Full Judgment
IN THE HIGH COURT OF DELHI AT NEW DELHI CS(OS) 176/2015 KAMAL SHARMA & ORS ..... Plaintiffs Through: Mr. Abhishek Bhardwaj, Advocate. versus M/S BLUE COAST INFRASTRUCTURE DEVELOPMENT PVT LTD & ORS ..... Defendants Through: Mr. Vijay Aggarwal, Advocate with Mr. Vishal Bhardwaj, Advocate for defendants No.1, 5 to 8. Mr. Naman Joshi, Advocate for Ms. Avshreya P.S. Rudy, Advocate for defendant No.2. Dr. Sarbjit Sharma, Advocate with Ms. Leeza Taneja and Ms. Yamini Nijhawan, Advocate for defendants No.147 to 149. Mr. Hemant Jain, Advocate for applicants I.As. 14088, 14090, 14092, 14094, 14096 & 14098 of 2018. Ms. Sonal Kumar Singh, Advocate with Ms. Ishita Sharma, Advocate for applicant. Mr. Nitish Chaudhary, Advocate for Mr. Chetan Lokur, Advocate for applicant in I.A. 15031/2017 and 13462/2018. 15, 16 & 17 $~ * + WITH CS(OS) 176/2015, 87/2018 & 88/2018 Page 1 of 17 + CS(OS) 87/2018 + MS. PREETI CHHABRA Through: None. ..... Plaintiff versus M/S. BLUE COAST INFRASTRUCTURE DEVELOPMENT PVT. LTD. & ANR ..... Defendants Through: Mr. Vijay Aggarwal, Advocate with Mr. Vishal Bhardwaj, Advocate for defendant1 No.1. Mr. Naman Joshi, Advocate for Ms. Avshreya P.S. Rudy, Advocate for defendant No.2. AND CS(OS) 88/2018 MS. SURJEET KAUR REKHI Through: None. versus ..... Plaintiff M/S. BLUE COAST INFRASTRUCTURE DEVELOPMENT PVT. LTD. & ANR ..... Defendants Through: Mr. Vijay Aggarwal, Advocate with Mr. Vishal Bhardwaj, Advocate for defendant1 No.1. Ms. Avshreya P.S. Rudy, Advocate for defendant No.2. % Date of Decision:
11. h October, 2018 CORAM: HON'BLE MR. JUSTICE MANMOHAN JUDGMENT
MANMOHAN, J: (Oral) CS(OS) 176/2015, 87/2018 & 88/2018 Page 2 of 17 I.As. 14089/2018, 14091/2018, 14093/2018, 14095/2018, 14097/2018 & 14099/2018 (for exemptions) in CS(OS) 176/2015 Keeping in view the averments in the applications, applicants are exempted from filing the original and clear copies of the documents at this stage. Needless to say, this order is without prejudice to the rights and contentions of the parties. Accordingly, present applications stand disposed of. I.As. 14083/2018, 14084/2018, 14085/2018, 14086/2018, 14088/2018, 14090/2018, 14092/2018, 14094/2018, 14096/2018 & 14098/2018 in CS(OS) 176/2015 Present applications have been filed for impleadment. Learned counsel for applicants state that the present suit has been filed as a representative suit and since the applicants also belong to the same class of investors, they should be impleaded in the present suit. Learned counsel for applicants further state that in the event the present applications are not allowed, the applicants would not be able to get refund cheques which are to be handed over by the learned Registrar General in accordance with the orders already passed by this Court. Issue notice. Mr. Vishal Bhardwaj, learned counsel accepts notice on behalf of defendants No.1, 5 to 8. Ms. Avshreya P.S. Rudy, learned counsel accepts notice on behalf of defendant No.2. Dr. Sarbjit Sharma, learned counsel accepts notice on