Kamal Sharma v. Blue Coast Infrastructure Development Pvt. Ltd.
2018-10-03
MANMOHAN
body2018
DigiLaw.ai
JUDGMENT : MANMOHAN, J. I.A. 1338/2015, I.A. 17272/2015, 17273/2015, 9867/2017, 12556/2018, 13462/2018, 13630-13631/018 in CS (OS) 176/2015 1. With consent of parties, present applications are allowed. Let an amended memo of parties be filed by the plaintiff within one week. 2. Accordingly, present applications stand disposed of. CS(OS) 176/2015, 87/2018, 88/2018 3. Today parties have handed over a draft consensual order along with schedule of payments to be paid to the creditors of the defendant no. 1, pursuant to directions of this Court dated 20th August, 2018 and 25th September, 2018, which is taken on record. The draft consensual order and List of investors to be re-paid are reproduced hereinbelow:- “The present matter has been pending before this Hon’ble Court as a representative suit. Without adverting to the merits of the matter, it may be noted that approximately Rs. 80.25 Crores (inclusive of interest) are lying with the Registry of this Hon’ble Court pursuant to a consent order dated 6.11.2017 whereby DIAL/Defendant No. 9 had been ordered to deposit the amounts as per the arbitral award dated 27.06.2017 with this Hon’ble Court instead of paying the same to Defendant No. 2. Since then, this Hon’ble Court has considered various methods and mechanisms for disbursal of the amount lying with it. After much deliberation, the Defendant Nos. 1 and 2, the Plaintiffs, and the other investors who were not arrayed as parties before this Hon’ble Court in Kamal Sharma and Ors. Vs. Blue Coast Infrastructure Development Pvt. Ltd. And Ors., CS (OS) 176 of 2015, have arrived at a mechanism to disburse the monies lying with this Hon’ble Court in the manner agreed as per the List dated 1.10.2018 supplied by the defendant no. 1 (appended herewith). The Defendant Nos. 3 – 8 have no objection to the aforesaid. The disbursal of the monies is being undertaken on a formula without prejudice to the rights and contention of the parties wherein all parties are receiving certain monies in partial satisfaction of their claims whereas the remainder of their claims will remain alive. It may be noted that in cases where there is no settlement agreement, the monies are being received by the investors without prejudice to their eventual claims. However, many of the Plaintiffs as well as parties not arrayed before this Hon’ble Court in Kamal Sharma and Ors. Vs.
It may be noted that in cases where there is no settlement agreement, the monies are being received by the investors without prejudice to their eventual claims. However, many of the Plaintiffs as well as parties not arrayed before this Hon’ble Court in Kamal Sharma and Ors. Vs. Blue Coast Infrastructure Development Pvt. Ltd. And Ors., CS (OS) 176 of 2015 have entered into settlements with the Defendant Nos. 1 and 2 whereby certain sums are payable on a monthly basis to each of them against their settled amounts. All such parties are receiving monies/instalments till 31.3.2019, including any instalments in default as of date. If may be noted that the existing settlements are not being novated or modified in any manner and will remain in force as agreed between the parties. All parties have agreed to receiving monies in the manner and amount as specified in the List and have no objection to the immediate disbursal of the monies lying with the Registry of this Hon’ble Court. In all cases where there is a settlement agreement, upon passing the order for disbursement of money there shall be no coercive action against the Defendants till 31.3.2019. It is made clear that this order shall not affect the obligation of the defendants under various settlement agreements whether the same be out of court or pursuant to mediation proceedings before various courts. The Defendants shall discharge their obligations under the settlement agreements after 31.3.2019. Further, in case of default in payments of monthly instalments in terms of settlement agreement, the plaintiffs and other investors shall be at liberty to pursue the case on merit and other legal recourses for the balance amount in terms of settlement agreement after 31.03.2019. The third class of investors are those who have not entered into any settlement agreements with the Defendant No. 1. The said third class is accepting the money without prejudice to their rights and contentions in terms of their individual agreements with the Defendants or the list annexed hereto. However, the amounts stated as balance due to them in the List shall not be construed as an admission of the total claim amount due and payable to the said class of investors. However, the said third class of investors though their counsels tender their statement that they will not assail the present order or upset the present disbursal mechanism in any manner.
