High Court of Judicature at Allahabad
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Ms Reeta Gandhi & Others v. M/S Vrindaban Real Estate (P) Ltd - COMPANY PETITION No. 29 of 2005  RD-AH 6051 (20 March 2006)
Hon. Sunil Ambwani, J.
Reference order dated 14.12.2005 and 16.1.2006, the second installment of Rs.25 lacs, to be paid to 40 applicants in proportion was due on 15.5.2006. Shri Naveen Sinha, learned senior counsel appearing for the respondent company assisted by Shri Vipin Sinha has tendered 40 demand drafts drawn in favour of the petitioners for a total sum of Rs.26,56,003/-. These drafts were prepared on 8.3.2006 and 11.3.2006 and are drawn in favour of the petitioners on Indian Overseas Bank, Allahabad. A detailed chart giving total amount due, amount to be paid on 16.3.2006 i.e. 16% of the amount, D.D. numbers and dates has been enclosed. These drafts were tendered to Shri Anil Panwar in the Court today.
Shri Naveen Sinha states that the excess amount paid shall be adjusted in the last installment. The next installment is due on 15.5.2006. Let the matter be listed on 19.5.2006.
An application has been filed by Shri Anil Panwar for impleadment of Shri Kamal Malhotra. Let a counter affidavit be filed to this application.
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