behalf of defendants No.147 to 149. They state that they have no objection to the present impleadment applications being allowed. CS(OS) 176/2015, 87/2018 & 88/2018 Page 3 of 17 Keeping in view the aforesaid consent of the parties as well as the facts of the present case, the present impleadment applications are allowed. Let an amended memo of parties be filed within a period of one week. I.A. 14087/2018 in CS(OS) 176/2015 Present application has been filed by the plaintiff under Section 151 CPC for clarification/modification of the order dated 03rd October, 2018. Learned counsel for plaintiff states that there are inadvertent errors in the spelling of the thirty-six names of plaintiffs/applicants mentioned in Schedule/disbursement List furnished by the parties to this Court. Learned counsel for defendant No.1-company has handed over a revised list of Unit holders/investors. The same is taken on record. Learned counsel for plaintiff also states that there is a typographical error in the order dated 03rd October, 2018. Consequently, the present application is allowed and the order dated 03rd October, 2018 shall now read as under:-
"“ I.A. 1338/2015, I.A. 17272/2015, 17273/2015, 9867/2017, 12556/2018, 13462/2018, 13630-13631/018 (OS) 176/2015 in CS With consent of parties, present applications are allowed. Let an amended memo of parties be filed by the plaintiff within one week. Accordingly, present applications stand disposed of. CS(OS) 176/2015, 87/2018, 88/2018 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 CS(OS) 176/2015, 87/2018 & 88/2018 Page 4 of 17 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. 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 including any instalments in default as of date. If may be noted that the existing settlements are not being novated or modified in any till 31.3.2019, CS(OS) 176/2015, 87/2018 & 88/2018 Page 5 of 17 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 the Defendants till 31.3.2019. there shall be no coercive action against 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. 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.” CS(OS) 176/2015, 87/2018 & 88/2018 Page 6 of 17 03.10.2018 UNIT HOLDERS OF REPRESENTATIVE SUIT : KAMAL SHARMA & ORS V/S BLUE COAST IN CS (OS) 176 OF2015S.No.PARTICULARS BALANCE AMOUNT DUE UPTO12 3 4 5 6 KAMAL SHARMA SUIT KAMAL SHARMA IMPLEADMENT MOU SIGNED AND UNITHOLDERS PAID PARTLY MOU NOT SIGNED HOWEVER UNITHOLDERS PAID PARTLY MOU SIGNING IN PROCESS Wimberly Allison Tong & Goo UK Ltd. (OMP) (Enf.) (Comm.) 48 of 2016 TOTAL8129,62,431 31.03.2019 24,32,56,234 79,32,53,583 21,75,21,383 57,86,82,249 16,14,00,982 25,39,07,000 6,42,11,000 71,74,12,664 8,10,62,250 3,33,48,803 3,33,48,803 3,18,95,66,730 80,08,00,652 S.NO PLANTIFF No.NAME OF PLANTIFF / APPLICANT BALANCE AMOUNT DUE UPTO` 31.03.2019 1 & 2 1 & 2 3 4 5 3 4 5 (A) (D) (E) Kamal Sharma / Madhu Sharma Suresh Chandra Sharma G.K.Taneja Asha Taneja 2,16,25,000.00 54,00,000.00 2,09,25,000.00 36,98,745.00 36,98,745.00 54,00,000.00 