However, the said third class of investors though their counsels tender their statement that they will not assail the present order or upset the present disbursal mechanism in any manner. The said statement is accepted. The rights and contentions of the said third class and the Defendants are left open. It is clarified that the stay on coercive action till 31.3.2019 does not apply in the cases of the parties with whom no settlement agreements have been entered with. The above compromise formula has been agreed through the good offices of Mr. Kirti Uppal, Senior Advocate and Mr. T.K. Ganju, Senior Advocate as well as with the assistance of the various other advocates appearing before this Hon’ble Court.” UNIT HOLDERS OF REPRESENTATIVE SUIT : KAMAL SHARMA & ORS. S.NO. PARTICULARS BALANCE AMOUNT DUE UPTO 31.03.2019 1. KAMAL SHARMAN SUIT 8129,62,431 2432,56,234 2. KAMAL SHARMA IMPLEADMENT 7932,53,583 2175,21,383 3. MOU SIGNED AND UNITHOLDERS PAID PARTY 5786,82,249 1614,00,982 4. MOU NOT SIGNED HOWEVER UNITHOLDERS PAID PARTY 2539,07,000 642,11,000 5. MOU SIGNING IN PROCESS 7174,12,664 810,62,250 6.
S.NO. PARTICULARS BALANCE AMOUNT DUE UPTO 31.03.2019 1. KAMAL SHARMAN SUIT 8129,62,431 2432,56,234 2. KAMAL SHARMA IMPLEADMENT 7932,53,583 2175,21,383 3. MOU SIGNED AND UNITHOLDERS PAID PARTY 5786,82,249 1614,00,982 4. MOU NOT SIGNED HOWEVER UNITHOLDERS PAID PARTY 2539,07,000 642,11,000 5. MOU SIGNING IN PROCESS 7174,12,664 810,62,250 6. Wimberly Allison Tong & Goo UK Ltd. (OMP) (Enf.) (Comm.) 48 of 2016 333,48,803 333,48,803 TOTAL 31895,66,730 8008,00,652 S.No. Plaintiff No. Name of plaintiff/applicant (A) Balance amount (D) Due upto 30.03.2019 (E) 1 & 2 1 & 2 Kamal Sharma/Madhu Sharma 216,25,000.00 54,00,000.00 3 3 Suresh Chander Sharma 209,25,000.00 54,00,000.00 4 4 G.K. Taneja 36,98,745.00 19,50,000.00 5 5 Asha Taneja 36,98,745.00 19,50,000.00 6 6 Rakhi Seth 36,98,745.00 19,50,000.00 7 7 Ritu Grover 33,98,745.00 16,50,000.00 8 8 Anand Singh 105,27,920.00 30,50,000.00 9 9 Ajay Kumar Jaiswal 158,66,880.00 33,00,000.00 10 10 Ajay Puri 48,65,624.00 18,00,000.00 11 11 Ganga Prashad Puri 48,65,624.00 18,00,000.00 12 12 Raman Puri 48,65,624.00 18,00,000.00 13 13 Jaspreet Singh Lamba 162,70,000.00 32,50,000.00 14 14 Bani Kaur 22,85,000.00 10,50,000.00 15 15 Gurinder Kaur Lamba 22,85,000.00 10,50,000.00 16 16 Gunjan Deep Lamba 22,85,000.00 10,50,000.00 17 17 Sumant Mehta 131,07,500.00 37,00,000.00 18 18 Subash Chander Mehta 65,53,750.00 18,50,000.00 19 19 Veena Mehta 65,53,750.00 18,50,000.00 20 20 Sudesh Mehta 65,97,000.00 18,50,000.00 21 21 Anju Mehta 65,97,000.00 18,50,000.00 22 22 Bimla Gupta 245,28,000.00 55,50,000.00 23 23 Himanshu Sharma 197,50,000.00 41,00,000.00 24 24 Vaishali Gore 98,75,000.00 20,50,000.00 25 25 B. Sudas Chander Reddy 49,37,500.00 