) besides
earlier loan of Rs.6 Crore. Thus, the total loan taken