19,50,000.00 19,50,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 7 of 17 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 26 26 27 28 29 30 31 32 33 34 35 36 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 26 26 27 28 29 30 31 32 33 34 35 36 19,50,000.00 16,50,000.00 30,50,000.00 33,00,000.00 18,00,000.00 18,00,000.00 18,00,000.00 32,50,000.00 10,50,000.00 10,50,000.00 10,50,000.00 37,00,000.00 18,50,000.00 18,50,000.00 18,50,000.00 18,50,000.00 55,50,000.00 41,00,000.00 20,50,000.00 10,25,000.00 3,41,940.00 3,62,790.00 3,41,120.00 59,00,000.00 59,00,000.00 44,00,000.00 36,00,000.00 34,00,000.00 23,19,300.00 42,00,000.00 18,60,000.00 18,87,084.00 18,60,000.00 Rakhi Seth 36,98,745.00 Ritu Grover 33,98,745.00 Anand Singh 1,05,27,920.00 Ajay Kumar Jaiswal 1,58,66,880.00 Ajay Puri 48,65,624.00 Ganga Parshad Puri 48,65,624.00 Raman Puri 48,65,624.00 Jaspreet Singh Lamba 1,62,70,000.00 Bani Kaur 22,85,000.00 Gurvinder Kaur Lamba 22,85,000.00 Gunjan Deep Lamba 22,85,000.00 1,31,07,500.00 Sumant Mehta 65,53,750.00 Subhash Chander Mehta 65,53,750.00 Veena S Mehta 65,97,000.00 Sudesh Mehta Anju Mehta 65,97,000.00 2,45,28,000.00 Bimla Gupta 1,97,50,000.00 Himanshu Sharma Vaishali Gore 98,75,000.00 B. Sudhas Chander Reddy Manjula Reddy Gore Anila Reddy Beravol K Shailaja Reddy V.K.Jain Sudha Jain Bimla Duhan Taufiq ur Rehman Naheed Rehman Jagmohan Singh Luthra Neelam Luthra Sandeep Khanna Rajni Khanna Varun Khanna 16,47,150.00 16,68,000.00 16,43,200.00 1,51,00,000.00 1,51,00,000.00 3,24,00,000.00 1,25,85,000.00 1,23,85,000.00 50,25,150.00 93,98,250.00 42,51,145.00 42,45,939.00 49,37,500.00 42,51,145.00 37 & 38 39 & 40 41 42 43 44 37 & 38 39 & 40 41 42 43 44 Anil Malhotra / Radha Malhotra Rimma Malhotra & Sunil Malhotra Dhiraj Malhotra Elisha Suri Malhotra Sanjiv Dewan Rupa Suri 1,25,00,000.00 30,00,000.00 1,13,00,000.00 36,00,000.00 51,80,200.00 51,80,200.00 2,07,37,000.00 1,04,60,400.00 19,00,000.00 19,00,000.00 50,00,000.00 25,00,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 8 of 17 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 , 62 & 63 64 65 66 67 68 69 70 & 71 72 73 74 75 76 77 78 79 80 81 81 AKLD Infotech LLP Anil Kumar (HUF) Dharmendra Kumar Agrawal Achint Naveen Deepak Luthra Chandni Luthra Manev Luthra Manev Luthra Shikha Chawla Aseem Bhatia Reema Pillai Manika Chopra Areeb Rizwan Khan Imran Shafique Ansari Rizwanullah Khan Shahnaz Asif Ashish Chhabra/Amitabh Chhabra/Nirmal Chhabra Rajiv Vaswani Seema V. Bhatnagar Madhu Sudan Rateria Aditya Rateria Akshay Kapur Manik Mahna Gaurav Rakyan / Manju Rakyan Sharad Kumar Patney Prabhat Sheela Rani HIM Buildtech Harinder Singh Kochar Jugtar Kochar Neha Bajaj Nakul Bajaj Grafitti Designers Pvt.Ltd Rajesh Sabharwal SUB-TOTAL284,00,000.00 1,96,25,000.00 89,50,000.00 56,25,000.00 60,00,000.00 60,00,000.00 44,00,000.00 94,38,000.00 1,07,25,000.00 12,87,000.00 45,00,000.00 45,00,000.00 1,60,00,000.00 1,65,00,000.00 2,26,00,000.00 47,08,960.00 14,87,040.00 68,15,000.00 74,23,000.00 44,00,000.00 