10,25,000.00 26 26 Manjula Reddy Gore 16,47,150.00 3,41,940.00 26 26 Anila Reddy Beravoli 16,68,000.00 3,62,790.00 26 26 K. Shailja Reddy 16,43,200.00 3,41,120.00 27 27 V.K. Jain 151,00,000.00 59,00,000.00 28 28 Sudha Jain 151,00,000.00 59,00,000.00 29 29 Bimla Duhan 324,00,000.00 44,00,000.00 30 30 Taufiq ur Rehman 125,85,000.00 36,00,000.00 31 31 Naheed Rehman 123,85,000.00 34,00,000.00 32 32 Jagmohan Singh Luthra 50,25,150.00 23,19,300.00 33 33 Neelam Luthra 93,98,250.00 42,00,000.00 34 34 Sandeep Khanna 42,51,145.00 18,60,000.00 35 35 Rajni Khanna 42,45,939.00 18,87,084.00 36 36 Varun Khanna 42,51,145.00 18,60,000.00 37 & 38 37 & 38 Anil Malhotra/Radha Malhotra 125,00,000.00 30,00,000.00 39 & 40 39 & 40 Rimma Malhotra & Sunil Malhotra 113,00,000.00 36,00,000.00 41 41 Dhiraj Malhotra 51,80,200.00 19,00,000.00 42 42 Elisha Suri Malhotra 51,80,200.00 19,00,000.00 43 43 Sanjeev Diwan 207,37,000.00 50,00,000.00 44 44 Rupa Suri 104,60,400.00 25,00,000.00 45 45 AKLD Infotech LLP through Sunil Dhingra 284,00,000.00 89,50,000.00 46 46 Anil Kumar Wadhwa HUF through Karta 196,25,000.00 56,25,000.00 47 47 Darmendra Kumar Agarwal 60,00,000.00 60,00,000.00 48 48 Achint Naveen 44,00,000.00 44,00,000.00 49 49 Deepak Luthra 94,38,000.00 23,76,000.00 50 50 Chandni Luthra 107,25,000.00 27,00,000.00 51 51 Manev Luthra 12,87,000.00 3,06,000.00 52 52 Manev Luthra 45,00,000.00 12,50,000.00 53 53 Shikha Chawla 45,00,000.00 12,50,000.00 54 54 Aseem Bhatia 160,00,000.00 112,00,000.00 55 55 Reema Pillai 165,00,000.00 24,00,000.00 56 56 Manika Chopra 226,00,000.00 53,00,000.00 57 57 Areeb Rizwan Khan 47,08,960.00 18,78,720.00 58 58 Imran Shafique Ansari 14,87,040.00 5,93,280.00 59 59 Rizwanullah Khan 68,15,000.00 29,40,000.00 60 60 Shahnaz Asif 74,23,000.00 29,40,000.00 61, 62 & 63 61, 62 & 63 Ashish Chhabra/Amitabh Chhabra/Nirmal Chhabra 210,00,000.00 50,00,000.00 64 64 Rajiv Vaswani 223,32,000.00 56,00,000.00 65 65 Seema Bhatnagar 138,00,000.00 14,00,000.00 66 66 Madhu Sudan Rateria 59,00,000.00 18,00,000.00 67 67 Aditya Rateria 59,00,000.00 18,00,000.00 68 68 Akshay Kapur 150,60,000.00 38,00,000.00 69 69 Manik Mathana 150,60,000.00 40,00,000.00 70 & 71 70 & 71 Gaurav Rakyan/Manju Rakyan 221,00,000.00 51,00,000.00 72 72 Sharad Kumar Patney 45,50,000.00 16,50,000.00 73 73 Prabhat Arora 52,50,000.00 13,50,000.00 74 74 Sheela Rani 42,50,000.00 18,00,000.00 75 75 HIM Buildtech 203,87,500.00 48,00,000.00 76 76 Harinder Singh Kochar 134,50,000.00 44,50,000.00 77 77 Jugtar Kochar 134,50,000.00 44,50,000.00 78 78 Neha Bajaj 182,87,000.00 51,50,000.00 79 79 Nakul Bajaj 243,73,000.00 72,50,000.00 80 80 Grafitti Designers Pvt. Ltd. 66,00,000.00 51,00,000.00 81 81 Rajesh Sabharwal 120,85,000.00 41,00,000.00 81 SUB-TOTAL 8129,62,431.00 2432,56,234.00 Application No. IA.
No. 18325/2015 82 & 83 1 & 2 Rakesh Malhotra/Sangeeta Malhotra 165,00,000.00 121,00,000.00 84 & 85 3 & 4 Beant Singh Virk/Anumeet Kaur 55,24,500.00 45,50,000.00 86 5 Surendra Kumar 170,00,000.00 50,00,000.00 87 & 88 6 & 7 Prashant Bajaj/Neerja Bajaj 110,41,000.00 38,00,000.00 89 8 Apar Kaur 101,72,500.00 23,40,000.00 90 9 Sarabjit Singh 54,77,500.00 12,60,000.00 91 10 Shivam Sardana 52,80,190.00 21,45,000.00 92 11 Sudesh Singh 70,07,810.00 30,00,000.00 93 12 Subhash Chander Gupta 328,68,000.00 84,00,000.00 94 13 Pradeep Kumar Jaiswal 231,82,500.00 89,64,000.00 95 14 Monica Bindra 240,17,000.00 84,00,000.00 14 SUB-TOTAL 1580,71,000.00 599,59,000.00 Application No. IA. No. 20269/2015 96 1 Rajender Manak 9,78,450.00 8,00,550.00 97 2 Kapil Manak 11,41,525.00 9,33,975.00 98 3 Vikram Manak 11,41,525.00 9,33,975.00 99 4 Amit Garg 402,50,000.00 92,00,000.00 100 5 Parul Garg 402,50,000.00 92,00,000.00 101 6 Rajat Verma HUF 382,81,000.00 93,00,000.00 6 SUB-TOTAL 1220,42,500.00 303,68,500.00 Application No. IA. No. 983/2016 102 1 Meena Prakash 127,00,000.00 30,00,000.00 103 2 Raghvendra Nath 25,22,700.00 6,75,000.00 104 3 Rita Nath 25,22,700.00 6,75,000.00 105 4 Anil Chutani 88,71,500.00 20,50,000.00 Samir Dang 88,71,500.00 20,50,000.00 106 5 Manoj Chugh 126,00,000.00 30,75,000.00 107 6 Kiran Chugh 126,00,000.00 30,75,000.00 108 7 Kelisons Kashmir House 89,45,000.00 39,00,000.00 7 SUB-TOTAL 696,33,400.00 185,00,000.00 Application No. IA. No. ____/2017 109 1 Kusum Bala Das 247,50,000.00 64,50,000.00 110 2 Sanjay Kumar 213,00,000.00 56,00,000.00 111 3 Vijay Singh Yadav 67,00,000.00 24,00,000.00 112 4 Anita Singh Yadav 67,00,000.00 26,00,000.00 113 5 Sartaj Singh Sekhon 144,00,000.00 42,00,000.00 5 SUB-TOTAL 738,50,000.00 212,50,000.00 Application No. IA.
No. ____/2017 109 1 Kusum Bala Das 247,50,000.00 64,50,000.00 110 2 Sanjay Kumar 213,00,000.00 56,00,000.00 111 3 Vijay Singh Yadav 67,00,000.00 24,00,000.00 112 4 Anita Singh Yadav 67,00,000.00 26,00,000.00 113 5 Sartaj Singh Sekhon 144,00,000.00 42,00,000.00 5 SUB-TOTAL 738,50,000.00 212,50,000.00 Application No. IA. No. 1036/2017 114 1 Swati Jalan 82,90,688.00 20,22,800,00 115 2 Raj Kumar Jalan 108,81,300.00 26,55,250.00 116 3 Pramod Taneja 64,87,500.00 13,50,000.00 117 4 Sudha Taneja 63,37,500.00 18,50,000.00 118 5 Ajay Khanna 102,28,700.00 26,00,000.00 119 6 Rajeev Khanna 102,28,700.00 26,00,000.00 120 7 Bhagat Singh 39,87,000.00 9,75,000.00 121 8 Bhagat Singh HUF 39,87,000.00 9,75,000.00 122 9 Vanya Verma 47,25,000.00 12,00,000.00 123 10 Sumant Verma 47,25,000.00 12,00,000.00 124 11 The India Thermit Corporation Limited 289,14,000.00 40,15,833.33 125 & 126 12 & 13 Inder Mohan Singh Huf/Inder Mohan Singh 56,80,840.00 13,50,000.00 127 14 Himmat Singh Gill 56,80,840.00 13,50,000.00 