23,76,000.00 27,00,000.00 3,06,000.00 12,50,000.00 12,50,000.00 1,12,00,000.00 24,00,000.00 53,00,000.00 18,78,720.00 5,93,280.00 29,40,000.00 29,40,000.00 2,10,00,000.00 50,00,000.00 2,23,32,000.00 1,38,00,000.00 59,00,000.00 59,00,000.00 1,50,60,000.00 1,50,60,000.00 56,00,000.00 14,00,000.00 18,00,000.00 18,00,000.00 38,00,000.00 40,00,000.00 2,21,00,000.00 51,00,000.00 45,50,000.00 52,50,000.00 42,50,000.00 2,03,87,500.00 1,34,50,000.00 1,34,50,000.00 1,82,87,000.00 2,43,73,000.00 16,50,000.00 13,50,000.00 18,00,000.00 48,00,000.00 44,50,000.00 44,50,000.00 51,50,000.00 72,50,000.00 66,00,000.00 51,00,000.00 1,20,85,000.00 41,00,000.00 81,29,62,431.00 24,32,56,234.00 Page 9 of 17 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 , 62 & 63 64 65 66 67 68 69 70 & 71 72 73 74 75 76 77 78 79 80 81 CS(OS) 176/2015, 87/2018 & 88/2018 Applicant No.IA.No.18325/2015 82 & 83 84 & 85 86 87 & 88 89 90 91 92 93 94 95 1 & 2 3 & 4 5 6 & 7 8 9 10 11 12 13 14 14 Rakesh Malhotra / Sangeeta Malhotra Beant Singh Virk / Anumeet Kaur Virk Surendra Kumar Prashant Bajaj Apar Kaur Sarabjit Singh Shivam Sardana Sudesh Singh Subash Gupta Pradeep Kumar Jaiswal Monica Bindra SUB-TOTAL165,00,000.00 1,21,00,000.00 55,24,500.00 45,50,000.00 1,70,00,000.00 50,00,000.00 1,10,41,000.00 38,00,000.00 1,01,72,500.00 54,77,500.00 52,80,190.00 70,07,810.00 3,28,68,000.00 2,31,82,500.00 2,40,17,000.00 23,40,000.00 12,60,000.00 21,45,000.00 30,00,000.00 84,00,000.00 89,64,000.00 84,00,000.00 15,80,71,000.00 5,99,59,000.00 Applicant No.IA.No.20269/2015 96 97 98 99 100 101 1 2 3 4 5 6 6 Applicant No.IA.No.983/2016 Rajinder Kumar Manak Kapil Manak Vikram Manak Amit Garg Parul Garg Rajat Verma HUF SUB-TOTAL978,450.00 11,41,525.00 11,41,525.00 4,02,50,000.00 4,02,50,000.00 3,82,81,000.00 8,00,550.00 9,33,975.00 9,33,975.00 92,00,000.00 92,00,000.00 93,00,000.00 12,20,42,500.00 3,03,68,500.00 102 103 104 105 106 107 108 1 2 3 4 5 6 7 7 Meena Prakash Raghvendra Nath Rita Nath Anil Chuttani Samir Kumar Dang Manoj Chugh Kiran Chugh Kellsons Kashmir House SUB-TOTAL127,00,000.00 25,22,700.00 25,22,700.00 88,71,500.00 88,71,500.00 1,26,00,000.00 1,26,00,000.00 89,45,000.00 30,00,000.00 6,75,000.00 6,75,000.00 20,50,000.00 20,50,000.00 30,75,000.00 30,75,000.00 39,00,000.00 6,96,33,400.00 1,85,00,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 10 of 17 Applicant No.IA.No.15031/2017 109 110 111 112 113 1 2 3 4 5 5 Kusum Bala Das Sanjay Kumar Vijay Singh Yadav Anita Singh Yadav Sartaj Singh Sekhon SUB-TOTAL6450,000.00 2,47,50,000.00 56,00,000.00 2,13,00,000.00 24,00,000.00 67,00,000.00 26,00,000.00 67,00,000.00 1,44,00,000.00 42,00,000.00 7,38,50,000.00 2,12,50,000.00 Applicant No.IA.No.1036/2017 114 115 116 117 118 119 120 121 122 123 124 125 & 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 1 2 3 4 5 6 7 8 9 10 11 12 & 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Swati Jalan Raj Kumar Jalan Promod Kumar Taneja Sudha Taneja Ajay Khanna Rajeev Khanna Bhagat Singh Bhagat Singh & Sons (HUF) Vanya