128 15 Jalveer Gill 113,61,680.00 27,00,000.00 129 16 Amandeep Singh Bal 241,52,625.00 60,00,000.00 130 17 Amarpreet Singh Bal 241,52,625.00 60,00,000.00 131 18 Rakesh Sakhuja 25,00,000.00 6,50,000.00 132 19 Alka Sakhuja 25,00,000.00 6,50,000.00 133 20 Anmol Solutions Private Limited 291,20,000.00 72,00,000.00 134 21 Atul Joshi 19,16,667.00 5,00,000.00 135 22 Pravesh Joshi 19,16,667.00 5,00,000.00 136 23 Rani Joshi 19,16,667.00 5,00,000.00 137 24 Inderjeet Arora 168,00,250.00 42,00,000.00 138 25 Jiwan Arora 168,00,250.00 42,00,000.00 139 26 Shalu Arora 22,50,000.00 6,25,000.00 140 27 Sunaina Arora 22,50,000.00 6,25,000.00 141 28 Satpal Arora 39,12,500.00 9,00,000.00 142 29 Nitin Arora 39,12,500.00 9,00,000.00 143 30 Manish Arora 39,12,500.00 9,00,000.00 144 31 Usha Arora 39,12,500.00 9,00,000.00 145 32 Virendra Prakash Kaushik 281,70,000.00 66,00,000.00 146 33 Suvendu Banerjee (Unit No. 1) 76,85,155.00 18,00,000.00 Suvendu Banerjee (Unit No. 2) 109,69,400.00 27,00,000.00 147 34 Vajendra Kumar 196,66,400.00 48,00,000.00 148 35 Om Prakash Shekhawat 38,40,000.00 10,00,000.00 149 36 Mithlesh Shekhawat 38,40,000.00 10,00,000.00 150 37 Saroj Kanwar 76,80,000.00 19,50,000.00 37 SUB-TOTAL 3452,92,453.00 819,43,883.33 Application No. IA.No. 24909/2017 151 1 Tarun Gandhi 121,82,115.00 27,50,000.00 152 2 Kavita Gandhi 121,82,115.00 27,50,000.00 81 Investors under Kamal Sharma Suit 8129,62,431.00 2432,56,234.00 71 Investors under impleadment 7932,53,583.00 2175,21,383.33 152 TOTAL 16062,16,014.00 4607,77,617.33 MOU SIGNED AND UNITHOLDERS PAID PARTLY 153 1 Surender Kaur/Harman Singh/Amrita S. 170,00,000.00 70,00,000.00 154 2 Sidharth Gupta 0.00 0.00 155 3 Neeru Arora 98,90,280.00 27,45,000.00 156 4 Pooja Arora 10,98,920.00 3,05,000.00 157 5 Ravi Saigal 43,50,000.00 33,00,000.00 158 6 Anupam Gupta 0.00 0.00 159 7 Ravinder Kumar Bajaj 26,28,560.00 8,15,760.00 160 8 Bharat Bajaj 26,28,560.00 8,15,760.00 161 9 Vandana Bajaj 27,41,860.00 9,51,720.00 162 10 Deepak Bajaj 36,18,260.00 11,20,700.00 163 11 Kumar Munan 41,56,696.00 21,75,152.00 164 12 Kumar Anupam 38,32,567.00 24,70,673.00 165 13 Kumar Aniket 38,32,567.00 24,70,673.00 166 14 Rajesh Kumar Singh & Jaytishree Singh 134,62,744.00 79,89,568.00 167 15 Gurcharan Singh & Sikha Chawla 162,50,000.00 48,00,000.00 168 16 Ramesh Chandra Sharma 39,49,565.00 14,00,000.00 169 17 Kartik Sharma 39,49,565.00 14,00,000.00 170 18 Shivangi Sharma 39,49,565.00 14,00,000.00 171 19 Indu Oberoi 72,55,450.00 26,00,000.00 172 20 Budh Singh Sindhu 328,08,000.00 112,50,000.00 173 21 Mandeep Bhatia 211,00,000.00 39,00,000.00 174 22 Amarjit Singh Chonkar 166,87,796.00 77,02,056.00 175 23 Jatinder Kaur Chonkar 173,29,688.00 83,43,920.00 176 24 Arun Loomba/Vaibhav Loomba 173,60,640.00 34,00,000.00 177 25 Dr.
Jyoti Super Speciality Clinic 116,94,000.00 42,00,000.00 178 26 Neelam Singh 186,21,000.00 49,00,000.00 179 27 Anushree Chauhan/Neelam Singh 125,42,000.00 30,50,000.00 180 28 Balraj Kapoor 273,70,000.00 72,50,000.00 181 29 Sudershan Kumar Sareen 346,55,000.00 92,95,000.00 182 30 Anand Kumar Gupta/Suman Gupta 129,81,000.00 33,00,000.00 183 31 Rajesh Kumar Singh & Nupur Chauhan 80,25,000.00 24,00,000.00 184 32 Narender Pal Singh Sethi 84,78,000.00 30,00,000.00 185 33 Amit Kumar Singh 110,00,000.00 36,00,000.00 186 34 Gaurav Chhiba 146,96,000.00 39,50,000.00 187 35 Shiv Kumar Sharma 203,23,166.00 33,00,000.00 188 36 Akshay Kashyap 222,00,000.00 33,00,000.00 189 37 Lalit Wadhwa 258,37,000.00 48,00,000.00 190 38 Lalit Wadhwa 270,52,000.00 48,00,000.00 191 39 Kiran Virmani & Divya Grover 110,37,000.00 18,00,000.00 192 40 Vidya Bhushan Jain HUF 158,57,800.00 27,00,000.00 193 41 Serenity Real Estates 338,72,000.00 48,00,000.00 194 42 Surjeet Kaur Rekhi 262,80,000.00 63,00,000.00 195 43 Preeti Chhabra 262,80,000.00 63,00,000.00 43 SUB-TOTAL 5786,82,249.00 1614,00,982.00 MOU NOT SIGNED HOWEVER UNITHOLDERS PAID PARTLY 196 1 Suresh Raina 290,70,000.00 87,50,000.00 197 2 Mahindra Singh Dhoni 1330,00,000.00 225,00,000.00 198 3 Rhiti Sports Management Pvt. Ltd. 235,00,000.00 120,00,000.00 199 4 Karan Singh 165,00,000.00 52,50,000.00 200 5 Jayant Sahai 33,55,500.00 33,55,500.00 201 6 Pranav Sahai 33,55,500.00 33,55,500.00 202 7 Kishore Kapur 224,90,000.00 30,00,000.00 203 8 Kanwar Davindra Singh & Amarjeet Kaur 226,36,000.00 60,00,000.00 8 SUB-TOTAL (A+B) 2539,07,000.00 642,11,000.00 MOU SIGNING IN PROCESS (PAYMENTS WILL START FROM 01.12.2018) 204 1 Akshay Puri/Ashok Puri 184,56,000.00 24,00,000.00 205 2 Aasmieet S. Madan 595,18,000.00 30,00,000.00 206 3 Balraj Kapoor 374,95,000.00 36,00,000.00 207 4 Chander Kanta Kapoor 583,85,000.00 36,00,000.00 208 5 Rajeev Kumar Bhadani (HUF) 180,45,000.00 30,00,000.00 209 6 Shashi Jain & Ors. 180,45,000.00 30,00,000.00 210 7 Virat Kohli 542,40,000.00 105,00,000.00 211 8 Rajeev Kumar Bhadani (HUF) 180,45,000.00 30,00,000.00 212 9 Rajiv Kapoor 558,03,000.00 36,00,000.00 213 10 Sarb Balraj Kapoor & Sons (HUF) & Ors.