Varma Sumant Varma The India Thermit Corporation Limited Inder Mohan Singh (HUF) Himmat Singh Gill Jaiveer Gill Amandeep Singh Bal Amarpreet Singh Bal Rakesh Sakhuja Alka Sakhuja Anmol Solutions Private Limited Atul Joshi Pravesh Joshi Rani Joshi Inder Jeet Arora Jiwan Kumar Arora Shalu Arora Sunaina Arora 82,90,688.00 1,08,81,300.00 64,87,500.00 63,37,500.00 1,02,28,700.00 1,02,28,700.00 39,87,000.00 20,22,800.00 26,55,250.00 13,50,000.00 18,50,000.00 26,00,000.00 26,00,000.00 9,75,000.00 39,87,000.00 9,75,000.00 47,25,000.00 47,25,000.00 12,00,000.00 12,00,000.00 2,89,14,000.00 40,15,833.33 56,80,840.00 13,50,000.00 56,80,840.00 1,13,61,680.00 2,41,52,625.00 2,41,52,625.00 25,00,000.00 25,00,000.00 13,50,000.00 27,00,000.00 60,00,000.00 60,00,000.00 6,50,000.00 6,50,000.00 2,91,20,000.00 72,00,000.00 19,16,667.00 19,16,667.00 19,16,666.00 1,68,00,250.00 1,68,00,250.00 22,50,000.00 22,50,000.00 5,00,000.00 5,00,000.00 5,00,000.00 42,00,000.00 42,00,000.00 6,25,000.00 6,25,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 11 of 17 141 142 143 144 145 146 147 148 149 150 28 29 30 31 32 33 34 35 36 37 37 Satpal Arora Nitin Arora Manish Arora Usha Arora Virendra Prakash Kaushik Suvendu Banerjee Suvendu Banerjee Vijendra Kumar Om Prakash Shekhawat Mithlesh Shekhawat Saroj Kanwar SUB-TOTAL3912,500.00 39,12,500.00 39,12,500.00 39,12,500.00 9,00,000.00 9,00,000.00 9,00,000.00 9,00,000.00 2,81,70,000.00 66,00,000.00 76,85,155.00 1,09,69,400.00 1,96,66,400.00 38,40,000.00 38,40,000.00 76,80,000.00 18,00,000.00 27,00,000.00 48,00,000.00 10,00,000.00 10,00,000.00 19,50,000.00 34,52,92,453.00 8,19,43,883.33 Applicant No.IA.No.24909/2017 1 2 81 71 152 Tarun Gandhi Kavita Gandhi Investors under Kamal Sharma Suit Investors under Impleadment TOTAL121,82,115.00 1,21,82,115.00 27,50,000.00 27,50,000.00 81,29,62,431.00 24,32,56,234.00 79,32,53,583.00 21,75,21,383.33 1,60,62,16,014.00 46,07,77,617.33 151 152 MOU SIGNED AND UNITHOLDERS PAID PARTLY153154 155 156 157 158 159 160 161 162 163 164 Surender Kaur / Harman Singh / Amrita Singh Sidharth Gupta Neeru Arora Pooja Arora Ravi Saigal Anupam Gupta Ravinder Kumar Bajaj Bharat Bajaj Vandana Bajaj Deepak Bajaj Kumar Munan Kumar Anupam 1,70,00,000.00 70,00,000.00 0.00 98,90,280.00 10,98,920.00 43,50,000.00 0.00 26,28,560.00 26,28,560.00 27,41,860.00 36,18,260.00 41,56,696.00 38,32,567.00 0.00 27,45,000.00 3,05,000.00 33,00,000.00 0.00 8,15,760.00 8,15,760.00 9,51,720.00 11,20,700.00 21,75,152.00 24,70,673.00 1 2 3 4 5 6 7 8 9 10 11 12 CS(OS) 176/2015, 87/2018 & 88/2018 Page 12 of 17 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 43 Kumar Aniket Rajesh Kumar Singh & Jaytishree Singh Gurcharan Singh & Shikha Chawla Ramesh Chandra Sharma Kartik Sharma Shivangi Sharma Indu Oberoi Budh Singh Sidhu Mandeep Bhatia Amarjit Singh Chonker Jatinder Kaur Chonker Arun Loomba / Vaibhav Loomba Dr. Jyoti Super Speciality Homoeopathic Clinic Pvt. Ltd Neelam Singh Anushree Chauhan / Neelm Singh Balraj Kapoor Sudershan Kumar Sareen Anand Kumar Gupta / Suman Gupta Rajesh Kumar Singh & Nupur Chauhan Narender Pal Singh Sethi Amit Kumar Singh Gaurav Chhiba Shiv Kumar Sharma Akshay Kashyap Lalit Wadhwa Lalit Wadhwa Kiran Virmani & Divya Grover Vidya Bhushan Jain HUF Serenity Real Estates Surjeet Kaur Rekhi Preeti Chhabra SUB-TOTAL3832,567.00 24,70,673.00 1,34,62,744.00 79,89,568.00 1,62,50,000.00 48,00,000.00 39,49,565.00 39,49,565.00 39,49,565.00 72,55,450.00 3,28,08,000.00 2,11,00,000.00 1,66,87,796.00 1,73,29,688.00 14,00,000.00 14,00,000.00 14,00,000.00 26,00,000.00 1,12,50,000.00 39,00,000.00 77,02,056.00 83,43,920.00 1,73,60,640.00 34,00,000.00 1,16,94,000.00 42,00,000.00 1,86,21,000.00 49,00,000.00 1,25,42,000.00 30,50,000.00 2,73,70,000.00 3,46,55,000.00 72,50,000.00 92,95,000.00 1,29,81,000.00 33,00,000.00 80,25,000.00 24,00,000.00 84,78,000.00 1,10,00,000.00 1,46,96,000.00 2,03,23,166.00 2,22,00,000.00 2,58,37,000.00 2,70,52,000.00 30,00,000.00 36,00,000.00 39,50,000.00 33,00,000.00 33,00,000.00 48,00,000.00 48,00,000.00 1,10,37,000.00 18,00,000.00 1,58,57,800.00 3,38,72,000.00 2,62,80,000.00 2,62,80,000.00 27,00,000.00 48,00,000.00 63,00,000.00 63,00,000.00 57,86,82,249.00 16,14,00,982.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 13 of 17 MOU NOT SIGNED HOWEVER UNITHOLDERS PAID PARTLY196197 198 199 200 201 202 203 1 2 3 4 5 6 7 8 8 Suresh Raina Mahendra Singh Dhoni Rhiti Sports Management Pvt Ltd Karan Singh Jayant Sahai Pranav Sahai Kishore Kapur Kanwar Davindra Singh & Amarjeet Kaur SUB-TOTAL290,70,000.00 87,50,000.00 13,30,00,000.00 2,25,00,000.00 2,35,00,000.00 1,20,00,000.00 1,65,00,000.00 33,55,500.00 33,55,500.00 2,24,90,000.00 52,50,000.00 33,55,500.00 33,55,500.00 30,00,000.00 2,26,36,000.00 60,00,000.00 25,39,07,000.00 6,42,11,000.00 MOU SIGNING IN PROCESS (Payments will start from 01.12.2018) 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 Akshay Puri / Ashok Puri Aasmieet S Madan Balraj Kapoor Chander Kanta Kapoor Rajeev Kumar Bhadani (HUF) Shashi Jain & Renu Jain Virat Kohli Rajeev Kumar Bhadani (HUF) Rajiv Kapoor Sarb Balraj Kapoor & Sons (HUF) & Ors Amrish Prakash Kumar/ Ashvin Prakash Kumar Abhay Chandra Bimla Devi B4S Solutions Pvt Ltd (Director Rama Kant Sharma) Heminder Gill Jasbir Singh Tikka Manmeet Singh Rajiv Kapoor Rakesh Sood Udaya Devi 1,84,56,000.00 5,95,18,000.00 3,74,95,000.00 5,83,85,000.00 24,00,000.00 30,00,000.00 36,00,000.00 36,00,000.00 1,80,45,000.00 30,00,000.00 1,80,45,000.00 30,00,000.00 5,42,40,000.00 1,05,00,000.00 1,80,45,000.00 30,00,000.00 5,58,03,000.00 36,00,000.00 3,30,22,000.00 36,00,000.00 0.00 2,31,91,200.00 21,00,000.00 73,63,000.00 80,37,000.00 12,90,000.00 20,09,250.00 1,79,89,000.00 30,00,000.00 2,49,55,000.00 2,12,24,000.00 2,73,36,000.00 3,74,75,000.00 1,83,95,000.00 98,28,000.00 30,00,000.00 24,00,000.00 30,00,000.00 30,00,000.00 24,00,000.00 16,38,000.00 CS(OS) 176/2015, 87/2018 & 88/2018 Page 14 of 17 224 225 226 227 228 229 230 231 232 233 234 235 236 237 11 12 13 14 15 16 17 18 19 20 21 22 23 33 237 Virander Singh/Naresh Singh/ Pradeep Singh The Institution of Civil Engineers Society Vikram Yadav Manmeet Singh Ajay Lal Surender Jit Singh Batra Ajit Kumar Gurpreet Kaur Vibhuti Gupta Savinder Grover Paramjit Gandhi Kaushalendra Kumar Ajay Lal SUB-TOTAL Wimberly Allison Tong & Goo UK Ltd. GRAND TOTAL215,61,000.00 24,00,000.00 1,21,50,000.00 20,25,000.00 9,00,000.00 95,00,000.00 2,81,93,000.00 14,54,464.00 10,00,000.00 10,00,000.00 20,00,000.00 10,00,000.00 3,38,00,000.00 91,63,000.00 2,88,44,000.00 4,50,000.00 18,00,000.00 18,00,000.00 6,00,000.00 6,00,000.00 6,00,000.00 6,00,000.00 6,00,000.00 30,00,000.00 16,50,000.00 18,00,000.00 71,74,12,664.00 8,10,62,250.00 3,33,48,803.00 3,33,48,803.00 3,18,95,66,730 80,08,00,652 It is pertinent to mention that no winding up order has been passed against the defendant No.1-company till date. the plaintiff as order, Moreover, most of its creditors have settlement agreement and by releasing payments in accordance with the aforesaid consensual 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. as well Even those creditors who have no settlement agreement will receive some succour without jeopardizing their rights to file appropriate proceedings. 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 CS(OS) 176/2015, 87/2018 & 88/2018 Page 15 of 17 With the aforesaid directions, defendant No.9 is deleted List before Registrar General on 15th October, 2018 for shall be read as an order of this Court. 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. from the array of parties. The Registrar General is directed to release payments in accordance with the consensual order passed today as well as the schedule annexed thereto. handing over of cheques to the counsel for the creditors. the Registry and kept in fixed deposit receipt. I.A. 1337/2015, 12805/2015, 12973/2015, 10221/2017 in CS (OS) 176/2015 List before Court on 31st January, 2019. Amounts, if any, left after the disbursal to be retained by Learned counsel for the applicants/plaintiffs wishes to withdraw the present applications with liberty to re-file the same after 31st March, 2019. With the aforesaid liberty, present applications stand disposed of as withdrawn. I.As. 17272/2015 & 17273/2015 in CS (OS) 176/2015 Learned counsel for the applicants/plaintiffs wishes to withdraw the present applications. 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 Present applications have become infructuous and they accordingly stand disposed of. I.A. 14310/2015, 23235/2015, 23236/2015 in CS (OS) 176/2015 In view of the order passed today and with the consent of the parties, no further orders are called for in the present CS(OS) 176/2015, 87/2018 & 88/2018 Page 16 of 17 applications. 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 In view of the consensual order passed today, the delay in filing the written statements is condoned and the same are taken on record. Accordingly, the applications stand disposed of. Order dasti.” OCTOBER11 2018 js MANMOHAN, J CS(OS) 176/2015, 87/2018 & 88/2018 Page 17 of 17