180,45,000.00 30,00,000.00 210 7 Virat Kohli 542,40,000.00 105,00,000.00 211 8 Rajeev Kumar Bhadani (HUF) 180,45,000.00 30,00,000.00 212 9 Rajiv Kapoor 558,03,000.00 36,00,000.00 213 10 Sarb Balraj Kapoor & Sons (HUF) & Ors. 330,22,000.00 36,00,000.00 0.00 214 1 Amrish Prakash Kumar/Ashvin Prakash Kumar 231,91,200.00 21,00,000.00 215 2 Abhay Chandra 73,63,000.00 12,90,000.00 216 3 Bimla Devi 80,37,000.00 20,09,250.00 217 4 845 Solutions Pvt. Ltd. (Director Rama Kant Sharma) 179,89,000.00 30,00,000.00 218 5 Heminder Gill 249,55,000.00 30,00,000.00 219 6 Jasbir Singh Tikka 212,24,000.00 24,00,000.00 220 7 Manmeet Singh 273,36,000.00 30,00,000.00 221 8 Rajiv Kapoor 374,75,000.00 30,00,000.00 222 9 Rakesh Sood 183,95,000.00 24,00,000.00 223 10 Udaya Devi 98,28,000.00 16,38,000.00 224 11 Virender Singh 215,61,000.00 24,00,000.00 225 12 The Institution of Civil Engineers Society 121,50,000.00 20,25,000.00 226 13 Vikram Yadav 9,00,000.00 4,50,000.00 227 14 Manmeet Singh 95,00,000.00 18,00,000.00 228 15 Ajay Lal 281,93,000.00 18,00,000.00 229 16 Surender Jit Singh Batra 14,54,464.00 6,00,000.00 230 17 Ajit Kumar 10,00,000.00 6,00,000.00 231 18 Gurpreet Kaur 10,00,000.00 6,00,000.00 232 19 Vibhuti Gupta 20,00,000.00 6,00,000.00 233 20 Savinder Grover 10,00,000.00 6,00,000.00 234 21 Paramjit Gandhi 338,00,000.00 30,00,000.00 235 22 Kaushalendra Kumar 91,63,000.00 16,50,000.00 236 23 Ajay Lal 288,44,000.00 18,00,000.00 33 SUB-TOTAL (A+B) 7174,12,664.00 810,62,250.00 237 Wimberly Allison Tong & Goo UK Ltd. 333,48,803.00 333,48,803.00 237 GRAND TOTAL 31895,66,730 8008,00,652 4. It is pertinent to mention that no winding up order has been passed against the defendant no. 1-company till date. 5. Moreover, most of its creditors have settlement agreement and by releasing payments in accordance with the aforesaid consensual order, the plaintiff as well as other applicants/defendants who have filed impleadment applications will receive, in advance, payments till 31st March, 2019 and reminder of their claims and rights will remain alive and the defendants will also be complying with consensual settlement agreements. 6. Even those creditors who have no settlement agreement will receive some succour without jeopardizing their rights to file appropriate proceedings. 7. Consequently, the oral prayer for passing an order in terms of the aforesaid draft consensual order is accepted and it is directed that the draft consensual order reproduced hereinabove shall be read as an order of this Court. 8. It is also clarified that in the event the Division Bench of this Court directs the defendant no. 9-DIAL to make any payment to defendant no. 2, then the defendant no. 9 shall deposit the said amount in CS (OS) 176/2015 with the Registry of this Court.
8. It is also clarified that in the event the Division Bench of this Court directs the defendant no. 9-DIAL to make any payment to defendant no. 2, then the defendant no. 9 shall deposit the said amount in CS (OS) 176/2015 with the Registry of this Court. 9. With the aforesaid directions, defendant no. 9 is deleted from the array of parties. 10. The Registrar General is directed to release payments in accordance with the consensual order passed today as well as the schedule annexed thereto. 11. List before Registrar General on 15th December, 2018 for handing over of cheques to the counsel for the creditors. 12. List before Court on 31st January, 2019. I.A. 1337/2015, 12805/2015, 12973/2015, 10221/2017 in CS (OS) 176/2015 13. Learned counsel for the applicants/plaintiffs wishes to withdraw the present applications with liberty to re-file the same after 31st March, 2019. 14. With the aforesaid liberty, present applications stand disposed of as withdrawn. I.As. 17272/2015 & 17273/2015 in CS (OS) 176/2015 15. Learned counsel for the applicants/plaintiffs wishes to withdraw the present applications. 16. Accordingly, the same are dismissed as withdrawn. I.As. 1338/2015, 5001/2015, 20062/2015, 1503-1504/2016, 6234/2018 in CS (OS) 176/2015 17. Present applications have become infructuous and they accordingly stand disposed of. I.A. 14310/2015, 23235/2015, 23236/2015 in CS (OS) 176/2015 18. In view of the order passed today and with the consent of the parties, no further orders are called for in the present applications. 19. Accordingly, the present applications stand disposed of. I.A. 9444-9447/2016, 10961/2016 in CS (OS) 176/2015 I.A. 11405/2018 in CS (OS) 87/2018 I.A. 11404/2018 in CS (OS) 88/2018 20. In view of the consensual order passed today, the delay in filing the written statements is condoned and the same are taken on record. 21. Accordingly, the applications stand disposed of.